Risk Management

Only one American sport utility vehicle secured a "good" evaluation in the new strength rating system that the Insurance Institute for Highway Safety has adopted in a push for a tougher standard from manufacturers.

Florida Insurance Commissioner Kevin McCarty has been named Regulator of the Year by the LexisNexis Insurance Law Center.

New York Attorney General Andrew Cuomo announced yesterday that employees of American International Group have agreed to return $50 million of the $165 million controversial bonus money the company paid out.

Treasury Secretary Tim Geithner and Federal Reserve Board Chairman Ben Bernanke today both told Congress their agencies examined suits to stop payment of the bonuses to American International Group's Financial Products Group but backed off.

AIG last week revealed the institutions to which it paid some $120 billion in taxpayer bailout money to settle controversial derivatives trades, announcing it now sees use of such money should be public.

Anti-fraud groups are slamming a budget-cutting scenario put out by Florida Department of Financial Services that would eliminate all seven of the state's insurance fraud prosecutors.

As the current economic turmoil leads to an escalation of lawsuits against directors and officers, one expert is warning that a new variety of D&O liability claims may be created related to government bailout efforts.

There is no evidence AIG is engaged in predatory pricing of its property-casualty business, the U.S. Government Accountability Office and Pennsylvania's insurance commissioner told Congress last week.