The National Council on Compensation Insurance reported that injured workers in two states it analyzed stayed off the job longer when lost pay benefits were increased.

American International Group, Inc. announced it had completed two previously announced transactions to reduce the debt AIG owes the Federal Reserve Bank of New York by $25 billion.

Marine insurers face a stormy market, battered by declines in trade, expansion of piracy, stalled capital markets and lower investment returns, an insurance brokerage reports.

American International Group Chief Executive Officer Robert Benmosche has signed a non-compete agreement, a company spokesman said.

The Insurance Information Institute in advance of the "Black Friday" shopping day after Thanksgiving said it was urging shoppers to take preventive measures to avoid the risk of identity theft.

The National Conference of Insurance Legislators said it has adopted a model act for state lawmakers designed to discourage faulty airbag repairs and airbag theft.

Floods that hit the United Kingdom last week could cost insurers up to $165 million, the Association of British Insurers estimated.

The insurance industry was the second most fraud-prone industry sector behind communications, according to a global economic crime survey released last week by PricewaterhouseCoopers.