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Four trade groups representing large insurers have sent a letter to the House Financial Services Committee opposing changes to legislation creating a Federal Insurance Office.
Between June 1 and November 30, 2009, only nine named storms developed in the Atlantic basin, three of which became hurricanes. These are the lowest totals in each category since 1997.
The National Council on Compensation Insurance reported that injured workers in two states it analyzed stayed off the job longer when lost pay benefits were increased.
American International Group, Inc. announced it had completed two previously announced transactions to reduce the debt AIG owes the Federal Reserve Bank of New York by $25 billion.
Insurance Information Institute said the U.S. hurricane season that ended Monday was the calmest in 12 years with only three Atlantic basin hurricanes.
American International Group and its former chief executive Maurice R. "Hank" Greenberg have agreed to settle all outstanding disagreements between the two.
The latest government study on Chinese drywall has revealed a "strong association" between the drywall and corrosion in homes that may physically irritate their residents.
There is no way the Liberals in Congress--particularly in the Senate--can possibly get a health care reform bill passed that includes a public option of any kind, says NU Editor In Chief Sam Friedman in his blog today at www.NUSamSoapbox.com.
An analyst's report sent American International Group's stock tumbling downward today as the analyst said the company will have an $11 billion reserve deficiency by the end of this year.
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