Standard & Poor’s Ratings Services will hold a telephone conference call today, Thursday, Sept. 18, 2008, at 3 p.m. Eastern Daylight Time to discuss the recent credit events shaking the financial institutions sector. The call will include discussions of “the …
American International Group’s deal with the government is a bankruptcy liquidation in all but name, and the $85 billion it has borrowed may not be enough extra money to pay off all its obligations, particularly in its derivatives books. AIG …
The U.S. government is betting former Allstate chief Edward M. Liddy is the safest pair of hands to oversee the dismantling of American International Group Inc. and prevent further unraveling of the world’s stressed financial system. Liddy, 62, was the …
The crisis surrounding giant insurer American International Group has reignited the debate within insurance circles over whether state or federal regulation is preferable. The parent AIG got into trouble with credit transactions that were beyond the oversight of state insurance …
Jim L. Ridling began his new job as Alabama Insurance Commissioner on Sept. 15 under appointment by Gov. Bob Riley Ridling entered a management training program in 1967 with Fireman’s Fund Insurance. This lead to several management positions and culminated …
The Hartford Financial Services Group Inc. announced new appointments for three of its senior executives. Effective immediately, Dan Brown will take on the new role of senior vice president of Industry Markets; Juan Andrade will become executive vice president of …
Insurance rivals stand to reap the benefits from the woes of American International Group, snapping up assets AIG is forced to sell while gaining greater pricing power as AIG pulls in its claws. Zurich Financial Services and other insurance rivals …
The South Carolina Safe Home Hurricane Damage Mitigation Program has a new Web site. The new site, www.scsafehome.sc.gov, offers information about the damage mitigation grant program as well as information about the various retrofit measures homeowners can take to make …
Delaware’s Office of Highway Safety says 238 people have been charged with DUI since July at checkpoints across the state. On June 27, the state began enforcing DUI laws in a campaign scheduled to end after New Year’s Eve. Every …
A federal agency hit three construction firms with penalties totaling $313,500 on Monday for safety violations that led to a tower crane collapse that killed seven people in March. The citations by the Occupational Safety and Health Administration named Reliance …
