Legislation that effectively kicks down the road efforts to restore solvency to the NFIP was overwhelming approved by the Senate late yesterday and sent to the president for signature.

American International Group Inc. selected Peter Fisher, a former BlackRock Inc. executive and U.S. government official, to join the board of directors as the insurer prepares for increased federal oversight.

American International Group Inc. Chief Executive Officer Robert Benmosche and four other senior managers received cash bonuses that exceeded their targets last year as the insurers results improved.

The Florida Supreme Court on Thursday struck down a state law that placed a $1 million limit on the amount of money people can be awarded in wrongful death cases caused by medical malpractice.