Obama administration officials denied that American International Group had "outmaneuvered" them on bonus payment issues, and said if a proposed tax on large banks is enacted, it will ensure the bonus payments are recouped.
The White House is voicing support for a Senate proposal that would impose a tax on health insurance plans valued at $25,000 or more as a means of helping pay for health care reform.
The Obama administration has advised a key congressional panel that it "strongly opposes" adding windstorm coverage to the National Flood Insurance Program.
In addition to announcing Mr. Wolin's move, the Hartford named two of its senior property-casualty executives--Juan Andrade and Jonathan Bennett--as interim co-leads of p-c operations. They will
Neal Wolin, president and chief operating officer of the Hartford Financial Services Group's property-casualty operations--who previously worked with the administrations of Presidents George H.W.
A top U.S. Treasury official made clear that establishing an Office of Insurance Information within his department is merely an interim step, and that the Bush administration's "intermediate"
WASHINGTON--A top Treasury Department official made clear yesterday that establishing an Office of Insurance Information within the Treasury Department is merely an interim step, and that the Bush admi
The American Insurance Association, in a statement praising the Bush administration, said remarks by officials that they will continue to pursue free trade agreements this year are "encouraging" becau
In a statement of administration position released late yesterday, the administration said it "strongly opposes" the "Homeowners Defense Act of 2007," H.R. 3355. "Accordingly, if H.R. 3355 were presen