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WASHINGTON--A report today by the board overseeing the Troubled Asset Relief Program (TARP) shows that the value of the government's investment in American International Group declined 63 percent
A poll of insurance brokers in the third quarter of 2008 found that nearly 42 percent of firms responding had negative organic growth during the first nine months of the year, according to an
The Risk and Insurance Management Society commended the New York State Insurance Department for its proposed regulations governing producer compensation, but said it ultimately wants to see a ban on
NU will spotlight three organizations for their outstanding approach to workers' comp risk mitigation. Last year's winners were 2008 Champion Service Master, along with Honorable Mentions Walt Disney
While embedding enterprise risk management remains a challenge for insurers, large companies are further along, and those that are successful find ERM helpful in decision-making, according to a
As fears grow that economic conditions could spur fraud, a Florida official reminded the public that the state will reward a $25,000 bounty to anyone who turns in participants in an auto accident
For this year the company's outlook does not appear optimistic in the view of a rating service. Following the company's announcement, Moody's Investors Service downgraded The Hartford's long-term
With legal action heating up in the wake of Madoff pyramid scheme disclosures, a Washington corporate attorney said his firm believes that Madoff clients may recover "hundreds of millions" from their
WASHINGTON--Insurance should be federally regulated and Congress should create a common database of all financially related fraud enforcement actions, a private fraud investigator who attempted to
Swiss Re Group's announcement yesterday that it would secure $2.6 billion in capital from Berkshire Hathaway, in the wake of an $860 million loss last year, failed to keep one rating firm from
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