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Tower said it expects to record an other-than-temporary impairment and take a non-cash charge to earnings during the third quarter totaling $2.1 million, net of tax, for bonds issued by Lehman Brother

The Federal Reserve Board said yesterday it has authorized a transaction that will provide American International Group with an additional $37.8 billion in credit on top of the $85 billion already ext

MULTICO-Online, a new Web-based comparative rater developed by rating technology company MULTICO Rating Systems Incorporated, is the result of more than two years of development and represents what

In a letter sent to Treasury Secretary Henry Paulson, Edward Liddy, AIG chairman and chief executive officer, said the event had been mischaracterized as an "executive retreat" during a hearing

Small business owners are not fully aware of the financial risks involved in obtaining workers' compensation insurance through self-insured groups, according to a new survey by a Nevada-based comp ins

WASHINGTON--Former American International Group Chairman Maurice "Hank" Greenberg defended his stewardship of the company from afar yesterday, telling a House oversight committee in written testimony t