Officials handling the multibillion dollar bailout of insurance giant America International Group Inc. mismanaged an initial rescue attempt and may have overpaid other banks to wind down AIG’s business relationships, a government watchdog says. The Federal Reserve Bank of New …
A socially conservative governor who has fought for years against gay marriage in Rhode Island has slightly softened his stance by suggesting he may back a domestic partnership system offering legal protections for same-sex couples. Republican Gov. Don Carcieri stridently …
Credit rating agencies, accused of assigning top ratings to shoddy securities, would be exposed to greater liability under a wide-ranging financial services reform bill released by a leading U.S. senator. The draft bill unveiled last Tuesday would give investors an …
The National Weather Service has issued a high wind warning for coastal areas of Washington State. The warning covers six areas: San Juan County, Whatcom County, Skagit County, the Adiralty Inlet area, the North Coast, and the Central Coast. The …
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Commercial Construction Liability Market Detail: Insurance Specialty Group presents PrimeSTARR, an ISO-based commercial construction general …
The following list is taken from the Insurance Journal Top 100 P/C/ Independent Insurance Agencies report published in Insurance Journal on Aug. 3. These agencies represent the leaders in total personal lines premium volume among the overall Top 100, which …
PersonalUmbrella.com of Emeryville, Calif., announced that American Alternative Insurance Corp. (AAIC) will be the insurer of its online personal umbrella program. AAIC is a subsidiary of Munich Re America Corp. and an affiliate of Munich Reinsurance America Inc. The company …
Bailed out insurer American International Group Inc’s global property-casualty division, Chartis, has not seen an exodus of employees because of pay limits imposed by Washington, the unit’s chief financial officer said on Thursday. Robert Schimek praised AIG Chief Executive Robert …
The swift acquittal of two Bear Stearns executives in the government’s criminal case tied to the financial meltdown likely will force prosecutors to rethink the evidence they planned to present in a raft of cases that have yet to go …
New York-based program manager Irwin Siegel Agency Inc. (ISA) says it has added several new eligible classes to its worker’s compensation program for the social services, small business and healthcare industries. The coverage, which is available as a stand-alone policy …
