Allstate Insurance Co., as it pushes for a statewide property insurance–rate hike of 44.4 percent, has hired a law firm that employs Mississippi’s former top insurance regulators.
BlackRock Inc., the world’s biggest money manager, was hired by state insurance regulators to assess the industry’s potential losses from holding commercial mortgage-backed securities.
By Jeff Harrington, Times Staff Writer Friday, September 3, 2010 State insurance regulators on Friday approved double-digit rate increases for homeowners covered by Allstate's Florida subsidiary, the Castle Key Group. The Florida Office of Insurance Regulation approved an average increase of 18.7 percent for Castle Key Insurance policyholders and an average increase of 17.8 percent for Castle ...
India's insurance industry is set for a makeover as it seeks to survive and grow in a changed environment that dawned on September 1. With a three-month spat over who will regulate unit-linked insurance plans (Ulips) settled, the Insurance Regulatory & Development Authority (Irda) in July announced sweeping changes to the way insurance companies do business.
Federal bank regulators on Wednesday defended their actions leading up to the collapse of Lehman Brothers and the purchase of Wachovia at the height of the financial crisis before members of an inquiry panel who criticized government oversight of the banks.
U.S. bank regulators pinned their hopes on Wednesday on new powers to avert another round of bailouts should crisis strike the handful of mega-firms now even larger than those previously considered too big to fail.
U.S. banking regulators see new powers under the Dodd-Frank financial reform law helping avoid a repeat of 2008's frenzied sale of Wachovia and the wreckage that followed the collapse of Lehman Brothers.
HELENA - Banks from Billings to Bozeman to Helena have been hit hard by the declining economy and banking regulators have stepped in, in many of these cases to ensure Montana's money is safe.
The Missouri Department of Insurance joins state's suit against the Wentzville-based, service-contract marketer
New powers from the financial reform law will help avoid a repeat of 2008's frenzied sale of Wachovia and the wreckage that followed the collapse of Lehman Brothers, U.S. regulators said on Wednesday.
US Regulators, Former Lehman CEO Clash At Hearing
US regulators see Dodd-Frank help on systemic risk
The staunchest opposition to a universal fiduciary standard that would put clients’ interests first isn’t from securities brokers. It’s from insurance agents, comments to the Securities and Exchange Commission show.
Rate will jumps 18 and 19 percent Homeowners' insured by Castle Key Insurance Company and Castle Key Indemnity will see higher rates effective Nov. 28, under a plan state regulators disclosed Friday.
U.S. lenders posted their biggest quarterly profit in almost three years, even as the number of banks at risk of failure rose to 11 percent of insured institutions, the Federal Deposit Insurance Corp. said.
U.S. federal bank regulators on Wednesday defended their actions leading up to the collapse of Lehman Brothers and the purchase of Wachovia at the height of the financial crisis before members of an inquiry panel who criticized government oversight of the banks.
The Federal Deposit Insurance Corp.'s new power to take over and liquidate nonbank companies whose failure would jeopardize the financial system is intended as a "third way" between bankruptcy and bailout. But the prospect of a new regime for dissolving megacompanies -- one with almost no judicial oversight and in which creditors' rights are few -- is sending shockwaves through the bankruptcy ...
All too frequently today, regulatory agencies -- themselves unregulated -- have become more and more aggressive. Many who are unjustly accused just give up, pay the fine and move on. ... Late last month, Alliant Insurance Services launched The Agricultural Regulatory Services, or TARS, a legal defense insurance policy that offers California farmers up to $250,000 in coverage to fight accusations ...
[AAP] - Federal bank regulators are defending their actions leading up to the collapse of Lehman Brothers and the purchase of Wachovia at the height of the financial crisis.They are telling the Financial Crisis ...
Federal Reserve Chairman Ben S. Bernanke said the central bank and other regulators could have done a better job tackling mortgage and banking risks that helped precipitate the worst financial crisis in seven decades.
