News

American International Group bettered its first quarter loss from last year by close to $2.5 billion, but reported a net loss of more than $5 billion, admitting that negative publicity is affecting underwriting.

After reporting a net loss for 2008, Zurich, Switzerland-based carrier Swiss Re celebrated a return to profitability in the first quarter, despite a 76 percent drop in net income.

American International Group said its AIG Financial Products Corp. has sold its commodity index business to UBS Investment Bank.

ORLANDO, FLA.--Workers' compensation insurers barely broke even last year, according to figures released here by the National Council on Compensation Insurance.

Problems with core systems are scary for any insurance carrier, but the thought of investing heavily in today's economy is enough even for the bravest to keep on the nightlight. Still, as Craig

The U.S. Supreme Court's decision this week, that a company must show intent to dispose of chemicals to be liable as an "arranger" under the "Superfund Law," could benefit corporations caught up in potential liabilities.