News

Allegations that American International Group and other insurance companies are improperly handling injury and death claims of workers employed by war zone contractors have sparked a demand for a congressional probe.

In advance of its first-quarter report next month Munich Re said recent catastrophe losses have been manageable and it expects results to be "satisfactory."

Sixty-seven year old Edna Mancillas was more than just an aunt to her two nephews, Gilbert and Ricardo Blancas -- she was an accomplice in a terrifying staged auto theft scheme.

It's discouraging to see so many risk managers staying home rather than attend this year's RIMS conference in Orlando, Sam writes.

Specialty insurer RLI Corp. reported a first-quarter 2009 net loss of $1.8 million, compared to the period last year when it posted a $25.5 million profit.

Consumer watchdogs are urging a closer look at insurers' estimation of post-catastrophe material and labor price increases, citing a study questioning demand surge figures used to set insurance rates.