News

For the second quarter of this year, New York-based MMC, the parent company of insurance broker Marsh and reinsurance broker Guy Carpenter, reported net income decreased 63 percent, or $112 million, c

An independent agent group does not foresee a "domino effect" from the AIG situation, while an insurance company association in favor of optional federal charters is calling for more effective regulat

The Center for Economic Justice (CEJ) has written a letter accusing the National Association of Insurance Commissioners (NAIC) of fostering a culture of lack of transparency and accountability to the

Newer homes and commercial buildings constructed to modern standards fared better in Hurricane Ike than older structures, but roof design still needs improvement, according to an insurance-backed rese

An insurance analyst, calling the meltdown of AIG a "staggering development," said the Federal Reserve Board statement that the carrier will pay off its federal loan from the sale of businesses sugges

Maurice "Hank" Greenberg, the former chief executive and brains behind the growth of American International Group, blamed the company's liquidity problems on management's failure to practice sound ris