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Good, Bad and Ugly Ways to Raise Some Quick Cash: John F. Wasik (Bloomberg) Jan. 5 (Bloomberg) -- If you thought things were getting tight last month, get ready for the big squeeze. While I would love to start 2009 with some rosy predictions, one theme sticks in my mind: Cash will never be more important.
Consumer groups protest life insurers' plan to lower reserves (Los Angeles Times) Easing capital requirements would increase the risk that an insurer would fail to pay all its obligations, the groups say. But the industry's proposals have the support of regulators. Two prominent consumer groups are up in arms over proposals that would reduce the amount of money life insurers must set aside to pay future claims.
2008: Top Stories of the Year (Insurance Journal) 2008 can be described as a year like no other in the property/casualty insurance world. This year we saw the near death of the world's largest and most successful insurance company, AIG. The soft ...
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