News

Obama administration officials denied that American International Group had "outmaneuvered" them on bonus payment issues, and said if a proposed tax on large banks is enacted, it will ensure the bonus payments are recouped.

Bermuda-based insurer OneBeacon Insurance Group said it will sell its personal lines business to Tower Group Inc. for about $180.5 million.

Insurance trade groups are asking the House to reject proposed legislation that would end the antitrust exemption afforded health and medical malpractice insurers by the McCarran-Ferguson Act.

Claims Magazine is twittering every day about breaking news and timely topics -- not to mention keeping readers up to date on what's being posted on claimsmag.com.

A New York insurers' group plans to tell a legislative panel that bogus medical mills and unscrupulous medical providers, mostly in the New York City area, are inflating no-fault auto insurance costs.

Arthur J. Gallagher & Co. reported fourth-quarter net income grew 72 percent on the strength of cost-cutting, integration of new business and stepped-up sales activity.