Incoming American International Group CEO Peter Hancock indicated yesterday as he took the helm that he is confident longtime AIG executives will decide to remain with the company.

The changing of the guard occurs as AIG reports strong Q2 earnings that beat estimates.

The changing of the guard occurs as AIG reports strong Q2 earnings that beat estimates.

American International Group has agreed to settle for $970 million a lawsuit that accused the company of misleading investors about its financial condition in the mid-2000s.

A spate of air crashes throughout the world has made the first seven months of this year the worst period for the aviation insurance industry since 2001, but the line has been profitable in recent years.

When dealing with Superstorm Sandy claim delays, a key problem was the lack of available flood-insurance adjusters, an industry official said. A N.J. senator, though, says the entire claims process is "tilted against homeowners."

When dealing with Superstorm Sandy claim delays, a key problem was the lack of available flood-insurance adjusters, an industry official said. A N.J. senator, though, says the entire claims process is "tilted against homeowners."

MetLife could be designated a systemically important financial institutions (SIFI) as early as next week, Bloomberg News said today.