american international

In a second attempt to sell its 97.6% stake in Nan Shan Life Insurance, a Taiwanese insurer, American International Group has agreed to a $2.16 billion deal with the Ruen Chen consortium. But regulators nixed another sale agreement just five months ago. Will this deal go through?

In an odd twist of logic, it's looking like a good year to be in the catastrophe business. The business of insuring against catastrophes, that is. Industry insiders now expect that catastrophe bond activity will pass the $3 billion mark for 2009, which didn't really seem possible just did six...

President Obama: It's not too late to cancel the plan you're floating to use taxpayer debt and a sliver of private money to buy $1 trillion in toxic waste from banks. Why cancel it? Because it won't solve the problem and it will waste more taxpayer money. I know nothing about politics, but my hunch...