News

A.M. Best Co. downgraded the financial strength rating to "B (Fair)" from "A-minus (Excellent)" and issuer credit rating to "bb" from "a-minus" of Lehman Re Limited of Hamilton, Bermuda. The outlook f

As talks continued to secure financing to help American International Group avoid being forced into bankruptcy, AIG's former chairman and chief executive officer, Maurice Greenberg, today said the Fed

Only 2 percent of auto insurance shoppers who receive a quote are successfully signed by auto insurance companies, and online selling is not as successful as direct contact, according to a J.D. Power

Spencer Adams III, Pickett & Adams chief executive officer, will now join Hub as executive vice president and report to Steven Terry, president of Hub Gulf South. The agency will remain at its current

Spencer Adams III, Pickett & Adams chief executive officer, will now join Hub as executive vice president and report to Steven Terry, president of Hub Gulf South. The agency will remain at its current

Four agencies cut AIG's ratings on Monday night, which exerted more pressure on the Federal Reserve to put together an emergency loan package to help the company meet anticipated demands from counterp