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On demands of accountability and oversight, the Fed chief said the AIG situation makes him angry, but justified the latest bailout move, saying the government needs to move aggressively to solve the economic crisis.
March 3 -
Just days after being downgraded by Standard & Poors, Lincoln National received a negative outlook from Fitch.
March 3 -
The goal is for every regulated financial institution to provide loss-event and tail data to regulatory authorities via an XBRL-based risk taxonomy.
March 3 -
Now on its fourth government bailout, the loan conditions for troubled insurance giant continue to grow more lenient.
March 3 -
The bank's executives are in talks with UK Financial Investments, which owns 43% of Lloyds, to secure taxpayer backing for more than £250bn of assets.
March 2 -
The rating agency took actions on Genworth Financial, Hartford Financial Services Group, Americo Financial Life & Annuity Insurance Co., Lincoln National, MetLife Inc., Pacific LifeCorp and Prudential Financial.
March 2 -
Privately funded StoneRiver comprises insurance, flood services, pharmacy, marketing and regulatory compliance divisions.
March 2 -
The loss in 2008 was driven by the P&C companies pretax operating loss, which was partially offset by income tax recoveries, the insurer says.
March 2 -
In the third version of the government's bailout of the firm, the Treasury Department will convert its existing $40 billion of preferred shares into new preferred shares that more closely resemble common stock.
March 2 -
On the eve of releasing what may be the largest reported fourth-quarter loss in history, AIG is expected to spin off up to 20% of its P&C business in an initial public offering, say sources.
March 1 -
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Vendors, government Web sites seek to apprise consumers of options.
February 27 -
The beleaguered financial giant may finally have found a buyer for some of its assets.
February 27 -
Federal Reserve Chairman says idea of an optional federal charter for insurance is worth considering.
February 27 -
A new survey suggests European insurers are smart asset gatherers, accounting for more than 27% of all assets under management and 41% of all institutional client assets.
February 27
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Vertafore will reorganize around market segments rather than products by creating three business units: agency markets, carrier & MGA markets and one separate Verafore Business, Sircon.
February 26 -
Lawmakers are asked to recognize the value of locally based financial institutions while rewriting regulations.
February 26
