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The price tag on American International Group's sale of its holdings in reinsurer Transatlantic Holdings Inc. has been put at $1.14 billion.

Prior calculations of the U.S. property-casualty insurance industry's ultimate exposure to asbestos claims have probably underestimated the amount by $10-to-$15 billion, an actuary predicted.

Property-casualty claims executives addressing top industry issues at a conference mentioned catastrophes, budget pressures, recruitment and regulation among key items.

IPC Holdings and Max Capital announced they will shell out some cash to sweeten their proposed merger deal in advance of a shareholder vote.

Remember the old ad campaign, "When E.F. Hutton talks, people listen," in which a crowded, noisy room would go so quiet you could hear a ...

Insurers of coastal properties can cut down their risk by inducing homeowners to strengthen dwellings and working to improve building and land use, a reinsurance expert suggested.

The U.S. property-casualty insurance market would be able to handle another Katrina-like event this year, and there is capacity to issue catastrophe bonds post-event, representatives from Swiss Re said.

The results are in. This year's Claim Professional of the Year is John Foster, VP of Claims at Farmers Alliance Mutual Insurance.