News

Terms of the settlement call for the insurer to pay refunds to policyholders totaling $36.8 million for new and renewal policies written between Dec. 1, 2004 and April 23, 2006. These dates reflect t

American International Group plans to hold its stockholder's meeting tomorrow despite a letter from its former chief executive Maurice R. Greenberg urging it to postpone the session in the wake of the

Itasca, Ill.-based insurance broker Arthur J. Gallagher & Co. said it has acquired the transportation niche retail insurance agency Specialty Risk Inc. of Liberty, Mo. Financial terms of the transacti

Bill Berkley, the Simon Cowell of insurance, who always speaks his mind and lets the chips fall where they may, lobbed more verbal grenades last week at insurer rating agencies. NU Editor In Chief Sam

A report by Fitch Ratings said that federal regulation of the insurance industry is probably inevitable, but that regulation would not necessarily bring benefits quickly to both the industry and consu

Oracle announced it has agreed to acquire AdminServer, a provider of insurance policy administration software. AdminServer's product offering will become a core component of Oracle's existing