The Federal Reserve Bank of New York said on Thursday the last of its loans made to acquire risky assets from AIG and Bear Stearns during the financial crisis have been paid off with interest. The Fed bank acquired the …
Last week’s deal by Prudential Financial to take on $26 billion of the retirement liabilities of General Motors has reignited a part of the American insurance market that had been bouncing along the bottom in recent years. But experts in …
When people think of hurricane damage they usually think of Miami or New Orleans, but a new report suggests the greatest financial risk of all may be much farther north: the greater New York City area. Data analysis firm CoreLogic …
Executives at financial firms would no longer be able to buy insurance to protect themselves against compensation clawbacks or civil penalties under legislation introduced on Wednesday by U.S. Representative Barney Frank. The bill, Frank said, is aimed at protecting the …
MetLife Inc. will change `its product mix in the United States and push harder for growth in international markets to substantially boost returns by 2016, the largest U.S. life insurer said on Wednesday. MetLife also said it had received two …
Warren Buffett tried to allay fears of Berkshire Hathaway Inc shareholders about the company’s future after he was diagnosed with prostate cancer, and revealed that he recently tried to make one of the biggest acquisitions of his storied career. The …
Federal officials are putting fresh pressure on Congress to take action on the National Flood Insurance Program, whose authorization expires at the end of this month, one day before hurricane season begins. The NFIP has been a political football in …
Warren Buffett is not one to talk much about his personal life in public, but his prostate cancer may dominate the conversation this weekend when his conglomerate Berkshire Hathaway convenes its annual shareholder meeting. The event dubbed “Woodstock for Capitalism” …
U.S. military personnel have 13 percent more car accidents in which they are at fault in the six months after returning from overseas duty than in the six months prior, a USAA study revealed on Tuesday. USAA, a major insurer …
Nearly three in four corporate risk managers are not buying insurance policies to cover data breaches and damage to customers’ privacy despite the rising threat of hacking, according to a survey released on Monday. Not only are most North American …
