American International Group announced it is moving forward to make its property casualty unit, AIU Holdings, an independent entity by transferring the company to a special purpose vehicle.

The move sets …  Read →

A Long Beach, N.Y.-based insurer has had its outlook raised to “positive’ by a ratings service, which says its corrective actions are working.

A.M. Best Co. has revised the outlook from …  Read →

State regulators and American International Group could reach a settlement by June over an investigation into workers’ compensation premiums.

The multi-state examination, conducted with the help of a National Association of …  Read →

Noting its adequate risk-adjusted capitalization, A.M. Best has affirmed the ratings of Bridgewater, N.J.-based Allstate New Jersey Insurance Group and its members.

The ratings agency affirmed the insurer’s financial strength rating …  Read →

Independent insurance agents and brokers are responsible for $6 of every $10 of overall property-casualty premium revenue, according to an annual state of the independent agent system report from the …  Read →

The personal lines segment of the property-casualty market appears to be stable after a rocky 2008.

A.M. Best Co., a ratings service, said it continues to maintain a “stable” outlook for …  Read →