Yielding to congressional demands, American International Group Inc. yesterday revealed the U.S. and foreign financial institutions to which it paid taxpayer bailout money, announcing that it now
Although commercial insurers continued their six-year trend by cutting rates during the fourth quarter of 2008, a pair of surveys suggests a reversal may soon be underway as the global economic
Stanford Law School's Securities Class Action Clearinghouse has counted 200 securities class-action lawsuits in 2008, up from 173 in 2007 and 115 in 2006, a rising trend that is blamed on the economy and weighed on insurers. During the first
Commercial property-casualty insurance rate decreases showed definite signs of leveling off in the fourth quarter of 2008, according to the Council of Insurance Agents & Brokers' Commercial P/C
WASHINGTON--The Federal Reserve Board of New York has named three trustees, including Jill Considine, a former New York banking commissioner, to control the government's 79.9 percent share of American
Speaking during an Ernst & Young teleconference, "Financial Crisis And The Insurance Industry," Robert W. Stein, global director of Actuarial Services, Ernst & Young LLP, said weaker companies will li
Speaking during an Ernst & Young teleconference, "Financial Crisis And The Insurance Industry," Robert W. Stein, global director of Actuarial Services, Ernst & Young LLP, said weaker companies will li
The Council of Insurance Agents & Brokers released its third-quarter 2008 Commercial P-C Market Index Survey today saying that for small and midsize accounts, there are suggestions that pricing levele
According to Burma Campaign, in 2003 British American Tobacco pulled out of Burma after receiving similar requests from the British government and Premier Oil eventually pulled out of Burma in 2002 af
Jacques Aigrain, Swiss Re chief executive officer, said in a statement that the difficult market environment had created "new opportunities" and the company announced it was buying Barclays Life Assur