Personal Lines

A new data aggregator estimated today that the insured loss from January's Windstorm Klaus that struck the heart of Europe was more than $2 billion, a lower figure than modelers have projected.

A National Association of Insurance Commissioners (NAIC) climate risk disclosure survey for insurers serves "nakedly ideological ends," an insurance trade group representative said recently in a published paper.

A letter from a congressional committee probing American International Group's use of taxpayers' bailout money reveals that a still-secret company restructuring plan has quietly involved U.S. banking officials.

Liberty Mutual Group reported first-quarter net income of $28 million, a 92.2 percent decrease from the $360 million in net income reported in the 2008 first quarter.

Hartford Financial Services Group Inc. posted a first quarter net income loss of $1.2 billion and said it will respond to the economic downturn by curtailing international sales and changing its variable annuities.

American International Group Chief Executive Officer Edward Liddy under threat of subpoena has agreed to appear before a House committee that wants to know if AIG will need more government bailout money.

Credit scoring supporters and detractors were making their arguments at a hearing today before the National Association of Insurance Commissioners.

Validus Holdings, in its continuing fight with Max Capital over who will acquire IPC Re, has filed a lawsuit that challenges aspects of the arrangement Max has made with IPC.