U.S. Federal Reserve Chairman Ben Bernanke Tuesday defended the government’s latest bailout of embattled insurer AIG, telling irate lawmakers that...
P&C Companies News
Michigan Gov. Jennifer Granholm’s call for auto insurance companies to freeze their rates has won over 12 companies thus far,...
Nebraska’s highest court will determine whether a state insurance guaranty fund must cover nearly $1 million in losses suffered by...
The American Insurance Association (AIA), National Association of Mutual Insurance Companies (NAMIC) and Property Casualty Insurers Association of America (PCI)...
Munich Re has dropped its medium-term earnings per share goal and declined to give a profit forecast for 2009 amid...
Maurice “Hank” Greenberg’s legacy as the man who built AIG into the world’s largest insurer was tarnished by a 2005...
A.M. Best Co. and Standard & Poor’s Ratings Services have both issued statements in relation to American International Group’s announcement...
A.M. Best Co. has downgraded the financial strength ratings (FSR) to ‘A’ (Excellent) from ‘A+’ (Superior) and the issuer credit...
A.M. Best Co. has downgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A+’ (Superior) and issuer credit ratings...
EU leaders backed a blueprint on Sunday for streamlining how banks are supervised designed to spot excessive risk earlier to...