The comments were made at a hearing before the House Financial Services Committee on how financial regulation should be restructured to reflect the lessons learned from the current meltdown of financi
New York Insurance Superintendent Eric Dinallo echoed an earlier pledge during a Senate hearing last week to regulate part of the credit default swap market, while endorsing a more "holistic"
Florida Insurance Commissioner Kevin McCarty ordered a reduction of workers' compensation premiums yesterday of 18.6 percent, exceeding the rate reduction of 14.1 percent filed by the insurance indust
At a meeting with its financial advisors on Tuesday, the fund's Advisory Council was told that its total reimbursement capacity was estimated at $13.2 billion for a 12-month period and $11.8 billion i
WASHINGTON--New York State Superintendent of Insurance Eric Dinallo echoed an offer by New York Gov. David Paterson's to regulate part of the credit default swap market at a Senate hearing today, but a
WASHINGTON--New York State Superintendent of Insurance Eric Dinallo echoed an offer by New York Gov. David Paterson's to regulate part of the credit default swap market at a Senate hearing today, but a
WASHINGTON--The Financial Services Roundtable, a consortium of financial services companies, issued a call yesterday for an optional federal insurance charter and other policy proposals before a meetin
American International Group, even as its financial situation became risky, doled out millions in bonus money and ignored concerns voiced by regulators and auditors, according to material revealed at
A Florida lawmaker who voted to create the task force examining Citizens, the state's home insurer of last resort, urged participants at the group's first meeting to focus on business rather than poli
In a letter sent to Treasury Secretary Henry Paulson, Edward Liddy, AIG chairman and chief executive officer, said the event had been mischaracterized as an "executive retreat" during a hearing