The European Commission approved on Thursday Belgian State guarantees intended to facilitate the financing of Fortis Bank. “The Commission found the aid to be in line with its guidance communication on state aid to overcome the current financial crisis,” the …
The Treasury Department said it is working with the Federal Reserve on a plan to make access to credit easier for small businesses. Maintaining that illiquidity in the asset-backed securitization market is affecting the availability of car loans, student loans, …
New York Department of Insurance has this advice for insurers in the Empire State: Stop canceling homeowners’ policies simply because a house in unoccupied. That announcement came in the form a circular letter – essentially, an advisory bulletin to insurers …
The Maryland Automobile Insurance Fund (MAIF) has withdrawn its filing to reduce its private passenger automobile insurance rates, according the Maryland Insurance Administration. The MAIF filed a plan back in June to lower rates by 5 percent – a move …
Beacon Marketing – “Helping to guide your prospecting needs to new destinations” Orange, CA – November 19, 2008: With the current economic conditions, a lot of agencies have had to reduce and/or cut out their marketing budgets for 2009. If …
The United States said this week that it has embarked on a new strategy with China to ensure that products imported into the U.S. are safe. Worries about the quality of Chinese exports to the U.S. have become a major …
Victor K. Fung, Chairman of the International Chamber of Commerce (ICC), has welcomed the statement from the G20 Summit, held on 15 November in Washington, DC for the significant initiatives agreed by the attending leaders to achieve “an ambitious and …
In testimony today before the House Committee on Financial Services in Washington, D.C., D. Cameron Findlay, executive vice president and general counsel of Aon Corp., urged the U.S. Department of Treasury to address what he said is a primary cause …
U.S. Treasury Secretary Henry M. Paulson, Jr. told members of the House Committee on Financial Services that there is “no playbook” for dealing with the current financial crisis and defended the government’s recent emphasis on deploying capital to troubled financial …
Laying the groundwork for the coming legislative session, Oklahoma state Rep. Mark McCullough recently presented a workers’ comp reform proposal to business leaders that he believes will drive down costs while improving worker benefits. “My plan would dismantle our lawsuit-based …
