American International Group Inc. (AIG) is now free to proceed with a lawsuit alleging other insurers conspired to underreport workers' compensation premiums, which the company said skewed the market.

The property and casualty insurance industry had more than $19 billion of reserve redundancy at the end of 2009--a majority of which will be released this year and the next, according to Morgan Stanley.

American International Group Inc. (AIG) is now free to proceed with a lawsuit alleging other insurers conspired to underreport workers' compensation premiums, which the company said skewed the market.

The task of John Wortman, who has announced his retirement, was not an easy one when he was hired as the new chief executive of Louisiana's homeowners insurer of last resort.

American International Group has outlined a plan meant to retain and attract executives as it works to repay its obligation to the federal government, which owns about 80 percent of the company.

A Senate committee approved a bill to retroactively eliminate the current liability cap for damage from oil spills.

Hurricane Alex became the first hurricane to hit land in the month of June in more than 40 years, but its effect on the U.S. was minimal, according to a catastrophe modeler.

A sizable earthquake in the New Madrid seismic zone, located in the central U.S., could cause $300 billion in direct economic losses from the immediate states impacted, according to a recent report.