Battered by declining premium volume, bad weather and steep declines in investment income, the property-casualty insurance sector racked up a third-quarter $9.9 billion net loss, compared with a profi

Standard & Poor's said the combination of the credit crunch and a depressed equity market has led it to issue a negative outlook on sectors of the U.S. insurance industry and downgrades for several in

Claims News Service, Dec. 16, 3:13 p.m. EST -- The recent winter storms that swept through northeastern regions of the United States forced several states to declare emergencies. On December 11, a

As the company explained the transaction, AIG's U.S. life insurance companies sold the RMBS to Maiden Lane II LLC (ML II), a newly formed Delaware LLC in which the Federal Reserve Bank of New York (FR