On the heels of the New York Federal Reserve obtaining shares of two American International Group subsidiaries, one U.S. senator wants a clearer picture of how the troubled insurer plan to repay taxpayers.

American International Group has completed a pair of transactions to reduce its debt with the Federal Reserve Bank of New York by $25 billion.

A New Jersey Supreme Court has upheld a lower court’s ruling that the state’s Personal Injury Protection, or PIP, medical fee schedule is appropriate.

Senate Democrats have unveiled a comprehensive financial reform bill, calling for “responsibility and accountability” in the financial sector through several provisions, including those affecting the insurance industry.

American International Group is working to spin off its property-casualty insurance business and has renamed it Chartis.

Chartis, whose predecessor, AIU Holdings, was profitable last year, is a separate entity, owned …  Read →

Thirteen insurance trade groups are urging Congress to exclude all lines of insurance from the Consumer Financial Protection Agency recently proposed by President Barack Obama and the U.S. Treasury Department.

Advocates …  Read →

American International Group plans to conduct initial public offerings for two of its international life insurance franchises in hopes of using the proceeds – an estimated $25 billion – to …  Read →

A collective of insurance trade groups joined credit information and economic experts seeking to promote to state regulators the benefits to consumers when they use credit-based insurance scoring, even in …  Read →

ANNAPOLIS – Law students and civil rights activists endorsed a bill Tuesday (March 10) that would require insurance companies to report pre-1865 slaveholder insurance policies in order to do business …  Read →