Mystery regarding the Social Security system and how long and if it will pay retirees benefits is nothing new. Now a book, promising to “expose the truth” about the Social Security trust fund, is shrouded in its own mystery.

American International Group appears to be making progress toward paying back the remainder of what it owes on the $182.3 billion federal bailout.

A pair of recent deals has American International Group’s chief executive officer confident that the insurer can repay the government for bailout funds by 2013.

The 2010 Insurance Day on the Hill will be held in Richmond Feb. 10 and 11. The annual event is a joint legislative program hosted by the Independent Insurance Agents of Virginia, the Virginia Council of the National Association of Insurance Women, the Virginia Association of Insurance and Financial Advisors (NAIFA-Virginia) and the Greater Richmond CPCU Society.

Lawmakers are making allegations that Federal Reserve Chairman Ben Bernanke’s $182 billion bailout of AIG was s backdoor bailout of Goldman Sachs and other banks.

Bernanke is defending his actions and …  Read →

A reduction in salary has led a top executive at American International Group to resign, but she will receive $2.8 million in severance pay.

The nation’s bank holding companies’ total insurance revenue remained steady for the first half of the year compared to the same period last year.

Rather than implement an optional federal charter or sweeping regulations, the Obama Administration is proposing a national office of insurance to oversee the industry.

Today (June 17), President Barack Obama unveiled …  Read →

The government’s restructured aid package to insurer American International Group of $150 billion “should be enough” to get the company on the right track, but only time will tell, according …  Read →