Reporting by Ben Berkowitz; Editing by Derek Caney, Dave Zimmerman The recapitalization of bailed-out insurer American International Group Inc. is likely to close next week, a person familiar with the matter said Friday, as AIG shares touched fresh highs on news it was getting closer to the deal. But the rally lost some steam by midday, as the prospect of a large share sale as soon as March revived... 

Business Insurance launched the Best Places to Work in Insurance program to identify and recognize high-quality workplaces in the commercial insurance industry. As employers compete for talent and strive to be an employer of choice, these companies are being honored for creating workplaces that do a superior jobs of encouraging employees to thrive in a workplace they can love. This year Business... 

By Cheryl Jensen The Insurance Institute for Highway Safety revealed on Dec 20th  its picks for the safest vehicles of 2011. Sixty-six models — including 40 cars, 25 sport utility vehicles and one minivan — earned the Top Safety Pick award. Only 27 vehicles received that distinction last year after the Insurance Institute added a roof-strength parameter to its test criteria. As 2010 progressed,... 

The earthquakes that devastated parts of Chile and New Zealand were the largest source of losses to the re/insurance industry in 2010, costing $8 billion and $4 billion respectively, according to a new report by Guy Carpenter. Also this year, of the eight catastrophes that individually caused insured losses of more than $1 billion, five were related to severe weather and storms in the US, Australia... 

Copyright: The Associated Press. All rights reserved. Source: Associated Press WASHINGTON_Wall Street executives said Wednesday they underestimated the severity of the 2008 financial crisis and apologized for risky behavior and poor decisions. They also defended their bonus and compensation practices to a skeptical commission investigating what caused the collapse. Americans are furious and “have... 

By Timothy F. Kirn December 11, 2009 A professor at the University of Illinois at Chicago says it would be feasible for insurance companies to offer divorce insurance. J. Christopher Westland, a professor of information and decision sciences, says he began sketching out the actuarial tables for such insurance as an exercise, prompted initially by watching a friend go through a messy divorce and its... 

By Rodd Zolkos What makes a company a great place to work? In the case of the 33 companies among Business Insurance’s 2009 Best Places to Work in Insurance, the answers go well beyond pay and benefits. The companies among this year’s 33 Best Places to Work in Insurance also earned high marks from their employees in areas such as leadership and planning, corporate culture and communications,...