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NEW YORK--American International Group's bailout by Washington does not prove the need for a national regulator, but if a federal charter is established by Congress it should not be optional,

The announcements were made by Gregory A. Maciag, president and CEO of Pearl River, N.Y.-based ACORD, the Agent-Company Organization for Research and Development that drafts and disseminates standard

NEW YORK--Property-casualty insurers with simple management strategies weathered 2008 economic troubles better than carriers who branched out into other financial services sectors, industry experts

The cases against the company took a major blow when the key attorney involved in the actions, Richard "Dickie" Scruggs, pleaded guilty in U.S. District Court in Oxford, Miss., last March for

Sun Belt, founded in 1988, deals in commercial property and liability insurance, bonds, employee benefits and individual life and health. The current 16-person staff will continue with the firm.

The Chicago-based insurance broker has not reported its fourth quarter results, but for the third quarter last year, its net income fell by $87 million, going from $204 million, or 69 cents a share