Economy News

Chicago’s Mayor Hits AIG Bailout; Other Midwest Officials More Positive

Midwestern reaction to a proposed bail out of insurance giant American International Group (AIG) has been varied. In Chicago Mayor Richard Daley is not happy about the Federal Reserve Bank’s decision to provide an $85 million bailout of AIG. Daley …

Allianz Agrees to $2.5 Billion Investment in The Hartford

The Hartford Financial Services Group, Inc. announced that it will receive a $2.5 billion capital investment from Allianz SE. The agreement came after a tough week on Wall Street for The Hartford. It lost nearly $9 billion of market value …

Hank You Very Much

These are historic times. The country and the world are learning the hard way how intertwined the insurance industry is with the global economy. A respected private insurer — American International Group — called too big to fail had to …

Seattle To Provide Asian Communities With Fraud Prevention Tools

Washington Attorney General Rob McKenna and five interpreters are planning to help educate Seattle’s Asian communities about fraud prevention. McKenna’s office, the Asian Pacific American Resource Network (APARN), and the Asian Counseling & Referral Service (ACRS) have organized a Theft …

Hank You Very Much

These are historic times. The country and the world are learning the hard way how intertwined the insurance industry is with the global economy. A respected private insurer — American International Group — called too big to fail had to …

Louisiana’s Crops, Forests, Fisheries Suffered From Hurricanes

Louisiana agriculture, forestry and fisheries suffered an estimated $950 million in losses and damages from Hurricanes Gustav and Ike, according to the Louisiana State University AgCenter. The figure is expected to rise as loss calculations continue. Of the $950 million, …

Hank You Very Much

These are historic times. The country and the world are learning the hard way how intertwined the insurance industry is with the global economy. A respected private insurer — American International Group — called too big to fail had to …

Soft Market Challenges

Relationships, Recruiting, Training Key to Survival Soft market conditions could last for another nine months to five years, predict representatives from the agent, broker, carrier, reinsurance, and excess and surplus lines sectors of the insurance industry. “I anticipate that we …

Hank You Very Much

These are historic times. The country and the world are learning the hard way how intertwined the insurance industry is with the global economy. A respected private insurer — American International Group — called too big to fail had to …

Calif. Insurance Commissioner Considers 2010 Bid

California Insurance Commissioner Steve Poizner took an initial step toward seeking the Republican nomination for governor in 2010. Poizner filed papers with the Secretary of State’s office to form an exploratory committee as he considers entering the race to succeed …