Barack Obama News

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Andrew Fotopulos has joined Starkweather & Shepley Insurance Brokerage Inc. in Providence, Rhode Island as senior vice president. Fotopulos will lead the brokerage’s financial institutional practice. He will focus on providing specialized risk coverage designed for insuring financial institutions and …

People

Juan Andrade and Jonathan Bennett have been named as interim co-leads of the Property and Casualty Operations of The Hartford. Their appointment to those interim positions follows the departure of Neil Wolin, president and chief operating officer of the The …

People

America First Insurance, a Liberty Mutual Agency Markets regional company based in Richardson, Texas, appointed Stephen Stricklen assistant vice president, Specialty Products. In this position Stricklen will manage the company’s new Farm & Ranch Division, as well as its rural …

Hope, Straight Talk and Despair Amid the Ruins

Obama to the Rescue; Hartwig on the Banks; Davos Devotees Duck Blame for instigating the current economic mess starts with the banks. Munich Re’s recent webinar gave Dr. Robert P. Hartwig, president of the Insurance Information Institute, a chance to …

U.S. Regulator Sees Future Role for Mortgage Insurance Industry

The main regulator for Fannie Mae and Freddie Mac Thursday said he sees a future for mortgage insurance companies that underwrite many loans for the two mortgage finance giants. “They’re very important,” James Lockhart, chief of the Federal Housing Finance …

Chicago’s 2016 Olympic Game Plan Includes $1 Billion Financial Safety Net

Chicago touted its financial strength in its 2016 Olympic bid Friday, with organizers saying they have at least a $1 billion safety net if the games exceed an estimated $4.8 billion price tag. Chicago is competing against Tokyo, Madrid and …

Kentucky Ice Storm Death Toll at 35; Early Losses at $130 Million

Kentucky officials say the Jan. 27 storm that blanketed the region with ice and snow has taken 35 lives. About 769,000 customers lost power at its peak, and almost 50,000 are still without power. The state has received a major …

Alaska Attorney General Resigns

Alaska Attorney General Talis Colberg’s resignation has brought out in the open what’s been simmering since Gov. Sarah Palin returned from the presidential campaign trail — the lingering hard feelings in the state Capitol. But politicians disagree on the source …

Feds OK Exemptions from Stricter Anti-Lead Toy Safety Rules

Librarians, clothing makers, craft sellers and thrift-store owners received a reprieve Friday from federal regulators who moved to quell confusion over a new product safety law. The Consumer Product Safety Commission issued what amounts to temporary exemptions to a new …

Panetta Resigns Zenith National Board to Head CIA

Property-casualty insurance company Zenith National Insurance Corp. said that board member Leon Panetta has resigned to become director of the U.S. Central Intelligence Agency. President Barack Obama chose Panetta, a former chief of staff to President Bill Clinton and a …