News

The development and widening adoption of communication standards have promoted efficiency and improved the insurance industry's bottom line, said ACORD President and CEO Gregory A. Maciag.

The Government Accountability Office said in a report released last week that inconsistencies remain in state licensing of insurance producers--such as in conducting background checks and fingerprinting.

A National Association of Insurance Commissioners climate risk disclosure survey for insurers serves "nakedly ideological ends," an insurance trade group representative charged in a published paper.

American International Group Inc. said today it will "accelerate steps" to spin off its Asian life insurance operations into a company that would be listed on an Asian stock exchange.

The National Council on Compensation Insurance management said it expects to start using its new methodology for occupational risk classification on Oct. 1.

American International Group said it has enough money on hand to pay its obligations, complete its reorganization and repay its loans for at least the next 12 months.