News about AIG broke fast and furiously last week, with questions raised about its reserve adequacy, deals closed to reduce its government debt, and an announcement that it had buried the hatchet with former CEO Maurice Greenberg. ...

AIG and former CEO Maurice R. “Hank” Greenberg have agreed to settle all outstanding disagreements, ending a bitter battle that ensued after Mr. Greenberg left the company in 2005 following an accounting scandal....

Thanks to changes supported by carriers and agents, most industry groups are now satisfied with legislation creating a Federal Insurance Office within the Treasury Department that was passed last week....

Legislation giving the federal government broad authority to deal with troubled financial institutions—including insurers—passed the House Financial Services Committee last week on a tight 31-27 vote....

Primary property and casualty insurers will need to increase rates in 2010 as they will continue to see poor returns on their investments next year, Swiss Re’s top economist predicts....

U.S. reinsurers saw a slight decline in net premiums written during the first three quarters of 2009, but the business they wrote was far more profitable, a Reinsurance Association of America survey has revealed....

Federal Reserve officials woefully underestimated the potential cost of bailing out American International Group, according to a report issued by the Office of the Special Inspector General for the Troubled Asset Relief Program....

Last month’s $16.5 million settlement in an employee benefits plan case may open the floodgates to suits alleging excessive 401(k) fees, and fiduciary liability suits related to Ponzi schemes are poised to climb as well....

Demand has been rising for employment practices liability insurance protection as layoff activity has sparked increased employee claims, an insurance brokerage expert warned....

Will nanotechnology be the next asbestos? Will it cause a similar flood of litigation and liabilities that have collectively cost companies hundreds of billions of dollars and driven many of them into bankruptcy?...

Nanotechnology is an emerging field with tremendous promise for producing new and innovative products that are safer, smarter and cleaner now and in the future. ...

Legal compliance is vitally important to organizations today, and “getting it right” from an employment law perspective is a business imperative....

As identity thieves continue to evolve their malicious craft, professionals in the risk management field are preparing for the implementation of the “Red Flags Rule.”...