News

With legal action heating up in the wake of Madoff pyramid scheme disclosures, a Washington corporate attorney said his firm believes that Madoff clients may recover "hundreds of millions" from their

WASHINGTON--Insurance should be federally regulated and Congress should create a common database of all financially related fraud enforcement actions, a private fraud investigator who attempted to

Swiss Re Group's announcement yesterday that it would secure $2.6 billion in capital from Berkshire Hathaway, in the wake of an $860 million loss last year, failed to keep one rating firm from

American International Group Inc. announced an agreement yesterday to sell two Bangkok, Thailand units, AIG Retail Bank Public Company Ltd. and AIG Card Company Limited, for U.S. $58.7 million (2.055

The Chicago-based insurance broker said fourth-quarter net income dropped $197 million to $10 million, or 4 cents a share, compared to net income of $207 million, or 69 cents for the prior year.

An organization of major life and property/casualty insurers and reinsurers has asked the Securities and Exchange Commission (SEC) to delay the approval of a Memorandum of Understanding (MOU) on the