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By Laura Mazzuca Toops, PropertyCasualty360.com |
May 17, 2012
Once upon a time, both banking and insurance were synonymous with security, stability and strength. For banks, that image has been tarnished by risky schemes like that perpetrated by JPM.
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By Karen Freifeld, Reuters |
May 16, 2012
Bond insurer MBIA Inc's restructuring during the financial crisis must be annulled because it was based on bad information, a lawyer for banks challenging the restructuring said on Tuesday.
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By Elizabeth Festa, Arthur D. Postal PropertyCasualty360.com |
May 3, 2012
Insurance companies that own or operate a savings & loan will face fresh oversight from the Federal Reserve Board, which is creating a process by which to examine those financial institutions that have significant banking assets.
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By Arthur D. Postal, PropertyCasualty360.com |
April 13, 2012
Federal Reserve Board Chairman Ben Bernanke characterized American International Group as part of a “shadow banking” system that played a key role in the catastrophic economic downturn of 2007-2009.
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By Arthur D. Postal, PropertyCasualty360.com |
November 1, 2011
A new Government Accountability Office report about the federal rescue of American International Group shows there was vigorous debate about whether the Federal Reserve should provide assistance to the insurer, and what the state-level and international implications would have been should the government not act.
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By Damion Walker |
August 11, 2011
Looking back on the global political and economic events of the last decade, the pace of change has increased tenfold. Now the question becomes, what will be the next event of global proportion?
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By Damion Walker |
July 21, 2011
Given today’s uncertainties, how do risk managers mitigate political and economic risk for companies conducting or planning to conduct business on a global scale?
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By Joan E. Collier, PropertyCasualty360.com |
April 22, 2011
Read fresh information and recaps of this month's news about Florida's people, places, and products.
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By Associated Press |
March 23, 2011
Japan's government said the cost of the earthquake and tsunami that devastated the northeast could reach $309 billion, making it the world's most expensive natural disaster on record.
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By Arthur D. Postal, PropertyCasualty360.com |
January 27, 2011
The Financial Crisis Inquiry Commission placed American International Group at the “center” of the financial crisis that started in 2008 and continues to bedevil the country.
