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The report said the percentage of claims that appeared to involve fraud--misrepresentation of the facts of a loss--increased from 9 percent of bodily injury claims closed with payment in 2002, to 11 per

Standard & Poor's Ratings Services corrected its ratings today on 1,096 issues (about 12,000 maturities) guaranteed by bond insurer Ambac Assurance Corp. to 'A plus' from 'A', saying they had been "i

NCCI said the slower growth, which was also seen in 2005 is partly due to of the fact that the previously popular Cox-2 inhibitor anti-inflammatory drugs Vioxx and Bextra were removed from the market

American International Group Inc. said it is terminating voluntary deferred compensation programs to eliminate an incentive for employees to leave the company in order to get back pay, and as a

Marc Racicot, the American Insurance Association's president and chief executive officer, is resigning his position as of February 2009, and will be replaced by AIA Chief Operating Officer Leigh Ann

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