Litigation

American International Group said the sale of one foreign insurer and the initial public offering of a second have raised enough money to repay a line of credit it has with the Federal Reserve Bank of New York.

In an important ruling this summer, the Eighth Circuit Court of Appeals decided that an online marketing firm was entitled to defense cost coverage under two different types of liability policies for the same spyware download incident.

The New York State Insurance Department has released its circular letter providing guidance for its upcoming producer compensation disclosure regulation, but agent groups said questions still need to be worked out before the Jan. 1 implementation.

Cloud computing has become a vitally important part of the information technology landscape.

In an important ruling this summer, the Eighth Circuit Court of Appeals decided that an online marketing firm was entitled to defense cost coverage under two different types of liability policies for the same spyware download incident.

Zurich Financial Services Group said it earned $751 million during the third quarter as results were affected by a legal settlement involving its Farmers Group subsidiary.

The Target Markets Program Administrators Association is soliciting program administrators for its Target Markets Insurance Company.

Property and casualty insurers and reinsurers are mounting a full-court press in an effort to limit involvement by federal and international regulators on their business.