Personal Lines

Coinciding with the nation's economic downturn there has been a clear increase in the number of questionable insurance claims related to possible fraud, according to a National Insurance Crime Bureau report.

American International Group said today that despite the ongoing investigations by federal authorities, they know of no illegal activity by the company's controversial financial products unit.

Even as Americans try to find ways to reduce insurance costs, they are maintaining essential auto and homeowners coverages, according to an Insurance Research Council report.

Wildfires, hurricanes, identity theft and floods. In most cases, these things just happen and can't be predicted. Disasters can strike anyone at any time.

The Florida House on Friday night approved and sent to the Senate a measure designed to beef up the finances of the state-created home insurer of last resort and the Florida Hurricane Catastrophe Fund.

While comparisons to mold and asbestos are inevitable, liability insurance exposures arising from the installation of tainted Chinese drywall in Southeast homes will not grow to asbestos-like proportions, legal experts predicted recently.

American International Group Inc. announced appointments today for two executives whom it said would have a major involvement in efforts to liquidate assets and restructure the firm to pay off government debt.

Chubb Corp. reported its first-quarter net income dropped 49 percent from the previous year, but the earnings were good enough to beat analysts' estimates by 5 cents a share.