North Dakota Rep. Earl Pomeroy, who has been mentioned as a potential president of a Washington organization that represents life insurance companies, said he would not accept the position. “If they offered me the job, I would decline. I am …
U.S. Rep. Earl Pomeroy of North Dakota is not seeking the presidency of a Washington lobbying group for life insurers, a spokeswoman said, although an industry representative called the North Dakota Democrat a “natural” candidate for the job. The American …
Government approval for billions of dollars in taxpayer bailout funds for life insurers is dividing the industry into haves and have-nots, with Ameriprise Financial Incand possibly others rejecting the government’s helping hand. The sector’s finances have improved during months of …
The nation’s insurance industry found some things to like and not to like in Treasury Secretary Timothy Geithner’s proposed restructuring of financial services regulation. While Secretary Geithner said that any federal regulatory authority should not replace state regulation of insurance, …
Evan Greenberg, Ace Limited’s CEO, chided insurers asking to take part in a plan that could see government take stakes in ailing financial institutions, saying the motivation is not real need but access to “cheap capital.” “Taxpayers should be a …
Property/casualty insurers Travelers Cos. Inc. and Chubb Corp. said they do not need federal financial assistance and chided other insurers pushing to be included in the $700 billion bailout. “Most companies in the P&C (property-casualty) industry are in a strong …
Two former governors urged the National Governors Association to back federal legislation that would implement an optional federal charter regulatory system in the insurance industry. “The success of the insurance industry, a major revenue producer for state governments, depends on …
Candidates hoping to challenge incumbents for three statewide offices in Oklahoma, including that of insurance commissioner, will face-off in primary elections on July 25. State Rep. Bill Case of Midwest City will meet Tahl Willard of Tulsa for the Republican …
NASD and the Minnesota Department of Commerce will co-host an Annuity Roundtable in Washington D.C. on Friday, May 5. Participants will include a cross section of federal and state regulators, securities firm and insurance company executives, and consumer groups. The …
More than a year after he resigned amid allegations of corruption in office, former Oklahoma Insurance Commissioner Carroll Fisher will go to trial Feb. 6 on the first of five criminal cases against him. Jury selection is scheduled on an …
