Insurers and trade groups objected to a planned National Association of Insurance Commissioners' (NAIC) data call on credit-based insurance scoring during a recent NAIC committee hearing.
American International Group Inc. (AIG) has released details of its plan to pay back taxpayers for bailing out the mammoth company, gradually allowing the federal government to reduce its various forms of assistance to AIG.
Liberty Mutual Group said it is delaying its initial public offering of stock in Liberty Mutual Agency Corporation (LMAC) because the company believes it won't get the right price for the business.
Hannover Re, named as the first foreign reinsurer to qualify for reduced collateral requirements in Florida, said the state has approved its Bermuda subsidiary to benefit from the same law.
A federal judge in New York has denied a request by American International Group (AIG) to have a securities fraud class action lawsuit against it dismissed.
Putting an end to about five years of litigation, a federal judge in Connecticut has given her final approval of a $72.5 million settlement involving The Hartford Financial Services Group.
Tropical Storm Matthew struck Central America twice over the weekend, but the good news for the U.S. is that the now unnamed storm system is not expected to reemerge into the Gulf of Mexico where it could intensify.