News

President Barack Obama's financial regulatory reform plan could leave creditors, with subordinate claims against failing insurance holding companies, stuck with underperforming assets, a Moody's report said.

American International Group, Inc. announced today it has forged an agreement with the Federal Reserve Bank of New York to have $25 billion government debt reduced by giving taxpayers a stake in two AIG firms.

Insurance Accounting & Systems Association and Ward Group said they have awarded Missouri Employers Mutual Insurance Company (MEM) the 2009 Technology Achievement Award.

Former American International Group Chief Executive Officer Maurice R. Greenberg, yesterday, appeared to contradict some earlier testimony he gave in the AIG stock ownership trial.

ASARCO, an Arizona-based copper company that declared bankruptcy in 2005, will have its day in court regarding the payment of legal expenses if it prevails in its case against Fireman's Fund Insurance Company, a Texas judge ruled.

Florida Gov. Charlie Crist has vetoed a measure that would have allowed some insurers to charge unregulated property rates stating that it would allow them to essentially "red line" areas of the state