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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 -
The state of health care is changing. Insurers need to change with it and develop ways to connect with health care providers.
March 1
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Hammering out a deal between carriers and vendors can be a doubled-edged sword, but done correctly, the benefits outweigh the costs.
March 1 -
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When it comes to replacing legacy claims systems, carriers have many options large and small.
March 1 -
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Going paperless produces numerous benefits, but it takes time and many small steps.
March 1
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The time is now for innovation, but many insurers find it very difficult to translate ideas or pilot projects into tangible results.
March 1
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Carriers are moving to modern billing systems to differentiate themselves in the marketplace.
March 1 -
Despite challenging market conditions, forward-looking insurers should consider the merits of core system investment.
March 1
