News

Officials of a House panel have asked federal agencies to deliver reports today from an independent monitor retained to oversee American International Group in 2005.

Marsh announced today that its captive management practice has been recognized by the State of Connecticut Insurance Department as the first firm eligible to provide captive management for captive insurance companies domiciled in the state.

A key House committee chairman said today that Congress plans to accomplish passage of legislation reforming the nation's healthcare system this year.

Insurance giant State Farm might be checking its own product recall and liability coverages after the U.S. Consumer Product Safety Commission announced the insurer agreed to a voluntary recall of a promotional toy.

An insurance executives' think tank in advance of tomorrow's London G-20 meeting has written finance leaders advising them that any regulatory moves to fix the economic crisis should recognize the difference between banks and insurers.

Munich Re said today it has completed its acquisition of all the shares in U.S. specialty insurer HSB Group from American International Group.