A $400 million bond issue offering by Marsh & McLennan Companies Inc., the parent firm of Marsh insurance brokerage, has been rated "Baa2" (adequate).
The Independent Insurance Agents & Brokers of America announced its upcoming Young Agents Breakfast & Presidents' Panel in Washington will feature a discussion with insurance executives on the state of their industry.
Anti-fraud groups are slamming a budget-cutting scenario put out by Florida Department of Financial Services that would eliminate all seven of the state's insurance fraud prosecutors.
As the current economic turmoil leads to an escalation of lawsuits against directors and officers, one expert is warning that a new variety of D&O liability claims may be created related to government bailout efforts.
American International Group appears oblivious to the fact that as the poster child for the bailout generation, doing business as usual undermines public support for its rescue and threatens its long-term future.
There is little if any risk of an intense hurricane striking New York City and flood hazard maps are flawed when it comes to predicting the potential risk for flooding in the city, a catastrophe modeler declared at a conference here.
There is no evidence AIG is engaged in predatory pricing of its property-casualty business, the U.S. Government Accountability Office and Pennsylvania's insurance commissioner told Congress last week.
Attending the annual conference of the Captive Insurance Companies Association in Indian Wells, Calif., last week, I was relieved to see that even in these ...
There is now a large combine of states investigating the details of American International Group bonus compensation for executives, a spokesman for the New Jersey State Attorney General's Office said yesterday.