Regulation/Legislation

American International Group Chairman and Chief Executive Officer Edward Liddy told a congressional panel today he hopes AIG can repay all money owed the government within three-to-five years.

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.

The investigation of February's Colgan Air crash that killed 49 persons in Buffalo, N.Y., highlights the importance of pilot training in aircraft insurance policies, according to a legal expert.

American International Group's game plan going forward is to establish "separate identities" for its "best businesses" and to shut down its financial products unit, company Chairman and CEO Edward Liddy is expected to tell a House panel tomorrow.

Property-casualty insurers will emerge from the recession with a distaste for equity investments and a renewed focus on underwriting, a leading insurance economist advised an industry group here.

The National Conference of Insurance Legislators announced it has written Congress advising that proposals for financial services regulatory reform should involve state and federal regulators as equal partners.