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In 2008, the captive insurance industry scored a big victory over the Internal Revenue Service. In February, the IRS withdrew a rule it had proposed
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EXTRAORDINARY TIMES can require extraordinary measures, and these are extraordinary times as the federal government directly or indirectly gains an e
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OTTAWA—A Supreme Court of Canada ruling favoring policyholders likely will result in insurers rewriting language commonly used in exclusion clauses o
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Property/casualty insurers slashed rates in all lines through most of 2008 as abundant market capacity spurred insurer competition despite mounting l
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American International Group Inc. was not the only insurer to suffer significant financial damage as a result of the economic downturn. AIG, of cours
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JANUARY Marsh Inc. overhauls its upper management for the second time in four months. The New York-based brokerage also reorganizes its global struct
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It was a trial involving astonishing charges filed against top executives working at two of the best-known companies in the insurance industry. Four
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The federal government's bailout of American International Group Inc. happened in the fall, but the implications of the bailout are likely to continu
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