Media

Press Releases – Federal Reserve 2008 0916 – FRB – Federal Reserve Board, with full support of the Treasury Department, authorizes the Federal Reserve Bank of New York to lend up to $85 billion to the American International Group (AIG) –  [link] The Board determined that, in current circumstances, a disorderly failure of AIG could…

CNN 2008 0917 – CNN – AIG bailout upsets Republican lawmakers – [link] 2009 0324 – CNN – AIG changes story on state payments.  The insurer now says $9.5 billion of bailout funds went to municipalities — down from an estimate of $12.1 billion a week ago. – [link]  AIG now says that municipalities holding guaranteed investment…

Press Releases Press Releases – AIG Press Releases – Federal Reserve Board Press Releases – NAIC Press Releases – New York 2008 0528 – AM Best –  A.M. Best Removes Ratings of AIG’s Property/Casualty and Life Subsidiaries From Under Review; Affirms, Assigns Negative Outlook – [link] The holding company downgrade reflects AM Best’s viewpoint of the…

Washington Post 1995 0322 – Washington Post – Web of Contacts Gave Brown Lucrative Deal with District – [link] 1998 0918 – Washington Post – Pentagon Bars Life Insurance Firm Because of ‘Deceptive’ Practices – [link]  A series of articles 24 years ago published by the Army/Navy/Air Force Times documented many of the same practices that Defense…

ThinkAdvisor thinkadvisor.com/ Allison Bell – thinkadvisor.com///allison-bell/ John Manganaro Arthur D. Postal 2024 0522 – ThinkAdvisor.com – Connecticut Puts Phoenix Life and Annuity Issuer in Rehab, By Allison Bell – [link] 2024 0102 – ThinkAdvisor – Regulators lukewarm on illustrations rewrite in 2024, by John Hilton – [link] “Misleading and deceptive practices” is the one barrier regulators could…

businessinsider.com businessinsider.com/ 2008 1019 – businessinsider – SEC’s indexed annuity plan riles the industry, by Meg Fletcher – [link] “That’s like saying that, if your ham sandwich contains a slice of lettuce, it’s a salad,” Voss says.  (Susan Voss, Iowa insurance Commissioner) 2009 0402 – businessinsider.com – AIG: “A Ponzi Scheme Plain And Simple”, by Joe…