Life insurers who are members of the American Council of Life Insurers had petitioned the agency to participate in the program in late October, but property-casualty insurers who are members of the

WASHINGTON--The Treasury Department told insurers last night that they have been ruled eligible for assistance under the Troubled Asset Relief Program if they have a federal regulatory link, such as a

WASHINGTON--Democrats have emerged from the election not only with control of the White House, but with a workable majority in Congress as they prepare to deal with a faltering economy and several insu

The $123 billion liquidity lifeline the federal government is providing to American International Group might not be enough to keep the company going given the credit crunch still hamstringing the

The insurance industry is split down the middle over whether to accept funds from the $700 billion federal bailout program, with life insurers intrigued by the idea, but property-casualty carriers

In comments at an international banking conference of international deposit insurers in Arlington, Va., yesterday, FDIC chairman Sheila Bair said that Congress is interested in a federal mechanism to

In comments at an international banking conference of international deposit insurers in Arlington, Va., yesterday, FDIC chairman Sheila Bair said that Congress is interested in a federal mechanism to

While there is plenty of blame to go around for the ongoing financial meltdown, two prime causes were unregulated insurance transactions by AIG in the form of credit default swaps, and a negligent