American International Group Inc. said Thursday the ex-chairman of Granite Broadcasting Corp. and the chairman of Oak Street Management Co. LLC will stand for election to the company's board of directors.
United Fire & Casualty Co. said Wednesday it has the necessary approvals from state regulators and company shareholders to complete its acquisition of Mercer Insurance Group Inc.
The number of flood insurance policies issued to North Dakota residents so far this year is down slightly from last year, despite predictions of high water and an emergency declaration request for about one-third of the state's counties, federal officials said Tuesday.
The government's bailout of banks, auto makers, and insurers helped prevent a more severe economic crisis, but might have sowed the seeds of the next one, a congressional watchdog group said Wednesday in its final report.
Shares in insurance and reinsurance companies were trading mostly lower on Tuesday, as investors absorbed the potential financial consequences on the sector from the deadly earthquake in Japan.
Google Inc., Twitter, Microsoft Corp. and other U.S. technology companies are finding ways large and small to help out in the wake of last week's earthquake in Japan and the resulting tsunami.