A federal judge in Illinois approved a $450 million settlement to resolve the under-reporting of American International Group’s (AIG) market share in the workers’ compensation market.

A group of seven North and South Carolinians were arrested Sept. 8 and accused of conducting a more than $100,000 insurance fraud scheme involving staged auto accidents.

A Southern California couple is suing their insurance company for fraud after it allegedly retracted its agreement to pay for $350,000 in damages to their home, ruined by fungus.

The insurance industry suffers from a poor public image, according to several property-casualty insurance executives, and that image problem is crippling its efforts to attract young workers.

The Independent Insurance Agents & Brokers of New York recognized six insurance companies as outstanding partners this year.

Safeco has launched a new Annual Auto product in Pennsylvania. The Annual Auto product is designed to boost retention by lessening the likelihood of customers shopping for a new policy, company officials said.

AIG/21st Century Auto, Allstate and Travelers were among the victims of an auto insurance fraud ring recently broken up by Georgia regulators.

Five people, including a former investment banker at Goldman Sachs & Co., were charged with tipping or trading on confidential information with respect to the sale last year of Safeco …  Read →

A coalition of 14 major U.S.-based insurance groups is touting the benefits of proposed legislation to close a loophole allowing foreign-based insurers to strip income into tax havens.

The Coalition For …  Read →