Insurance Industry News

AIG Cuts Salaries To 3 Top Executives

By The Associated Press

Insurer AIG cuts salaries to 3 top execs to comply with government rules on bailed-out firms

11/25/09 - 07:01 PM EST

AIG Resolves All Legal Disputes With Greenberg

By The Associated Press

AIG settles legal disputes with former chairman Hank Greenberg

11/25/09 - 04:41 PM EST

AIG, Greenberg Settle Disputes

By Lauren Tara LaCapra

• Tickers in this article:
• AIG

AIG said Wednesday it has resolved longstanding disputes with ex-Chairman and CEO Maurice 'Hank' Greenberg and another former executive, and agreed to pay up to $150 million in the duo's legal expenses.

11/25/09 - 05:25 PM EST

UK Government Defends Secret Bank Loans

By The Associated Press

• Tickers in this article:
• FRBA

British government defends secrecy surrounding multibillion bank loans

11/25/09 - 06:26 AM EST

US Bancorp To Sell 3 Texas Banking Units

By The Associated Press

• Tickers in this article:
• USB

US Bancorp plans to sell 3 Texas banking operations it recently took over from failed FBOP

11/25/09 - 10:04 AM EST

AIG OKs Pay Package for CEO Benmosche

By Joseph Woelfel

• Tickers in this article:
• AIG

AIG CEO Robert Benmosche will receive an annual salary of $3 million in cash and $4 million in AIG stock.

11/25/09 - 12:28 AM EST

Losses Continue In 3rd Quarter For Missouri Banks

By The Associated Press

Mo. banks post 3rd quarter loss, S&L groups post profits; foreclosures hurt commercial banks

11/24/09 - 05:33 PM EST

Prudential Shares Rise on Upgrade

By Andrea Tse

• Tickers in this article:
• AIG
• MET
• PRU

Prudential shares are rising on a ratings upgrade from a leading broker.

11/24/09 - 05:32 PM EST

AIG's Allies to Pay Czar: Back Off!

By Andrea Tse

• Tickers in this article:
• AIG

AIG's pay packages are being defended by federal officials, who are pressuring the president's Pay Czar to ease up on AIG.

11/24/09 - 04:43 PM EST

Ambac's Leonard Steps Down as CFO

By Gavin Magor

• Tickers in this article:
• ABK

Ambac CFO Sean Leonard resigned today, almost a week after the company said it misstated information in regulatory filings.

11/24/09 - 02:27 PM EST

SPIN METER: Legislation Inflation Grips GOP

By The Associated Press

SPIN METER: Republicans find creative ways to make big health care bills look even bigger

11/24/09 - 03:12 AM EST

Lloyds Bank Record Cash Call Offers Big Discount

By The Associated Press

UK's Lloyds Bank offers huge discount for shareholders participating in record cash call

11/24/09 - 03:49 AM EST