Last week's election results for state gubernatorial races across the nation are likely to radically change the complexion of the state insurance regulatory system, with commissioner positions hinging on the actions of newly elected governors.

American International Group said the sale of one foreign insurer and the initial public offering of a second have raised enough money to repay a line of credit it has with the Federal Reserve Bank of New York.

Lloyd's and Arch Specialty Insurance Co. do not have to cover the legal expenses of Texas financier R. Allen Stanford, a federal judge ruled last month.

Hospitals should get ready for a reversal of fortune when it comes to liability claims, according to a broker report.

The discovery of two bombs destined for Chicago from Yemen, but intercepted on cargo planes in Dubai and Britain, will not have a huge impact on the global aviation market, but the event has spurred discussion about supply chain risk assessments.

Robert H. Benmosche, president and chief executive officer of American International Group, now predicts that AIG's repayment of a line of credit

American International Group posted a $2.4 billion third-quarter loss on restructuring-related charges of $4.5 billion, as its chief executive boasted of solid insurance operating results.

Losses from a capital hedge it has in place to protect statutory capital in its life insurance segment drove down Nationwide's third-quarter net income to $85 million, compared to $208 million during the same time a year ago.