News

Thanks to changes supported by carriers and agents, most industry groups are now satisfied with legislation creating a Federal Insurance Office within the Treasury Department that was passed last week.

News about AIG broke fast and furiously last week, with questions raised about its reserve adequacy, deals closed to reduce its government debt, and an announcement that it had buried the hatchet with former CEO Maurice Greenberg.

AIG and former CEO Maurice R. "Hank" Greenberg have agreed to settle all outstanding disagreements, ending a bitter battle that ensued after Mr. Greenberg left the company in 2005 following an accounting scandal.

The title "business analyst" has been misappropriated by IT and needs to be returned to the business side. Who would have thought that a simple misnomer would have such far-reaching consequences?

By burying the hatchet with its former chief executive, Maurice Greenberg, AIG set the stage for what would be the biggest comeback in the insurance industry's history, says NU Editor Sam Friedman in his blog at www.NUSamSoapBox.com.

If there's a lesson to be learned from Tiger Woods' personal disaster, it's that things happen that cannot be planned for--and that if something is uncovered, it should not be hidden or kept from the media. Read more at www.NoRiskZone.com .