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WASHINGTON--Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee, voiced support yesterday for an optional federal charter for insurance companies, especially for life

Florida Chief Financial Officer Alex Sink announced she would suspend the license of new startup home insurer Peoples Trust for using call center personnel who were not licensed to sell insurance, a

Boston-based Liberty Mutual reported 2008 fourth-quarter net income rose 12 percent, or $49 million, to $474 million, and management attributed the insurer's positive financial result to an avoidance

Kevin McCarty, Florida Insurance Commissioner, speaking before the Florida Senate Ways and Means Committee, said there is a "cratering" of the financial sector due to the economic downturn, and

American International Group Inc. said it has issued 100,000 shares of stock to the U.S. Treasury as part of the previously announced arrangement to provide a 79.9 percent taxpayer ownership of the

The Dallas-based online insurance exchange reported average property-casualty rates decreased 8 percent over the month of February, one percentage point lower than the previous four months' 9 percent