News

American International Group Inc. announced last night that the company's new Chairman and Chief Executive Officer Edward M. Liddy will "provide an update on AIG's future direction" at an investors c

Clients will need to replace either Travelers or AIG, he said. He added that, up until Nov. 19, in order to allow for an orderly transition, "Travelers is prepared to absorb AIG's share of the co-sure

The new CEO comes to Liberty Northwest from Seattle-based Safeco Corp., where her career included numerous executive capacities, including field operations, field sales and vice president of Safeco's

Complex surgery and anesthesia went from an average of .9 treatments per claim in the 1996-1997 period to 1.5 in the 2002-2003 period--a 67 percent difference, said NCCI. The report said a comparison f

A.M. Best rating firm executives said that despite the impacts of recent hurricanes and the American International Group financial crisis, its outlook for the property-casualty insurance sector is sta

Florida Insurance Commissioner Kevin McCarty said today that opinions by trade groups and Treasury Secretary Henry Paulson that the financial difficulties of American International Group demonstrated