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.

David Turp brings 20 years' experience with energy and non-marine insurance.

Lower-than-expected claims have enabled State Farm to trim premium costs for its policyholders in the Peach State by 1.5 percent.

Addition of Cambridge client base will strengthen West coast presence