The January agreement for government units in charge of New Orleans levees to pay something to property owners damaged by the flooding from Hurricanes Katrina and Rita is now mired in a coverage dispute.

Parsippany, N.J.-based York Insurance Services Group Inc. said Anthony Galioto, a former American International Group executive, will become the firm's president and chief executive officer.

Congressman Elijah E. Cummings, D-Md., reiterated a demand that American International Group Chief Executive Edward Liddy resign in the wake of a disclosure yesterday that Mr. Liddy has a substantial interest in Goldman Sachs.

Moody's Investors Service announced it has revised its outlook for the U.S. commercial lines insurance sector to negative, from stable, citing carriers' stressed investment portfolios and weak capital adequacy.