U.S. lawmakers moved Tuesday to force release of documents that may show whether the New York Federal Reserve pressured insurer AIG to limit discussions about payments to banks when current Treasury Secretary Geithner led the New York Fed. The Democrat …
Information about the American International Group bailout that regulators agreed to keep secret may reveal which banks held some of the worst performing mortgage-related securities at the time of the rescue. Reuters reported Monday that the Securities and Exchange Commission …
Grange Insurance, based in Columbus, Ohio, named Robert V. James, 55, as president and CEO effective Jan. 18. Retiring president and CEO Phil Urban will serve in an advisory capacity until Feb. 26 to ensure a seamless transition of responsibilities. …
C.M. Moore Insurance of Bowling Green and Al Torstrick Insurance of Lexington will be the first franchises in Kentucky for Keystone Insurers Group (KIG), the nation’s sixth largest privately-held property/casualty agency. The two firms become part of KIG’s network of …
U.S. regulators should investigate whether laws were violated when the New York Federal Reserve Bank urged insurer American International Group Inc. to limit discussions about payments to banks, a Republican member of the Senate Banking Committee said Tuesday. Republican Sen. …
A state audit of a Kentucky municipal association – the second in as many months – has found problems with compensation, spending, conflicts of interest and procurement matters including in the operation of the organization’s insurance services. State Auditor Crit …
Company Ransom “We have been duped into thinking that these AIG employees have some kind of secret code that no other employee could discover if they were hired to replace them and therefore they are able to basically hold the …
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WRM America, a New York-based specialty insurance and alternative risk management company, reports that Jeffrey S. Johnson has joined WRM America Indemnity Company (WRMAI) as regional marketing officer for the Midwest region. Johnson will be responsible for the planning and …
British insurance company Aviva PLC has agreed to buy all the shares in River Road Asset Management of Louisville, Kentucky. Aviva did not say what it is paying for the company, which has gross assets of $6 million and $3.6 …
