Risk Management

Congressman Elijah E. Cummings, D-Md., reiterated a demand that American International Group Chief Executive Edward Liddy resign in the wake of a disclosure yesterday that Mr. Liddy has a substantial interest in Goldman Sachs.

The president and chief executive officer of Colorado's state-chartered workers' compensation insurer has vowed publicly to increase lobbying efforts to defeat measures proposed by state lawmakers to "raid" $500 million of his operation's assets.

A House committee is demanding information on whether American International Group used government money to hire outside public relations help to wage campaigns against critics of the government bailout of AIG.

Loosening credit markets have boosted the Florida Hurricane Catastrophe Fund's anticipated post-event bonding capacity by an additional $5 billion, easing the shortfall in projected claims-paying ability for the fund, a FHCF spokesman said.

Florida lawmakers' moves to provide a federal backstop to the state's severely underfunded Hurricane Catastrophe Fund are running into strong headwinds.

The Obama administration might compromise on its goal of a "public" option for health care insurance by considering proposals allowing private insurers to run such a program, a key presidential adviser said today.

President Barack Obama said the bailout of American International Group was necessary to prevent an economic meltdown of the financial system but added he shared the exasperation many feel over the move.

Financially troubled Bermuda-based surety insurer Syncora Holdings Ltd. has been delisted from the New York Stock Exchange and will no longer file as a publicly traded company, the firm announced.