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The decision was just one reaction to members' of Congress expressions of outrage over the lack of oversight by the government of bailout programs devised to save financial services industry
Fitch Ratings expects more downgrades than upgrades within each of the property-casualty sectors over the next 12-to-18 months, as core underwriting results fail to improve in 2009 and profitability
Economic turmoil and an increasing demand for coverage is prompting reinsurance sellers to hike rates, with double-digit price increases seen on average for U.S. risks as the Jan. 1 renewal season
New York-based Standard & Poor's changed its rating outlook for personal lines insurers to negative last month, indicating that ratings downgrades are expected to outpace upgrades over the next
Delivering bad news for directors and officers liability insurers who cover defendants in securities suits, studies show the number of class actions jumped 19 percent in 2008, and that large
The Toa Reinsurance Company of America, the Morristown, N.J.-based subsidiary of Tokyo-headquartered Toa Reinsurance Company Ltd., announced that Edward J. Stanco has been appointed as its chief
The firm, which provides mortgage, retirement income, life and long-term care, Medicare and supplement insurance products as well as related financial and wellness advisory services revealed the step
"Today we face a transformational moment," said Rep. Rosa DeLauro, D-Conn., chief sponsor of the Paycheck Fairness Act. "With a new Congress, a new administration, we have a chance to finally provide
While most IT professionals seem dead set against regulating the Internet in the same fashion as telecommunications and television, economic and ethical factors seem to point to the inevitability of
State-based insurance regulation has performed admirably through the U.S. economic crisis, and the turmoil in the financial markets should not be seen as a reason for implementing federal regulation
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