It’s a $150 billion gamble. That’s the size of the newly enlarged financial lifeline the U.S. government threw tottering insurance giant American International Group on Monday, expanding an aid package that’s gradually grown since it began as an $85 billion …
BrickStreet Insurance said it is looking to shed 50 employees in a move to cut costs following the loss of its monopoly in writing workers’ compensation insurance policies to West Virginia businesses. The action is expected to save $2 million …
Fear of conflict, instability, crime and increasing state intervention arising from the financial crisis might sound like good news for political risk consultancies that have sprung up in recent years — but in reality the industry is feeling the crunch, …
More than four in 10 Americans are worried that the current economic environment can expose their families to crime, according to a nationwide survey of 1,000 people. Many survey respondents also indicated that economic conditions are causing them to reduce …
American International Group, Inc. (AIG) today announced agreements with the U.S. Treasury and the Federal Reserve to establish a durable capital structure for AIG, and facilities designed to resolve the liquidity issues AIG has experienced in its credit default swap …
Workplace fatalities are declining in West Virginia, according to preliminary federal figures released Nov. 5. The numbers show a nearly 23 percent decline in workplace deaths between 2006 and 2007, the U.S. Department of Labor’s Bureau of Labor Statistics said. …
When the U.S. government took over mortgage giants Fannie Mae and Freddie Mac, taxpayers inherited more than just bad debts. They’re also potentially on the hook for tens of millions of dollars in legal fees for the executives at the …
U.S. President-elect Barack Obama’s credentials may be green, but gathering financial gloom means fixing the economy will take priority on his agenda before dealing with national carbon trading and clean-energy investment. Analysts and carbon brokers believe Obama’s support for an …
London-based Steamship Mutual, a leading P&I Club providing marine liability insurance worldwide, has announced a 17.5 percent standard increase in P&I premiums for 2009/10. The bulletin described the move as a “reaction to the extreme investment market volatility which is …
Political leaders urged U.S. President-elect Barack Obama on Wednesday to help forge a new economic order and lead the world out of its worst financial crisis since the 1930s. Excitement about the election of Democrat Obama as the first black …
