Washington-- The Senate voted today to again extend borrowing authority for the nearly bankrupt National Flood Insurance Program up to $21.2 billion to cover the costs of claims relating to Hurricane K

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' comp

The Risk and Insurance Management Society Inc. (RIMS) said it will hold a March 22 forum to discuss improvements in business practices and will invite leaders of the world's largest insurance companie

With the Jan. 1 reinsurance renewal season proving something of a disappointment, insurance industry eyes are now on April 1, when a significant portion of the Japanese risk renews, said one leading p

Marsha Harrison, regulatory affairs counsel for the National Association of Mutual Insurance Companies, said "the proliferation of NAIC databases undertaken without regard to cost, duplication or conf

The London-based insurance brokerage firm reported net income dropped $48 million in the fourth quarter, going from $108 million, or 65 cents a share, to $60 million, or 38 cents a share. Revenues dec

Supreme Court Justice Herman Cahn permanently enjoined Starr Technical Risks Agency, Inc., part of C.V. Starr, from interfering with current business relationships between American International Group

The administration's position was made known in the wake of last night's 98-1 vote to approve debate on the measure, a tally signaling it has gained enough momentum to have a good chance of passing t