American International Group Chairman Robert B. Willumstad, speaking to analysts today after suddenly taking over the duties of chief executive officer this weekend, said he will work to improve AIG's

American International Group Inc. announced Sunday that its board of directors has named its chairman, Robert B. Willumstad, to the additional position of chief executive officer, succeeding Martin J.

At the same time, in response to a question, Gary Kerney, assistant vice president of Property Claim Services--which catalogs insured losses from catastrophes--said it expects that the covered damage

The Dallas-based online insurance exchange reported that rates for May on average were down 11 percent, compared to a 13 percent reduction for the same period last year, and 12 percent this past