What the Financial Crisis Commission Concluded About AIG’s Failure January 27, 2011 The taxpayer bailout of giant American International Group (AIG) became necessary largely because of AIG’s poor risk management of its...
P/C Insurers Like Some of Obama’s State of Union Promises January 27, 2011 Property/casualty insurers found things to like in President Obama’s State of the Union speech that was largely focused on the...
Divided Financial Crisis Panel Spreads the Blame January 27, 2011 By Dave Clarke and Kevin Drawbaugh A deeply divided U.S. investigative panel issued a scathing critique of the culture of deregulation championed by Former Federal Reserve...
Democrats Vow to Pursue Oil Spill Liability Bill January 26, 2011 By Ayesha Rascoe U.S. Democrats Wednesday pressed for new legislation aimed at preventing a repeat of last year’s massive BP oil spill, as...
National Underwriter, Summit Media File for Bankruptcy January 26, 2011 By Andrew G. Simpson Summit Business Media and its affiliates including The National Underwriter insurance publisher have filed for Chapter 11 bankruptcy to address...
Boehner to Address Agents Before D.C. Lobbying Day January 26, 2011 House Speaker John Boehner (R-Ohio) will give the keynote address to members of the Big “I” during the group’s annual...
Hiscox USA Expands Direct, Online Coverage for Small Businesses to NY, Fla. January 26, 2011 Hiscox USA has expanded its small business insurance offering direct and online to professional services businesses with 10 employees or...
Lexington Introduces LexAir Transport Rx for Hospital Aviation Risks January 26, 2011 Lexington Insurance Co., a Chartis company, has introduced LexAir Transport Rx, primary aviation liability insurance that is specifically designed for...
Investors Accuse Bank of America’s Countrywide of Massive Fraud January 25, 2011 Bank of America Corp.’s Countrywide mortgage unit has been sued by investors claiming they were victimized in a ‘massive fraud”...
Poll Finds Americans Oppose Defunding Healthcare Law January 25, 2011 By Susan Heavey Most Americans do not want Congress to block funding for various new healthcare measures even as the nation remains split...