Outline Systems, Inc., a provider of IT solutions and services for insurance carriers and managing general agencies, announced the availability of the latest release of ProducerOne.

American International Group reported net income of more than $1.8 billion for the second quarter of this year, the first time it has reported a quarterly profit since the third quarter of 2007, the New York-based insurer said.

Federal authorities released a statement countering former American International Group Chairman Maurice Greenberg's comments, which sought to diminish the import of accounting violation allegations against him.

WASHINGTON--Maurice Greenberg, former head of American International Group, has agreed to pay $15 million to settle charges of fraudulent accounting to boost the company's financial outlook, the U.S. Securities and Exchange Commission announced.