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"Over the past several months FGIC and its leadership team have made significant progress in FGIC's recovery and remediation efforts," said Thomas C. Wajnert, chairman of the board in a statement. "On
Mr. Kelly added that the society's action will assist in the critical need to increase minority participation in the ranks. He noted that only 1.9 percent of the society's nearly 28,000 members are Af
Mr. Kelly added that the society's action will assist in the critical need to increase minority participation in the ranks. He noted that only 1.9 percent of the society's nearly 28,000 members are Af
The Hamilton, Bermuda-based insurer said its estimate of the claims from Hurricane Gustav would amount to $25 million, and Ike would come in at $150 million. The figures are net of reinsurance and rei
Ronald E. Ferguson, the former chief executive of General Reinsurance, along with four codefendants convicted of securities fraud, committed crimes that qualify as high-level offenses subject to stif
At the same time, U.S. District Court Judge Christopher Droney in Hartford, Conn., ruled that the group will not have to pay restitution, which could have amounted to more than $500 million, because
In addition to the revenue pressures brought on by the nation's financial crisis, insurers face a policy and advocacy environment that is "the most challenging since the second World War," said David
To recognize agencies making the most innovative use of technology in selling and servicing commercial and personal lines, as well as group and individual life and health insurance, National
Independent agents will face a major new competitor next year after Marsh, one of the world's largest insurance brokerages, launches a new firm to pursue the bread-and-butter business of Main Street
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
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