Former American International Group Chief Executive Maurice "Hank" Greenberg and the company's former chief financial officer will get $60 million from AIG's insurers as part of a proposed settlement to resolve shareholder derivative claims.

For eight years United States Fidelity & Guaranty Company (USF&G), now part of Travelers Cos., had been looking to recoup from reinsurers about half of a $987 settlement with an asbestos policyholder.

Legislative and regulatory restraint, strong statewide building codes, and incentive programs to entice new insurers to Louisiana have each contributed to the state's recovery since Hurricane Katrina.

Predictions of an active hurricane season are looking accurate as the peak of the season begins with three storm systems in the Atlantic and Hurricane Danielle reaches Category 4 strength.

Four Scranton, Pa.-area residents involved with the now-bankrupt Murray Insurance Agency have been arrested in connection with an alleged $7.5 million pyramid scheme from the business' headquarters, ironically known as One Pyramid Center in Scranton.

As about a half a billion eggs have been recalled due to possible salmonella infection, it is likely recall contamination insurance coverage has been triggered.

For eight years United States Fidelity & Guaranty Company (USF&G), now part of Travelers Cos., had been looking to recoup from reinsurers about half of a $987 settlement with an asbestos policyholder.

The U.S. Bureau of Labor Statistics said fatal workplace injuries are at the lowest point they have been since surveys were first conducted, but unemployment has played a major role.