An unusual alliance of insurance and environmental groups is urging lawmakers to focus on policies that encourage property mitigation and environmental protection in catastrophe-prone areas, rather than expanding the government’s flood insurance or “bailing out” Florida’s catastrophe plan. The coalition, …
The Bank of England denied a report in the Financial Times on Saturday that it was proposing using public funds to make mass purchases of mortgage-backed securities in order to ease the credit crisis. “Central banks, including the Bank of …
Shares of bond insurers rose sharply Thursday on hopes the sector could receive support from a possible bailout orchestrated by New York insurance regulators. Shares of Ambac Financial Group Inc. rose $1.49 (euro1.02), or 10.9 percent, to $15.19 (euro10.36) in …
For Louisiana Gov. Kathleen Blanco, the train often appears to leave the station with her jumping on the caboose. She frequently is late to take positions on issues gathering political steam and regularly latches onto popular issues only after legislators …
A proposed $35 million bailout of the public school teachers health-insurance program ran into resistance in the Arkansas Senate, which recently voted delay any decision on the measure. Senators voted 18-15 to put off until March 31 the main vote …
California Insurance Commissioner John Garamendi recently authorized an emergency bailout of the California Insurance Guarantee Association (CIGA), the industry fund on the brink of collapse due to the numerous insolvencies of workers compensation carriers in California over the past few …
Korean officials announced that progress had been made in negotiations with a consortium headed by American International Group concerning the purchase of three deeply indebted Investment companies controlled by the Hyundai Chaebol for around $1 billion. The deal, announced last …
A $7.1 billion bailout for American farmers hurt by depressed crop prices was approved Thursday by Congress. If approved by President Clinton, as is expected, the bill would make federal crop insurance cheaper and easier for farmers to buy. The …
