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New York's action by its Democratic executive branch is a reversal of policy. In 2000, when the insurance department was in the hands of Republicans, it ruled that all credit default swaps were not in
And, in concluding his prepared statement, Secretary Paulson said, "When we get through this difficult period, which we will, our next task must be to address the problems in our financial system thro
Amid fear and trembling over a warming planet, it seems the British have provided some data that indicate a cooling trend, at least for this year. Get the latest on the global warming rollercoaster at
WASHINGTON--State insurance legislators and regulators meeting here rejected comments made by U.S. Treasury Secretary Henry Paulson attacking state insurance regulation in the wake of the American Inte
The new chief executive officer of American International Group said within 10 days or less he hopes to list some company units for sale and complete some transactions as the firm acts to pay off an $
Mr. Hughes will also become executive vice president, Agency Markets. Ms. Reynolds, who also held the positions of chairperson and chief executive officer of Safeco, will be leaving the organization a
"It is incumbent on our industry to acknowledge the changing climate and the risks it poses to the business community and to ensure that policymakers consider measures for adapting to, and mitigating,
In this role, Mr. Garceau will assume leadership responsibility for all operations of the business unit, including finance, strategic planning, and business model development and implementation, the c
Previously, he was president and chief executive officer of The Schinnerer Group, a subsidiary of Marsh & McClennan Companies. There, he ran Victor O. Schinnerer & Company Inc. and ENCON Group Inc., t
Beazley Group plc, Lloyd's syndicates, announced it has acquired London-based Momentum Underwriting Management Limited, a personal accident and life underwriting management agency, in a transaction wo
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