Corporations and their directors and officers are living in fear. Fear of the next financial scandal, the next stock market plunge, the next lawsuit. Fear of bankruptcy. Fear of angry policymakers inside Washington and angry citizens outside their homes. It’s …
The Texas House of Representatives has passed a bill that will allow small businesses to claim state franchise tax exemptions for income up to $1 million, at least temporarily. House Bill 4765, joint-authored by Ken Paxton (McKinney), Bill Callegari (Katy), …
The California Department of Insurance has released its 2008 operational review of the State Compensation Insurance Fund. In response to the report’s findings, Insurance Commissioner Steve Poizner said more issues must be resolved, and that SCIF needs to “move expeditiously” …
The Colorado General Assembly, which adjourned yesterday, took a commonsense approach to insurance-related legislation during its 2009 Session, according to the American Insurance Association. Bills of primary concern to the AIA included HB 1344, SB 246, SB 61 and SB …
American International Group, Inc. (AIG) today reported a net loss for the first quarter of 2009 of $4.35 billion compared to a net loss of $7.81 billion in the first quarter of 2008. The loss was less than the $5 …
Raleigh, North Carolina-based commercial insurer Builders Mutual is launching a training program for builders that the insurer hopes will help them survive and thrive in today’s economy. Participants in the course, called “Building for the Future,” will learn survival skills …
The current economy has many Americans shying away from buying new cars and hanging on to their cars longer than in years past, a new trend that could affect insurance and vehicle safety considerations. A new poll from R. L. …
The United States needs a council of regulators to oversee threats to the financial system, in addition to a regulator to supervise the largest financial institutions, the head of the U.S. Federal Deposit Insurance Corp said. In testimony prepared for …
“Piracy in the Gulf of Aden and off the coast of Eastern-Africa is increasing. By the end of April there had been 79 attempted and completed hijacks by Somali pirates this year,” notes an article on the Lloyd’s of London …
Most thought it was a good idea but nobody said it would be easy. When American International Group (AIG) announced it was going to separate and rebrand its U.S. and foreign insurance operations as an independent entity using the name …
