Former AIG Chief Executive Officer Maurice “Hank” Greenberg has sued the U.S., claiming the government illegally took equity in the insurer.

The former head of the Federal Reserve Bank of New York was cited in earlier testimony as responsible for setting an interest rate of 14 percent.

The Fed wanted to get control of AIG quickly due to concerns an attorney for the insurer might try to re-negotiate the rescue terms.

Starr International's lawsuit challenges the 2008 bailout of the insurer, arguing that the Federal Reserve Bank of New York's assumption of AIG stock violated shareholders’ rights.

Collected information would enable further exploration of areas of concern raised by commenters during the proposal stage of the revised regulatory capital framework rulemaking.

Former chairman and CEO claims bailout trampled the rights of shareholders, denying them more favorable terms offered to banks and other companies.

Insurance brokerage intends to expand the Algentis platform for a national rollout by adding it to a broader network of carriers and employee benefit solutions.

Legislation distinguishes between the banking and insurance markets; industry groups express support.

The measure would let the Fed treat insurers such as Prudential Financial and MetLife differently than big banks in imposing safeguards demanded by Dodd-Frank.

Ride-share companies would have to provide at least $200,000 of insurance when a driver is on duty and $1 million of coverage when the driver has picked up a customer.

Kevin Counihan, the head of Connecticut’s state-run exchange will join the Centers for Medicare and Medicaid Services as CEO of the Marketplace.

The state lobbed the case against Oracle and five executives including President and Chief Financial Officer Safra Catz two weeks after the company sued Oregon over $23 million in unpaid bills

The latest version of the firm’s risk and capital management decision-making application is designed to enable insurers to better understand the drivers of risk, assess options and deploy capital efficiently.

AIG, Amica, Legal & General and 8 other insurers among the finalists for the awards honoring best practices in insurance industry IT initiatives and strategy.

CEO Steven Kandarian, who last month announced the insurer’s first stock buyback since 2008, says it’s hard to commit to additional repurchases as he awaits clarity on U.S. capital oversight.

Insurer looks to ComplianceCourier to help centralize and automate the access control process.

By limiting subsidies to the state exchanges, the government was providing the incentive needed to get all 50 states and the District of Columbia to go ahead and create those exchanges.

The latest version of financial modeling application can help P&C insurers model their businesses quickly and accurately; different editions can grow to meet evolving business and regulatory requirements.

The insurer will use ARC Logics’ regulatory change management, risk assessment and Sarbanes-Oxley Act compliance functions.

The new app will support industry reporting to European regulators.