Compliance

The council today also heard a presentation from the Commodity Futures Trading Commission on activity in the Treasury futures market the morning of Oct. 15, the Treasury Department said in a statement.

Subsidiaries American Life Insurance Co. and Delaware American Life Insurance Co., solicited business in New York without a license and made misrepresentations to the state watchdog, according to the Department of Financial Services.

Once a given, the adoption of a single set of accounting standards for the insurance industry is on hold.

The measure is calculated by dividing total qualifying capital resources by required capital at group level, defined by applying 15 factors to different types of activities such as life insurance or banking activities.

The government-managed insurer, based in Sacramento, is working to build credibility with institutional investors to expand its borrowing capacity.

Combining Perspecsys Cloud Data Protection and ClaimVantage Claims Processing provides insurers with a secure infrastructure for claims automation.

Federal health insurance exchange's performance should reflect major improvements over last year

Starr alleges in its shareholder suit that the U.S. didn’t have the authority to demand 80 percent of AIG’s equity in consideration for a loan and didn’t pay a fair price for the stock it took.

Starr International claims the government illegally took equity in the insurer, and that the 14 percent on an $85 billion rescue loan was an “extortion rate.” Starr is seeking at least $25 billion in damages.

Geithner is scheduled for a third day of testimony and will be followed by another architect of the bailout, Ben Bernanke, the former chairman of the Federal Reserve Board of Governors.

Former AIG Chief Executive Officer Maurice “Hank” Greenberg has sued the U.S., claiming the government illegally took equity in the insurer.

The former head of the Federal Reserve Bank of New York was cited in earlier testimony as responsible for setting an interest rate of 14 percent.

The Fed wanted to get control of AIG quickly due to concerns an attorney for the insurer might try to re-negotiate the rescue terms.

Starr International's lawsuit challenges the 2008 bailout of the insurer, arguing that the Federal Reserve Bank of New York's assumption of AIG stock violated shareholders’ rights.

Collected information would enable further exploration of areas of concern raised by commenters during the proposal stage of the revised regulatory capital framework rulemaking.

Former chairman and CEO claims bailout trampled the rights of shareholders, denying them more favorable terms offered to banks and other companies.

Insurance brokerage intends to expand the Algentis platform for a national rollout by adding it to a broader network of carriers and employee benefit solutions.

Legislation distinguishes between the banking and insurance markets; industry groups express support.

The measure would let the Fed treat insurers such as Prudential Financial and MetLife differently than big banks in imposing safeguards demanded by Dodd-Frank.

Ride-share companies would have to provide at least $200,000 of insurance when a driver is on duty and $1 million of coverage when the driver has picked up a customer.