President Barack Obama’s pay czar Wednesday predicted the issue of hefty bonuses for AIG employees would end in March and denied a Republican claim that the firm outmaneuvered the Obama administration. “It ends this March with the last of these …
In the wake of massive ice storms that virtually shut down the state of Oklahoma in late January, Insurance Commissioner Kim Holland has declared a state of emergency that allows the commissioner to “license as an emergency adjuster” any resident …
The Obama administration’s latest spending plan calls for modest changes to the U.S. health care system but does little to incorporate sweeping moves called for Democrats’ larger plan to increase access and cuts costs. In releasing his fiscal 2011 budget …
Trade ministers expressed gloom on Saturday, January 30, about the prospects of concluding stalled global trade liberalization talks this year, with many blaming the United States for foot-dragging. Ministers from about 20 major economies held informal talks on the sidelines …
With plans to pass sweeping health care reform stalled in Congress, the White House is targeting smaller efforts to improve the nation’s health care system, such as increasing use of cheaper, generic medicines and boosting electronic medical records. The Obama …
President Barack Obama’s comments on increasing trade and doubling exports to boost the U.S. economy go in the right direction, the head of the World Trade Organization said on Thursday in Davos. Pascal Lamy, director-general of the WTO, told reporters …
Wall Street executives welcomed U.S. President Barack Obama’s plan to create jobs and a softening of his attack on banks, but questioned on Thursday whether proposals in his State of the Union address would become law. Obama pushed job creation …
U.S. Treasury Secretary Timothy Geithner flatly denied any role in counseling American International Group Inc. to keep quiet about payments it made to leading banks during a 2008 rescue of the stricken insurer. Geithner faces a grilling on Wednesday before …
Global business leaders warned Western governments on Wednesday that a populist crackdown on the financial industry could crimp a fragile recovery from the worst recession since the 1930s. The worried response to U.S. President Barack Obama’s plans to tax and …
Little Property Coverage “Haiti is the poorest country in the Western Hemisphere and poor countries tend to purchase very little property insurance coverage. The fact that there is very little information about Haiti’s private insurance market suggests that the market …
