American International Group's financially stressed aircraft leasing operation said it is looking for a new senior secured term loan of up to $750 million backed by its inventory of jets.

An investor advocacy group announced it is suing the board of Zenith National Insurance Corp. alleging Zenith's planned $1.4 billion sale to Fairfax Financial Holdings Ltd. undervalues the company.

The Property Casualty Insurers Association of America (PCI) released a consulting firm study that concluded any new legislation regulating the financial system based on the size of financial institutions would be unfair.

Toyota's recalls will have little impact on the ratings of auto and commercial lines insurers, according to Moody's, but a law firm said directors and officers carriers could face major exposure.

As the German government announced it favors more international sanctions against Iran, Munich Re said it would become the second German reinsurer to stop writing business there and will not renew existing coverage.

The spreading epidemic of bogus health plans is hitting small businesses as well as consumers, a spokesman for the Coalition Against Insurance Fraud said.

Economists at the Inter-American Development Bank estimated that the cost of rebuilding Haiti could reach $14 billion--a figure far above early numbers provided by catastrophe modeling firms.

Florida authorities said they had issued cease and desist orders to three firms, including their subsidiaries, for the unauthorized sale of warranty products and service agreements for homes and autos.