American International Group said investment banker and restructuring expert Henry S. Miller has been added to the company board of directors to help the debt-ridden company with its recovery.

U.S. insurance merger and acquisition activities last year were the lowest since 2002, but a pickup is already underway, fueled by pent-up demand, Conning Research & Consulting reported.

An explosion in a coal mine this week leading to 25 reported deaths looks to have been caused by numerous safety violations and risk management oversights.

MarketScout, the electronic insurance exchange, said its composite rate for U.S. property and casualty insurance coverage was down four percent in March.