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"This is not a decision we have taken lightly," said a Lloyd's representative, Thor Valdmanis. "But our discussions over the last six months have not produced any results, so this is the logical next
American International Group will pay a record $1.64 billion to settle state and federal charges of securities fraud, bid-rigging and failure to pay proper contributions to various state workers'
Critical votes are scheduled this week in the U.S. Senate on proposed legislation creating a $140 billion trust fund to handle asbestos claims, with important segments of the insurance industry
Fitch Ratings said American International Group Inc. and its subsidiaries will remain on rating watch negative following yesterday's announcement by the company of a $1.64 billion settlement with fede
Fitch Ratings said American International Group Inc. and its subsidiaries will remain on rating watch negative following yesterday's announcement by the company of a $1.64 billion settlement with fede
The Stamford, Conn.-based company also announced it was restating results from 2001 through 2004 along with the first three quarters of last year after an internal review of contracts with finite char
Boston-based CDS Business Mapping, an online property risk mapping company, announced today that nine states have been added to its routing technology that determines distance to the three closest fir
Overall, Bank of America property-casualty analyst Brian Meredith said the $1.1 billion after-tax negative reserve development along with the $1.64 billion settlement with state and federal authoritie
SunGard has introduced Protegent Surveillance, a solution that combines capabilities of SunGard's Protegent BrokerAudit and Synapse Surveillance products into a comprehensive compliance and
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