News

American International Group announced that with government monitors' approval it is reconfiguring its board with the nomination of six new members to give it a majority of new independent directors.

Insurers must be bold in the recession and not let fear govern their decisions during the economic downturn, futurist David Smith told an industry conference here.

CT TyMetrix, a provider of web-based legal management solutions for corporate law departments and claim organizations, has updated its 360 software to offer superior alternative fee arrangement management capabilities.

You can "follow" Claims Magazine's Twitter postings by clicking here. In the meantime, below is a sample of the many tweets made throughout this week and last:

Total insurance revenue for the nation's bank holding companies (BHCs), excluding MetLife, increased 7.2 percent last year, rising from $10.15 billion in 2007 to $10.88 billion, according to a study.

American International Group investors will get $843 million as part of the company's 2006 settlement of a huge accounting fraud, a federal court in New York ruled yesterday.