With the financial system in crisis, investors increasingly rely on government guarantees to protect their money. Bank accounts are backed by the Federal Deposit Insurance Corp. and its $53 billion war chest. After decades on their own, money market funds now are backed by the U.S. Treasury. And life insurance policies and annuities? They're backed by state guaranty associations. There's only ...
Nov. 21 (Bloomberg) -- U.S. bank regulators may exclude the shortest-term loans from a $1.4 trillion debt-insurance program, helping the Federal Reserve avoid further unpredictable swings in the country's main interest rate.
A Pennsylvania Senate committee on Thursday urged the state insurance commissioner to block a proposed merger of the state's two largest health insurers.
Insurance Commissioner Steve Poizner's decision is denounced by some, but others say recent wildfires make increases reasonable. As if plummeting real estate values weren't enough, insurance rates are heading up for many California homeowners.
ATLANTA -- An orthopedic surgeon and two chiropractors have been sentenced to federal prison for cheating insurance companies out of $3 million by mislabeling treatments for back pain.
Nov. 21 (Bloomberg) -- Japanese insurance companies slumped for a second day after lowering forecasts. Banks rebounded from earlier declines after the Wall Street Journal reported Citigroup Inc. may be sold.
Massachusetts Attorney General Martha Coakley has asked the Division of Insurance to initiate an administrative rate proceeding to review the new auto insurance rates of Premier Insurance Co., a subsi
Sixteen people have been convicted and 20 cases are pending in a Colleton County insurance scam that authorities say may be the biggest staged accident scheme in South Carolina history. The Charleston Post and Courier reported Friday the same people reported injuries for wrecks on the same roads. Officials say people would run an older car into a tree, claiming it was a traffic accident. Then ...