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MBIA, the nation's largest bond insurer, based in Armonk, N.Y., announced last week that it would attempt to raise $750 million through the offering. The firm said that it sold 94.6 million shares of
The Independent Insurance Agents & Brokers of America said U.S. Sen. Susan Collins, R-Maine, is scheduled to address its members during the organization's April Legislative Conference and Convention i
The organization said it is bringing together a variety of national presenters to help agents understand the real-time revolution underway in the independent agency system. Real time provides a single
Wolters Kluwer Financial Services today announced the release of NILS INcompass, a workflow tool that helps compliance and legal professionals monitor and implement ongoing regulatory changes within
The Oldwick, N.J.-based rating firm said the financial strength ratings of "A-plus (Superior)" and issuer credit ratings of "aa-minus" of most of AIG's domestic property-casualty subsidiaries, as
A.M. Best Co. said yesterday that it has placed the financial strength rating and issuer credit ratings of American International Group's domestic life and retirement services subsidiaries under revie
CCG provides employee benefit brokerage and consultative services including association benefit programs, group plans, custom communication pieces, human resource consulting services and flexible spen
Bond insurer Financial Guaranty Insurance Company, partly owned by private-equity power Blackstone Group, asked New York's regulator for approval to divide into two firms after Moody's Investors Servi
The decision replaces the current structure where board members serve up to three years before re-election. Current board members will stand for annual elections as their existing three-year terms exp
Testifying before the Capital Markets Subcommittee of the House Financial Services Committee, Mr. Spitzer said if the added funds don't materialize, the state will force the insurers to split their he
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