A group of Chinese companies, including the Industrial and Commercial Bank of China, is in talks to buy American International Group Inc's aircraft leasing unit for about $5.5 billion.

Emerging market countries represent huge, untapped opportunities for insurers. But carriers that are not properly staffed with people who understand the cultures, histories and markets of these nations will not succeed in their efforts to expand.

Replacing a policy administration system is one of the most important and difficult tasks an insurance carrier will undertake. When projects reach this magnitude, insurers need to recognize the pitfalls and how to deal with them.

The U.S. Supreme Court ruled on Tuesday that the federal government may be required to pay damages when it releases water from a dam that causes temporary flooding for a property owner downstream.