Former regulators and legislators have created a new committee aimed at putting pressure on Washington officials to continue focusing on statutes aimed at reducing systemic risk in financial markets.
Large lobbying expenditures by P&C insurance companies in 2011 predictably focused on catastrophe issues and on pursuing legal reform, according to data released by SNL Financial.
Steve Larsen, a deputy administrator at the Department of Health and Human Services, and an instrumental part of the senior leadership team implementing the Patient Protection and Affordable Care Act, has resigned.
Two major loan facilities that enabled American International Group to ride through a Force 5 financial typhoon have been fully repaid, the Federal Reserve Bank of New York announced late Thursday.
Two major loan facilities that enabled American International Group to ride through a Force 5 financial typhoon have been fully repaid, the Federal Reserve Bank of New York announced late Thursday.
With President Obama signing a 60-day National Flood Insurance Program (NFIP) extension bill on May 31, a lapse in the program has been avoidedbut industry officials are wasting no time looking to the next phase and calling on the Senate to act on a five-year extension.
With President Obama signing a 60-day National Flood Insurance Program (NFIP) extension bill on May 31, a lapse in the program has been avoidedbut industry officials are wasting no time looking to the next phase and calling on the Senate to act on a five-year extension.
Lawyers for Maurice Hank Greenberg, the former chairman and CEO of AIG, argue in a court filing that the Federal Reserve Board did not have unlimited powers when it moved to aid AIG in late 2008 and that some of its actions breached its duty to AIG shareholders.