News

Edward Liddy, before he stepped down as AIG's embattled chair and chief executive last week, wrote company employees to tell them that despite liquidations to repay government loans, the company is undergoing a rebirth, not a breakup.

A California state appeals court has ruled in a fatal malpractice case brought against a veterinarian that a pet owner is not entitled to recover emotional damages.

The U.S. property and casualty insurance market remains soft overall, with prices down by an average of 6 percent in July--unchanged from the previous month, according to the latest "Market Barometer" survey by an electronic insurance exchange.

IAS Claim Services is looking for adjusters. And according to its chief executive officer, others in the claims field are looking as well--demand for quality adjusters remains high, despite the struggling economy.

Australian auto insurers last week reported that kangaroos are mostly responsible for 20 or more animal-vehicle collisions a day.

In November 2004, Robert L. Whiteside submitted a receipt to State Farm Fire and Casualty Company, claiming that his chrome rims and tires had been stolen from his residence during a burglary.