Had the U.S. government not taken action to bail out AIG, it would have proven to be an economic catastrophe for the nation, said Treasury Secretary Timothy Geithner and his predecessor, Henry Paulson....

The only way taxpayers are going to get repaid for their bailout of AIG is for Washington to radically renegotiate the terms of the deal, says AIG’s former CEO Maurice Greenberg....

Property and casualty insurers could easily be trapped in the “wave of political populism” sweeping the country in the wake of the nation's economic and leadership crises, an insurer association leader warned....

House Democrats are planning a vote this week on legislation that would repeal exemption from federal antitrust laws under the McCarran-Ferguson Act for health and medical malpractice insurers....

Premium rates for commercial property and casualty insurance continued to fall in the fourth quarter of 2009, the latest Market Index Survey by the Council of Insurance Agents and Brokers found....

This year’s insurance market prices should remain soft but relatively stable, just as they were in 2009, officials from Marsh predicted in a report released last week....

Merger and acquisition activity among insurance brokerages in 2009 dropped 40 percent over the previous year due to a generally tough economic environment and other factors, an investment banker reported....

Like the rest of the commercial insurance sector, the market for errors and omissions coverage to protect agents and brokers continues to show signs of softening. ...

If any agents or brokers doubt how expensive the simple act of not documenting a client’s requests can be, all they need do is review a recent case in California where one brokerage is facing a $5.8 million judgment....