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Legislation that would create an Office of Insurance Information at the Treasury Department has been pulled off the floor in the U.S. House of Representatives, although the House did pass a measure to
A number of financial services associations, including several representing the insurance industry, have issued a joint letter to congressional leaders urging a long-term reauthorization of the Nation
For the second quarter of this year, New York-based MMC, the parent company of insurance broker Marsh and reinsurance broker Guy Carpenter, reported net income decreased 63 percent, or $112 million, c
An independent agent group does not foresee a "domino effect" from the AIG situation, while an insurance company association in favor of optional federal charters is calling for more effective regulat
The Center for Economic Justice (CEJ) has written a letter accusing the National Association of Insurance Commissioners (NAIC) of fostering a culture of lack of transparency and accountability to the
Newer homes and commercial buildings constructed to modern standards fared better in Hurricane Ike than older structures, but roof design still needs improvement, according to an insurance-backed rese
An insurance analyst, calling the meltdown of AIG a "staggering development," said the Federal Reserve Board statement that the carrier will pay off its federal loan from the sale of businesses sugges
Maurice "Hank" Greenberg, the former chief executive and brains behind the growth of American International Group, blamed the company's liquidity problems on management's failure to practice sound ris
A.M. Best Co. has downgraded the financial strength rating (FSR) and issuer credit rating (ICR) of Lehman Re Limited for the second time in a week, due to the status of its parent company, Lehman Brot
New York Insurance Superintendent Eric Dinallo will oversee a National Association of Insurance Commissioners task force created to expedite the approval of sales of American International Group asset
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