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Directors and officers insurance experts found little to celebrate in a report declaring an end to securities lawsuits arising from the credit crisis, and Goldman Sach's recent troubles had them throwing more cold water on positive findings.

Securities lawsuit filings fell by 39 percent in the first quarter, according to a report by Advisen, which noted that several high-profile stockholder actions were dismissed as well.

The Obama administration has made clear it will support the Senate version of a financial services reform bill as the measure appears to be nearing a floor vote.

Securities lawsuit filings fell by 39 percent in the first quarter, Advisen reported, noting that several high-profile stockholder actions were dismissed as well.

American International Group Inc. announced it has named six new corporate officers to a variety of positions, including those involved with corporate legal compliance, auditing and human relations.

Scherer, previously special litigation counsel and CCO at Swiss Reinsurance Co., will be responsible for New York-based Chartis' worldwide legal operations.

The property and casualty insurance industry's consolidated net income through the first three quarters of 2009 improved dramatically, although association leaders warn there remain plenty of reasons for concern.

The P&C insurance industry's consolidated net income through the first three-quarters of 2009 improved dramatically--a 272 percent turnaround compared to the same period last year--although experts said there are plenty of signs for caution ahead.