News

Critical votes are scheduled this week in the U.S. Senate on proposed legislation creating a $140 billion trust fund to handle asbestos claims, with important segments of the insurance industry

Fitch Ratings said American International Group Inc. and its subsidiaries will remain on rating watch negative following yesterday's announcement by the company of a $1.64 billion settlement with fede

Fitch Ratings said American International Group Inc. and its subsidiaries will remain on rating watch negative following yesterday's announcement by the company of a $1.64 billion settlement with fede

The Stamford, Conn.-based company also announced it was restating results from 2001 through 2004 along with the first three quarters of last year after an internal review of contracts with finite char

Boston-based CDS Business Mapping, an online property risk mapping company, announced today that nine states have been added to its routing technology that determines distance to the three closest fir

Overall, Bank of America property-casualty analyst Brian Meredith said the $1.1 billion after-tax negative reserve development along with the $1.64 billion settlement with state and federal authoritie