Multi-line Insurance

The Federal Reserve on Wednesday will have to disclose details about emergency loans made during the 2007-2009 financial meltdown, including who borrowed how much and what collateral was offered in return. The findings, which must be revealed in accordance with a deadline set by a wide-ranging...

According to an estimate released by the Congressional Budget Office (CBO) on Monday, the $700 billionTroubled Asset Relief Program (TARP), which was initiated two years back to rescue the nation's financial industry, will cost taxpayers much less than anticipated. The CBO now anticipates the...

According to an estimate released by the Congressional Budget Office (CBO) on Monday, the $700 billionTroubled Asset Relief Program (TARP), which was initiated two years back to rescue the nation's financial industry, will cost taxpayers much less than anticipated. The CBO now anticipates the...

Moving ahead with its capital restructuring, American International Group Inc. (AIG) finally entered the debt market yesterday, two years after the company was bailed out in 2008, as it intends to vend off $2.0 billion of bonds in two parts. The company has filed a regulatory prospectus for the...

Recently, Merit Medical Systems (MMSI) received approval from the US Food and Drug Administration (FDA) for the phase III clinical trial protocol to treat primary liver cancer with QuadraSphere microsphere for delivery of doxorubicin. The approval is significant since the late-stage study in...

American International Group, Inc. (NYSE: AIG) and Fortress Investment Group LLC (NYSE: FIG) announced today that certain Fortress managed funds acquired 80% of American General Finance Inc., a leading provider of consumer credit, from AIG. AIG retained a 20% interest in the AGF business.

Eastern Insurance Holdings, Inc. (Nasdaq: EIHI) announced today that its board of directors has authorized a $0.07 per share quarterly cash dividend on its issued and outstanding shares of common stock, payable December 24, 2010 to shareholders of record at the close of business on December 10,...

For the first time since August 2008, AIG (NYSE: AIG) is selling bonds, according to Informa Global Markets. The company has not made the debt offering public yet, but it will be in the neighborhood of $7.5 billion, and the company will sell 3 and 10 year securities. Shares of AIG are down 10...

On November 23, American International Group Inc. (AIG) announced the completion of its equity units exchange offering, whereby the company will exchange 4.9 million shares for 49.5 million corporate units by paying $161.8 million. However, this was only about two-third of the total 74.48 million...

Recently, Merit Medical Systems (MMSI) received approval from the US Food and Drug Administration (FDA) for the phase III clinical trial protocol to treat primary liver cancer with QuadraSphere microsphere for delivery of doxorubicin. The approval is significant since the late-stage study in...

On November 23, American International Group Inc. (AIG) announced the completion of its equity units exchange offering, whereby the company will exchange 4.9 million shares for 49.5 million corporate units by paying $161.8 million. However, this was only about two-third of the total 74.48 million...

With the near collapse of the financial system in 2008, the Bush Administration, with the Republican party in control of both houses of Congress, took aggressive, unprecedented action. The government was not grid-locked. Decisive action was possible and was taken. As President Bush described it in...

US Energy stocks fell along with the broader equity market. The top decliners in the list include Hess Corp (NYSE: HES), Chevron Corp (NYSE: CVX) and ConocoPhillips (NYSE: COP). The NYSE Arca Oil Index (XOI) dropped about 0.97%, while the NYSE Arca Natural Gas Index (XNG) moved down about 0.6%....

Prudential Retirement, a wing of Prudential Financial Inc. (PRU), has added Prudential Protection Account to its range of institutional retirement products. The most salient feature of the new product is that it will guarantee principal as well as accrued interest in the form of insurance from...

Prudential Retirement, a wing of Prudential Financial Inc. (PRU), has added Prudential Protection Account to its range of institutional retirement products. The most salient feature of the new product is that it will guarantee principal as well as accrued interest in the form of insurance from...