Highlights
A collection of news and information related to Property-Casualty Insurance published by Tribune Company sources.
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Insurance: Downgraded Rating Possible For The Hartford
Moody's Investors Service affirmed Aa3 (excellent) insurance financial strength ratings for The Hartford Financial Services Group on Wednesday, but it put the company's A2 (upper medium grade) debt rating on review for possible downgrade. Moody's said it...Tags: The Hartford Financial Services Group Incorporated, Insurance, Credit Ratings, Allianz AG Holding, Moody's Corporation
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AIG to sell off business units but retain US property and casualty
AP Business WritersCHARLOTTE, N.C. (AP) _ The insurer American International Group Inc. said Friday it plans to sell off a number of business units to pay off its massive government loan. The announcement was expected by Wall Street. But it now leaves investors wondering...Tags: Bank of America Corp., Berkshire Hathaway Incorporated, Aegon NV, Property, Warren Buffett
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Dow's early gains slip through cautious fingers
U.S. stock indexes on Friday declined for a third consecutive day, with the Dow Jones industrial average obliterating a more than 300-point gain as concerns intensified that the $700 billion rescue plan won't unfreeze credit markets. "Indicators on the...Tags: Citigroup Incorporated, Bank of America Corp., Stock Activities, $700 Billion Bank Bailout, Wells Fargo & Co.
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Company News - September 30, 2008
HARLEYSVILLE GROUP RELEASES HOLDINGS INFO Harleysville Group Inc. released information regarding its exposure to certain credit-impacted securities, as well as claims activity related to hurricanes in the current quarter. Harleysville Group holds $6...Tags: San Diego (San Diego, California), Elections, Lehman Brothers Holdings Incorporated, Hurricanes, Harleysville Group Incorporated
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Biden: McCain shielded offshore tax loopholes
Associated Press WriterDemocratic vice presidential candidate Joe Biden said Republican John McCain protected offshore tax shelters worth billions of dollars to U.S. insurance giants. In his second trip in four days to this battleground state Tuesday, Biden said McCain...Tags: State Budgets, Polls, Heavy Engineering, Kansas, Elections
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State insurance commissioners wary of greater federal role
Sentinel staff writerState insurance commissioners want a closer relationship with the federal government -- but not if it comes with additional oversight. The National Association of Insurance Commissioners says it supports H.R. 5840, the Insurance Information Act of 2008....Tags: Regional Authority, Government, Private Health Care, Sandy Praeger, Insurance
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Protecting the insured
The failure of AIG has generated comments by public figures to the effect that the people insured by AIG must be protected. This, in turn, will fan fears of more insurance company failures. It is not widely understood that we already have an effective...Tags: Private Health Care, Medical Services, Puerto Rico, Illinois, Park Ridge
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Despite turmoil, your insurance policies are mostly safe, officials say
First mortgage lenders. Then Wall Street investment firms. Now insurance companies? Several dozen jittery Marylanders called state regulators yesterday in reaction to big insurer American International Group's struggles to stay solvent - it eventually...Tags: Government, Consumers, Health Treatments, Texas, American International Group
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The Hartford Rearranges Property-Casualty Management
Courant Staff WriterThe Hartford Financial Services Group has rearranged senior management in its property-casualty insurance business and created a new position aimed at growth in targeted industries. Juan Andrade, who had been executive vice president and head of the...Tags: Government, Sales, The Hartford Financial Services Group Incorporated, Insurance, Property
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Three Executives At The Hartford Get New Posts
Courant Staff WriterThe Hartford Financial Services Group has rearranged senior management in its property-casualty insurance business and created a new position aimed at growth in targeted industries. Juan Andrade, 42, who had been executive vice president and head of...Tags: Sales, Government, The Hartford Financial Services Group Incorporated, Insurance, Property
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Florida agencies take a financial hit on AIG's plunge
South Florida Sun-SentinelA day after the U.S. government extended $85 billion to bail out American International Group Inc., state and local leaders and insurance policyholders scrambled to assess the fallout in Florida. The global insurance giant's financial woes primarily...Tags: Private Health Care, Sandy Praeger, Health Treatments, Insurance, Florida
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Finding high ground in the storm
The most dramatic news on Wall Street in a generation is unfolding. And the best advice for consumers is, alas, far less dramatic: Return to the evergreen and ever-true basics of money and investing. These fundamentals will see you through both good times...Tags: Bank of America Corp., Banking, Bethlehem (Bethlehem, Pennsylvania), Financial Planning, Lehman Brothers Holdings Incorporated
Oct 9, 2008
|Story| Hartford Courant
Oct 4, 2008
|Story| Associated Press
Oct 4, 2008
|Story| Hampton Roads Daily Press
Sep 30, 2008
|Story| Allentown Morning Call
Sep 23, 2008
|Story| Hampton Roads Daily Press
Sep 22, 2008
|Story| Orlando Sentinel
Sep 21, 2008
|Story| Chicago Tribune
Sep 17, 2008
|Story| Baltimore Sun
Sep 17, 2008
|Story| Hartford Courant
Sep 18, 2008
|Story| Hartford Courant
Sep 18, 2008
|Story| South Florida Sun-Sentinel
Sep 16, 2008
|Column| Allentown Morning Call
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