The California Workers Compensation & Risk Conference in Dana Point opened with a session featuring employers and stakeholders in the industry weighing in on the current state of California Workers Compensation and future outlook for 2015.

In an effort to help growing companies expand their services to more jurisdictions, ACE Group launched a division that will help in underwriting and other legal services.

Liability claims have been lower than expected in recent years, boosting insurers' profitability despite declining liability prices, according to Swiss Re's latest sigma study.

Mr. Fasano, who will join AIG in October, will report to AIG President and Chief Executive Officer, Peter D. Hancock.