Claims Managers ‘Don’t Like Ike’ as Losses from the Hurricane Pile Up on Top of Gustav’s Whatever goes around comes around, and in an election year it was almost inevitable that somebody would reintroduce legislation to “close the tax loophole” …
When the next hurricane or earthquake hits Hawaii, government disaster responders will be able to talk to each other and share data over a robust, digital microwave radio system. Lt. Gov. James “Duke” Aiona and U.S. Coast Guard officials who …
Shockwaves from the global credit crisis spread on Thursday, threatening industry and jobs worldwide and putting pressure on the U.S. Congress to finish up a $700 billion bailout of the U.S. financial sector. The fate of the rescue plan, passed …
Leaders in the U.S. Congress have deployed their best weapon for winning passage of a $700 billion financial industry bailout just weeks before the elections, attaching tax cuts to an otherwise bitter pill. The Senate aims to vote at some …
U.S. congressional leaders will try again on Friday to save a $700 billion Wall Street rescue plan after talks broke down in acrimony against the backdrop of the nation’s biggest-ever bank failure. As negotiations over the White House’s unprecedented bailout …
Democratic vice presidential candidate Joe Biden said Republican John McCain protected offshore tax shelters worth billions of dollars to U.S. insurance giants. In a trip to the battleground state 0f Virginia this week, Biden said McCain promised to oppose any …
As Losses Mount for Insurers, More Proposals for a National Solution Emerge Neither Gustav nor Ike walloped the property/casualty insurance industry the way Katrina did but there is still concern in insurance and reinsurance circles over the cumulative effect of …
A still-largely deserted New Orleans Tuesday prepared to take stock of damage from Hurricane Gustav after rebuilt levees appeared to hold off a repeat of the flooding caused by Katrina three years earlier. Gustav roared through the heart of the …
Efforts to overhaul U.S. financial regulation are seen gathering pace early next year, as a new Congress and administration seek to safeguard public money put at risk by recent rescue measures. The Federal Reserve’s extension of emergency credit to investment …
Warren Buffett said the U.S. economy is still in a recession and unlikely to improve before 2009 but that stocks appear better valued than a year ago. The billionaire investor also said there is a “reasonable chance” shareholders of Fannie …
