sharia insurance News

XL Group has launched Shariah compliant insurance cover for large corporate and middle market clients. Initially it will focus on property cover, with a maximum capacity of up to $300 million. The coveragevfinacntargets markets worldwide, with the exception of the …

A federal judge in Michigan has dismissed a lawsuit challenging the bailout of American International Group on religious grounds. An Ypsilanti man claimed the United States should not have bailed out AIG because the insurance giant sells international financial products …