insurance news

AIG announced plans to raise $12.5 billion of extra cash after the world$’s largest insurance group unveiled a record loss of $7.81 billion ($£4 billion) for its first quarter.

SAN FRANCISCO (MarketWatch) -- ANB Financial N.A. of Bentonville, Ark., was closed by the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation was named receiver, the FDIC said late Friday. This marks the third bank failure of the year. FDIC's board approved the assumption of the insured deposits of ANB Financial by Pulaski Bank and Trust Co. in Little Rock, Ark. The regional bank's nine offices will reopen Monday as branches of Pulaski Bank. ANB had about $2.1 billion in assets and $1.8 billion in total deposits as of Jan. 31, according to the FDIC. Pulaski Bank will assume $212.9 million of ANB's insured nonbrokered deposits for a premium of 1.011% and will purchase $235.9 million of assets.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Many homeowners turn their thoughts to spring cleaning this time of year. But my thoughts are usually drawn toward making sure the contents of our home remain safe and protected. That's because our homeowners insurance policy is up for renewal every June.

ANB Financial N.A., a Bentonville, Ark.-based bank, has been closed by the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. has been named receiver, the FDIC says.

American International Group Inc., the world's largest insurer, spent nearly $3.9 million in the first quarter to lobby on insurance-related matters and other issues, according to a disclosure report.

Hillary is the only candidate who has a universal health care plan and she criticized Sen. John McCain for proposing a plan that would put millions of Americans at risk for losing their health insurance.

For the first time in six years the California Department of Insurance won't make any mid-year recommendation on workers' compensation insurance rates because the state's top insurance regulator feels one isn't needed in this stable market.

Insurance services provider, Mt Washington Assurance has introduced Mt Washington Peak Protection Program, its new home insurance program for New Hampshire.

With no end in sight for credit market losses from the insurance group, its shares plunged and its chief financial officer has been moved to another job

It's being called, 'The first step toward homeowners insurance reform for Alabama.' Property owners in what are considered 'high risk' coastal areas of the state should benefit from two seperate...