Congress may not fully address the renewal of the Terrorism Risk Insurance Act before the scheduled expiration of the law at the end of 2014, Marsh & McLennan Cos. warns.

The defection of four top AIG executives to Berkshire Hathaway signals an aggressive attack by Ajit Jain, head of Berkshire Hathaways reinsurance business, on Robert Benmosches dominant and highly profitable AIG surplus lines business.

The defection of four top AIG executives to Berkshire Hathaway signals an aggressive attack by Ajit Jain, head of Berkshire Hathaways reinsurance business, on Robert Benmosches dominant and highly profitable AIG surplus lines business.

Jeremy Johnson, a former insurance broker, has been named head of American International Group's surplus lines business.

Four of AIG's top P&C executives have all left the firm to join Berkshire and start a rival surplus lines unit.

Four of AIG's top P&C executives have all left the firm to join Berkshire and start a rival surplus lines unit.

demand by a House Financial Services subcommittee chairman that bank regulators move quickly to impose a rule requiring mortgage lenders to accept private flood insurance is prompting a split in the insurance industry.

demand by a House Financial Services subcommittee chairman that bank regulators move quickly to impose a rule requiring mortgage lenders to accept private flood insurance is prompting a split in the insurance industry.