News

American International Group Chief Executive Robert Benmosche has written company employees telling them he is committed to leading the firm and they should ignore speculation he planned to quit.

Assurex Global, the global independent insurance brokers network, announced that its new board chairman is Tom Cornish of Seitlin Insurance in Miami.

United Automobile is praising a Florida-based ruling from the Third District Court of Appeals that confirms a person cannot sue his auto insurance company for failing to provide an explanation of benefits on personal injury protection claims.

Based on its recent results, AIG shows continuing stabilization and should be able to pay back most of the billions it owes the government, according to Moody's Investors Service.

Auto insurance claim frequency is rising, in some cases precipitously, as gasoline prices have declined from the high levels seen in 2008, according to regulators and two large insurers.

Property and casualty insurance trade groups are lauding Senate Democrats' decision to include provisions modernizing and reforming the surplus lines industry in legislation they unveiled for financial services regulatory reform.