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Bogged down by liquidity problems, the giant New York company last week secured an $85 billion federal loan in exchange for the government taking an 80 percent interest in the firm and an ouster of it
Comments by the Council of Insurance Agents and Brokers and the American Insurance Association were made at a session in Washington where the International Trade Commission took testimony on "Property
Moody's Investors Service has affirmed the ratings of Liberty Mutual Group Inc. and its subsidiaries following the completion of the company's $6.2 billion acquisition of Safeco Corporation. The ratin
WASHINGTON--Congress is likely to extend the current National Flood Insurance Program without changes until next April 30 before it leaves at week's end, according to insurance industry lobbyists and a
WASHINGTON--The Securities and Exchange Commission is investigating insurers, as well as other financial institutions and rating agencies, for their role in securitizing subprime loans, SEC Chairman Ch
WASHINGTON--American International Group's new Chief Executive Edward Liddy told insurance regulators today that the company's insurance units are sound and some may be sold off to satisfy the governme
Brian Gray, chief underwriting officer of Swiss Re, offered the assessment of the market as the reinsurer announced its expected losses from Hurricanes Gustav and Ike. "The combination of this year's
"Oracle Insurance helps insurers improve business agility through an end-to-end software offering that manages the entire enterprise--from technical infrastructure to core insurance processing," the co
WASHINGTON--The effort by U.S. Treasury Secretary Henry Paulson to blame the events that led to the federal takeover of American International Group on state insurance regulators is improper and mislea
The plan was adopted by the Reinsurance "E" Task Force and was due for adoption by the full "E" Committee tomorrow. If it is adopted at the "E" Committee, it will go to the NAIC's executive committee
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