U.S. Treasury Warns Cyber Insurers Against Paying Ransomware Demands October 1, 2020 By Andrew G. Simpson The U.S. Treasury Department is warning that individuals or businesses that help facilitate ransomware payments may be violating anti-money laundering...
Employers Providing Paid Family Leave Qualify for Tax Credit September 25, 2018 The Treasury Department announced that as part of the 2017 Tax Cuts and Jobs Act, eligible employers who provide paid...
Prudential Will Appeal SIFI Designation; AIG, GE Will Not July 3, 2013 By Zachary Tracer and Tim Catts Prudential Financial Inc., the No. 2 U.S. life insurer, is contesting a U.S. finding that it poses a potential risk...
AIG Shares Fall Further, Put Pressure on Treasury May 10, 2011 By Ben Berkowitz and Clare Baldwin Later this month investors will get a chance to buy into the revived American International Group, but dreams of a...
Treasury to Name Federal Insurance Advisory Committee May 10, 2011 The Treasury Department has announced it will create a Federal Advisory Committee on Insurance. The committee will provide advice to...
Treasury Defends Dodd-Frank Reforms; Promises Insurance Expert Soon April 20, 2011 By David Lawder and Rachelle Younglai The Obama administration fired a fresh salvo at Wall Street Tuesday, telling critics of the U.S. financial reform law to...
UPDATE – Treasury Expects $6.3 Billion from AIG’s Metlife Share Sale March 3, 2011 By David Lawder and Ransdell Pierson American International Group sold $9.6 billion worth of MetLife Inc shares on Wednesday, producing gross proceeds of about $6.3 billion...
Geithner Argues Healthcare Repeal Bad for Business January 19, 2011 By Andrew G. Simpson Repealing the new healthcare law would be a setback for millions who have gained coverage and be bad for business,...
Agent Group Sounds Alarm Over Federal Insurance Study January 19, 2011 By Andrew G. Simpson Congress should refuse to fund a study of insurance regulation that the new Federal Insurance Office is supposed to conduct,...
AIG Recapitalization Deal Closes January 17, 2011 By Ben Berkowitz The recapitalization of bailed-out insurer American International Group Inc. closed last Friday, leaving the government with a 92 percent stake...