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Massive government spending to support financial institutions is threatening "precarious fiscal positions" in the United States and other countries, according to the 2009 Global Risks Report by World

With the government already getting into every other industry--from insurance (AIG), to banking (Citigroup), to auto manufacturing--why shouldn't the National Association of Insurance Commissioners get

During a session of the Professional Liability Underwriting Society International conference held in San Francisco earlier this month, George Gowen, a member of Cozen O'Connor in Philadelphia,

Its action came, Citigroup said, after ACE's disclosure that its exposures from premiums and claims from variable annuity contracts reinsuring Guaranteed Minimum Death Benefits (GMDB and Guaranteed Mi

Unprecedented banking and financial company failures and hastily arranged buyouts by regulators to avoid insolvencies have left the financial markets reeling.

During part four of RIMS' "Risk Management Strategies in an Unsettled Financial Market" webinar series, Keith Walsh, equity research analyst at Citigroup, made the case that signs are pointing to a pr

The acquisition by Wells Fargo & Company of Wachovia Corp., which secured Federal Reserve approval last week, puts the company on track to be the fourth-largest insurance broker in the United States,

WASHINGTON--The Financial Services Roundtable, a consortium of financial services companies, issued a call yesterday for an optional federal insurance charter and other policy proposals before a meetin