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Another name change for AIG's commercial and property-casualty sector, now going under the title "AIU Holdings," may be in the works.

Elizabeth A. Monrad, former Gen Re CFO, was sentenced last month to 18 months in federal prison for her role in a sham insurance scheme involving AIG.

Robert D. Graham, the former General Re Corp. attorney convicted in a scheme to manipulate American International Group financial statements, was sentenced in federal court today.

Arthur J. Gallagher & Co., reversing a $6 million loss for the period in 2008, reported first quarter net income of $26.4 million, helped by a strategy of acquisitions and cost cutting.

The Colorado State University forecast team predicts that a major hurricane hitting U.S. shores is better than 50 percent this year.

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

The Willis Group Holdings Ltd. brokerage said first quarter net income increased 15.7 percent to $192 million, which management attributed to stringent cost controls and the diversity of its operations.

U.S. federal securities class action suits rose 29 percent in 2008 over the previous year, fueled by the global financial crisis, according to a report by PriceWaterhouseCoopers.