News

American International Group will pay a record $1.64 billion to settle state and federal charges of securities fraud, bid-rigging and failure to pay proper contributions to various state workers' comp

The Risk and Insurance Management Society Inc. (RIMS) said it will hold a March 22 forum to discuss improvements in business practices and will invite leaders of the world's largest insurance companie

With the Jan. 1 reinsurance renewal season proving something of a disappointment, insurance industry eyes are now on April 1, when a significant portion of the Japanese risk renews, said one leading p

Marsha Harrison, regulatory affairs counsel for the National Association of Mutual Insurance Companies, said "the proliferation of NAIC databases undertaken without regard to cost, duplication or conf

The London-based insurance brokerage firm reported net income dropped $48 million in the fourth quarter, going from $108 million, or 65 cents a share, to $60 million, or 38 cents a share. Revenues dec

Supreme Court Justice Herman Cahn permanently enjoined Starr Technical Risks Agency, Inc., part of C.V. Starr, from interfering with current business relationships between American International Group