News

Spencer Educational Foundation Inc., affiliated with the Risk and Insurance Management Society Inc. in New York, said today it appointed Warren J. Mula to its board of directors.

American International Group's game plan going forward is to establish "separate identities" for its "best businesses" and to shut down its financial products unit, company Chairman and CEO Edward Liddy is expected to tell a House panel tomorrow.

Choosing a financially strong carrier, striving to reduce workplace accidents and creating a formalized return-to-work program are some steps employers can take to control workers' compensation costs while also improving the process, PMA Companies said.

Property-casualty insurers will emerge from the recession with a distaste for equity investments and a renewed focus on underwriting, a leading insurance economist advised an industry group here.

The outbreak of the H1N1 flu that closed down many businesses and public institutions in Mexico has revealed gaps in company plans to deal with a pandemic flu, according to an insurance brokerage executive.

The investigation of February's Colgan Air crash that killed 49 persons in Buffalo, N.Y., highlights the importance of pilot training in aircraft insurance policies, according to a legal expert.