insurance

Northwestern May Sell Russell Investments

September 5, 2010

Northwestern Mutual Life Insurance is weighing the sale of asset manager Russell Investments More here: Northwestern May Sell Russell Investments

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Leslie Margolin, Former Blue Cross President, Speaks Out Against Insurance Giant’s Plan To Spike Rates

August 10, 2010

Leslie Margolin, who recently resigned as president of Anthem Blue Cross in California, is speaking out against a plan put forth by the health insurance company earlier this year to increase the cost of individual coverage plans by as much as 39 percent.

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NonPerforming CRE Loans Behind Recent FDIC Closures

August 6, 2010

The Federal Deposit Insurance Corp which shut down five banks on Friday said that problems with commercial real estate loans were a significant contributing factor to the closures Excerpt from: NonPerforming CRE Loans Behind Recent FDIC Closures

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Video: Cline Says Regulators Boosting Retained-Asset Disclosure: Video

August 3, 2010

Aug. 3 (Bloomberg) — Jane Cline, president of the National Association of Insurance Commissioners, talks with Bloomberg’s Julie Hyman about insurance companies’ so-called retained-asset accounts. The NAIC said last week it is reviewing the accounts after Bloomberg Markets reported that the funds allow more than 100 carriers to earn income on $28 billion owed to life insurance beneficiaries.

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Korducki Elected CEO of Sunshine State Insurance Company

August 2, 2010

Here is a new article from %sourceexcerpt% More here: Korducki Elected CEO of Sunshine State Insurance Company Industry-News.org finds the best stories around the globe and distributes them to our readers. Most articles are published by third parties and these links will take you to other websites. In some cases, websites require their own registration to read their stories

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John McLane Joins GCube Insurance Services as Senior Vice President

July 29, 2010

This is from Marketwire – Management Changes : NEWPORT BEACH, CA–(Marketwire – July 29, 2010) –   GCube Insurance Services, Inc., the leading global insurer of renewable energy technologies, announced today that John McLane has joined the company as Senior Vice President. Continue here: John McLane Joins GCube Insurance Services as Senior Vice President

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Video: Axa Art Insurance’s Fischer Sees International Growth: Video

July 23, 2010

July 23 (Bloomberg) — Christiane Fischer, chief executive officer of Axa Art Insurance Corp., talks about the business of insuring fine art and collectibles the company’s growth outlook. Fischer speaks with Erik Schatzker on Bloomberg Television “InsideTrack.” (Source: Bloomberg) See the rest here: Video: Axa Art Insurance’s Fischer Sees International Growth: Video

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Video: Ramsey Says Leuthold Likes Insurance, Regional Banks: Video

July 16, 2010

July 16 (Bloomberg) — Douglas Ramsey, director of research at Leuthold Group, discusses financial stocks, Leuthold’s quantitative approach to investment strategy and the outlook for the U.S.

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Colony Capital Wins Second Billion-Dollar FDIC CRE Loan Portfolio from 22 Failed Banks

July 15, 2010

The Federal Deposit Insurance Corp. (FDIC) recently closed on a sale to Colony Capital LLC of 40% equity interest in a limited liability company (LLC) created to hold assets consisting of approximately 1,660 distressed commercial real estate loans with… Continue reading here: Colony Capital Wins Second Billion-Dollar FDIC CRE Loan Portfolio from 22 Failed Banks

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FDIC Sues 4 Former IndyMac Execs For $300 Million In First Claim Against Failed Bank Heads

July 14, 2010

WASHINGTON — Bank regulators have accused four former executives of failed IndyMac Bank of negligence in making loans to homebuilders and are seeking a total $300 million in damages. The Federal Deposit Insurance Corp., which took over California-based IndyMac when it collapsed two years ago, filed the civil lawsuit against the four executives in federal court in Los Angeles. The suit, filed July 2, is the FDIC’s first legal volley related to the wave of bank failures in the financial crisis, and an FDIC spokesman said Wednesday that more can be expected in the future

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