News

American International Group Inc. in its latest divestiture move said today it has agreed to sell its consumer finance operations in Argentina to a bank and investment group.

Organizations that ignore the threat of terrorism and do not plan for the possibility could face lengthy and expensive litigation in the aftermath of an event, according to an executive at Aon.

The Public Risk Management Association (PRIMA) announced Craig Macdonald as the winner of its 2009 Public Risk Manager of the Year award yesterday during its annual conference.

A member of Congress critical of American International Group's operations since the company's federal bailout is demanding that any candidates for the chairman and chief executive posts at the firm be required to make detailed financial disclosures.

Legislation backed by the insurance industry that would provide incentives for the adoption and enforcement of statewide building codes throughout the nation has been introduced in the House.

Citing medical costs as the reason, the California State Compensation Insurance Fund has filed for a 15 percent increase in premium rates.