An insurance analyst, calling the meltdown of AIG a "staggering development," said the Federal Reserve Board statement that the carrier will pay off its federal loan from the sale of businesses sugges

A.M. Best Co. has downgraded the financial strength rating (FSR) and issuer credit rating (ICR) of Lehman Re Limited for the second time in a week, due to the status of its parent company, Lehman Brot

New York Insurance Superintendent Eric Dinallo will oversee a National Association of Insurance Commissioners task force created to expedite the approval of sales of American International Group asset

Department of Insurance investigators allege Terri Strozier, 44, and Thomas Silver, 44 conceived and executed a plot to defraud their insurance company of almost $2,000. Silver allegedly showed