(Hartford Business Journal) – Despite a 90 percent decline in profits through the first three quarters of 2008, property and casualty insurers have outperformed several other financial sectors, according to Bob Hartwig, president of the Insurance Information Institute. Hartwig, who delivered a state of the insurance industry address at the state Capitol last week, said […]

(BBC NEWS) – It would allow banks who pay a fee to have their bad loans underwritten by the taxpayer up to a certain level. BBC business editor Robert Peston says the move is designed to avert a further loss of confidence ahead of gloomy results expected from the big banks. Treasury officials and bank […]

(AIG Commercial Insurance) – AIG Commercial Insurance will service all casualty insurance coverage for the public sector through its Lexington Insurance Co., the insurer announced. Specifically, effective as of Jan. 1, 2009, Lexington’s Casualty Division will manage the public entity commercial umbrella and excess casualty portfolio of AIG Specialty Excess, a division of AIG Excess […]