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It all started about four months ago with a letter from my bank offering to refinance our home.We crunched the numbers, and with interest rates ...

A key congressman asked U.S. banking officials to investigate whether foreign institutions received preferential treatment by having their counterparty claims against AIG paid off while U.S. banks were asked to accept pennies on the dollar.

Loss battered Swiss Re announced today that it has named a new chief operating officer and plans to trim more than 1,000 jobs from its global workforce and close some offices.

Former American International Group Chief Executive Officer Maurice Greenberg arrived here to tell a House panel how the government should fix AIG and heard a congressman call him the wrong witness because of his legal problems.

Proceeding as planned and selling the company at this time "would bring the government only pennies on the dollar for their investment in AIG," Greenberg, the former chairman of AIG, New York,

Legislation to impose some federal regulation on insurers and create a federal insurance charter mechanism has been introduced by two House members who said the American International Group meltdown underscores the need for their measure.

Boston-based technology solutions provider AgencyPort Insurance Services Inc. said it has formed a partnership with RiskMeter Online, an online application used to automate property risk evaluation reports. Terms of the deal were not released.

Elizabeth A. Monrad, the former chief financial officer for Gen Re, was sentenced today to 18 months in federal prison for her role in a sham insurance scheme involving American International Group.