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2 Mar 2009, 6:15 am
Repayment of the FRBNY credit facility: AIG will transfer to the Federal Reserve Bank of New York (FRBNY) (or to a trust for the benefit of the FRBNY) preferred interests in American Life Insurance Company (ALICO) and American International Assurance Company, Ltd. [read post]
2 Mar 2009, 5:58 am
AIG recently posted Frequently Asked Questions regarding recent news and American General Life Insurance Company. [read post]
1 Mar 2009, 9:00 pm
Clearly this idea will provoke very heated debates, because it basically threatens to eliminate insurance companies. [read post]
25 Feb 2009, 8:00 am
—Each TARP recipient shall establish a Board Compensation Committee, comprised entirely of independent directors, for the purpose of reviewing employee compensation plans. (2) MEETINGS. [read post]
15 Feb 2009, 2:38 am
We are afraid that sooner or later legislators will begin to figure out that our members own many of the insurance companies that insure doctors and that the reason for the recent significant increases in malpractice premiums was the failure to have reasonable rate increases during the 1990s, based on the mistaken assumption that our companies would continue to earn high levels of investment income. [read post]
9 Feb 2009, 7:24 am
" The American Council of Life Insurers said it has never had a quarrel with legitimate settlements. [read post]
6 Feb 2009, 3:54 am
"From the American Association for Justice news release. [read post]
4 Feb 2009, 7:44 am
Twenty years ago a pension fund or insurance company selling annuities could invest at 3.5% real yield to maturity on an entirely risk-free basis; now only 1.5%: any products which appear to add 10, 20 or 30 basis points to that yield without adding too much risk look very attractive. [read post]
28 Jan 2009, 3:03 am
This updates our December 22, 2008 posting.On January 16, 2009, American Equity Investment Life Holding Company (“American Equity”) issued a press release announcing that it, together with a coalition of insurance companies and independent marketing organizations, filed suit in the U.S. [read post]
27 Jan 2009, 12:30 am
2nd Circuit: Disabled Attorney Entitled to Fees for 10-Year Fight for Benefits
New York Law Journal
Bad faith by an insurance company means that a lawyer injured while on a business trip will receive attorney fees incurred during the 10 years he fought for long-term disability benefits. [read post]
26 Jan 2009, 3:51 am
.* SCOTUS docket here* Noted here: Business Insurance; Adjunct Law Prof; New Haven Register; The DartmouthFederal Appellate Court Decisions* Paul Mollica's Daily Developments in EEO Law here4th Circuit* Belyakov v Leavitt, No. 07-2140 (4th Cir. [read post]
26 Jan 2009, 1:54 am
" The American Banker article also specifically notes that similar problems indirectly led to the failure of PFF Bancorp, the banking company noted above as having been sued in 2009. [read post]
22 Jan 2009, 2:06 am
"[T]he risk of injury can be insured by the manufacturer and distributed among the public as a cost of doing business. [read post]
15 Jan 2009, 10:15 pm
One of the nation’s largest health insurers was accused of overcharging millions of Americans for healthcare. [read post]
15 Jan 2009, 5:53 am
The following minimum rating from the following rating agencies: Standard & Poor’s (BBB-), Fitch (BBB-), Moody’s (Baa3), AM Best (B+); A bank account in foreign currency “linked” to SUSEP with a minimum of US$ 1 million for life reinsurers or US$ 5 million for general reinsurers; A local representative office in Brazil that acts as an independent entity or branch of the company, with a head of the representative office that meets the… [read post]
8 Jan 2009, 3:29 pm
American Empire Ins. [read post]
6 Jan 2009, 5:24 am
Establish an independent institute to guide reviews and research on comparative effectiveness, so that Americans and their doctors will have accurate and objective information to make the best decisions for their health and well-being. [read post]
23 Dec 2008, 1:15 pm
Insurance giant American International Group Inc., which has received about $150 billion in bailout money, has one of the largest fleets among bailout recipients, with seven planes, according to a review of Federal Aviation Administration records. [read post]
23 Dec 2008, 5:47 am
Imparato's message for structured settlement professionals: involve yourselves at the local level with independent living centers. [read post]
22 Dec 2008, 8:06 am
During a year in which the DOJ's reputation suffered several black eyes, Fine emerged as a beacon of nonpartisanship and independence. [read post]
