LIG Marine Managers has opened a new division, LIG West, and a branch office in the financial district of San Francisco. LIG West will operate in the 11 western states.

Declaring that the company has learned its lesson from the economic crisis, The Hartford's chief executive outlined a new company strategy for growth during its investor meeting today in New York.

The top reason insurers embarked on technology initiatives was to grow their business, according to a consulting firm survey of chief information officers.

Across all industries, the total number of federal class action lawsuits filed dropped by 21 percent last year, with financial services firms continuing as the favorite target, a consulting firm reported.