Area insurance brokers were contacting their customers Wednesday following an announcement late Tuesday that the Federal Reserve Bank of New York would provide American International Group an $85 million emergency loan. "The repercussions of a bankruptc

WASHINGTON -- Citigroup agreed to buy Wachovia bank in a deal backstopped by taxpayers and brokered by the Federal Deposit Insurance Corp. to avoid another major corporate failure in the midst of the ongoing financial crisis.

Aug. 22 (Bloomberg) -- Insurance Australia Group Ltd. , which rejected a takeover offer this year, turned to a loss in the second half as new Chief Executive Officer Mike Wilkins wrote down his predecessor's U.K. investments.

Max Specialty Insurance Company has acquired Commercial Guaranty Casualty Insurance Company, an insurance entity licensed to write business in all 50 states of US plus the District of Columbia.

Carole Brown has rejoined American E&S Insurance Brokers as vice president and financial services broker. She will be working in the Vacaville, Calif., branch a