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... 

Many of our readers are already asking how they should go about protecting their iPad once they’re able to purchase one. Considering that consumers will be paying between $499 and $829 for their iPad, and the portable (and thus heavily handled) nature of the iPad, most iPad owners want to be confident that their investment will be protected in the event of an accident. Although Apple’s... 

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 Janet Tobiassen Crosby, DVM Shopping for health insurance, whether for humans or pets, is confusing. So many options. So many exclusions. We can’t predict the future — what plan will best suit our needs and grow with us? Asking questions is the first step to ruling out plans that won’t work and finding plans that will. Assistance with finding a health plan that offers the best... 

By Barbara Crews You’ve spent years and a lot of money on your collection – but have you thought about insurance? What happens if something happens to your collection? What happens if a natural disaster strikes, will your insurance cover the loss of a collection? What about a simple case of clumsiness? Will your current insurance cover accidental breakage of a single piece or two? Unfortunately... 

By Sam Costello For small, expensive, often-dropped devices like cell phones, insurance is becoming an increasingly common add-on purchase. After all, if you spent $300-$400 on a phone, what’s another $50 to ensure that it will keep working for the life of you cell phone contract? Not from Apple or AT&T That thinking – and fear of needing to extend cell phone contracts to get new phones... 

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...