Insurers

[6.23.09]

AIG Trading Partners Squeeze Insurer Before Bailout

Goldman Sachs Group Inc. and Societe Generale SA extracted about $11.4 billion from American International Group Inc. before the insurer’s collapse as the firms demanded to hold cash against losses on mortgage-linked securities, according to regulatory filings.Read more »

[6.17.09]

US Insurers Press Case for Federal Regulation

Proponents of creating an optional federal charter for the insurance industry, which is currently regulated by the states, pressed their case Tuesday before a House panel.

The issue has split the industry, pitting life insurers and large property and casualty insurers against small and medium-sized P&C and mutually-owned companies.Read more »