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Some feel the government’s response to the financial crisis may hurt the U.S. economy in the long run. At least that’s what an independent watchdog at the Treasury Department warned. The problem is that the issues that spawned the financial crisis have not been addressed — it has been more than 15 months since the [...]
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Earlier this month, Swiss Re hosted its 2009 economic forum and, as always, had an amazing wealth of data and insight to share. I was just going through the presentation from the event again today while researching a story and was once again taken aback by how well one of the slides illustrated just how [...]
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It was announced today that the following life insurers will receive bailout funds from the Troubled Asset Relief Program (TARP):
Allstate
Ameriprise Financial
Hartford Financial Services Group Inc.
Lincoln National Corp.
Prinicpal Financial
Prudential Financial
According to Treasury Department spokesman Andrew Williams, those life insurers met the requirements for the Capital Purchase Program because of their bank holding company status.
Investors have been increasingly worried about [...]
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This morning at 9:00 am in the Orange County Convention Center, Aon unveiled its “2009 Global Risk Management Survey” and — unsurprisingly — fear of economic slowdown ranked as the number one concern for the 500-plus global organizations that responded. Stephen Cross, CEO of Aon Global Risk Consulting and one of the presenters detailing the [...]
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