News

New York City's groundbreaking effort at financial education for the poor, which got off the ground with backing from an insurance charity, is expanding.

Lloyd's of London presented its Gold Medal for Saving Life last night to Capt. Chesley "Sully" Sullenberger III for safely landing his U.S. Airways passenger jet in the Hudson River Jan. 15 after a bird strike caused engines to stall.

Insurance policies for a reality television show require a special brand of expertise, a broker for the sector said today in the wake of news that the stars of "Jon and Kate Plus Eight" are divorcing.

American regulators must put into place "better, not simply more" financial services rules and regulators, London insurance market leaders warned.

Maurice R. Greenberg spent his sixth day on the witness stand yesterday sparring with the attorney for American International Group over what restrictions there were on use of AIG stock held by Starr International Company.

Besides the financial market crisis, the top business risks multinational insurers face this year are failures to recognize model shortcomings and possible impacts from sweeping regulatory reforms, a report found.