U.S. Treasury News

Starr Receives Listing as Approved Surety from U.S. Treasury

Starr Companies has received approval from the United States Department of Treasury to list Starr Indemnity & Liability Co. as an approved surety. The Treasury listing enhances Starr Financial Lines’ Crime & Fidelity product offerings. With the Treasury listing, Starr …

AIG Reports Q2 Profit Increases; Insurance Units All Gain

American International Group reported a larger profit for the second quarter on Thursday, as tax benefits boosted results and operating income grew across the company’s varied insurance businesses. The company also reported more than $11 billion in liquidity at the …

Treasury Seeks Comments on Improving Insurance Regulation

The U.S. Treasury Department’s Federal Insurance Office is seeking public comment for its report on how to improve the country’s insurance regulatory system. The study is mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act. The study aims …

No Raise for AIG Chief Benmosche, Others at Bailed Out Firms

Compensation packages for the chief executives of bailed-out firms American International Group, Ally Financial and General Motors will not increase in 2011, the Treasury Department said late Friday. The Obama administration’s pay czar has reviewed the packages for the top …