American International Group and the Federal Reserve Bank of New York (FRBNY) are at odds concerning whether the insurer has authority to sue banks over virtually worthless mortgages they sold that drove AIG to seek a federal bailout.

Back office needs at p&c insurance companies have changed significantly over the last few decades. Expanding existing products, introducing new ones, changing distribution strategies, and the need for business agilityamong other factorshave put enormous pressure on legacy policy administration systems, most of which are unable to handle the growing...

Back office needs at p&c insurance companies have changed significantly over the last few decades. Expanding existing products, introducing new ones, changing distribution strategies, and the need for business agilityamong other factorshave put enormous pressure on legacy policy administration systems, most of which are unable to handle the growing...

Farmers have spent 20 percent more on agricultural insurance in recent years to protect against crop losses from increasingly frequent bad weather events, according to reinsurer Swiss Re.