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  • Tropical Storm Hanna aiming for Massachusetts
    • Tropical Storm Hanna is expected to churn up the Atlantic coast and lash Massachusetts this weekend with winds gusting up to 50 mph near the coast and up to four inches of rain. Some areas might even get six inches, forecasters said. The storm, which is gathering steam in the Bahamas, ... more >>

  • Alabama Governor Appoints New Insurance Commissioner
    • Alabama Gov. Bob Riley announced Sept. 1 he has filled two openings on his cabinet, one being the commissioner of the Department of Insurance. The governor appointed Jim L. Ridling as state insurance commissioner. Ridling is past president and CEO of Southern Guaranty and is one of the founders of River ... more >>

  • Hurricane Ike strengthens to Category 4 storm
    • MIAMI (AP) — Forecasters say Hurricane Ike has strengthened to a dangerous Category 4 storm in the Atlantic with maximum sustained winds near 135 mph. Earlier Wednesday, Ike became a Category 3 storm and the third major hurricane of the Atlantic season. Ike's center was located about 620 miles northwest of the ... more >>

  • Tropical Storm Hanna takes aim at Bahamas
    • NASSAU, Bahamas (AP) — Tropical Storm Hanna knocked out power to the southern Bahamas on Wednesday and officials from Nassau to South Carolina warned residents to prepare for possible evacuations as it moves north and grows into a hurricane. The storm, with winds near 65 mph, turned to the northwest after ... more >>

  • Redlining suit in KC rejected
    • After years of litigation, a federal appeals court has dealt a death blow to allegations that some of the nation’s biggest insurers discriminated against minority neighborhoods in Kansas City. The 8th U.S. Circuit Court of Appeals last month upheld a lower court finding that the plaintiffs’ claims were pre-empted by ... more >>

  • Agency’s Head Expects Banking’s Crisis to Worsen
    • WASHINGTON — Sheila C. Bair anticipated the mortgage crisis long before most other regulators. But she never dreamed it would wreak so much havoc on so many banks. More than a year after the credit crisis first flared, Ms. Bair, the chairwoman of the Federal Deposit Insurance Corporation, warned on Tuesday ... more >>

  • Agency’s Head Expects Banking’s Crisis to Worsen
    • WASHINGTON — Sheila C. Bair anticipated the mortgage crisis long before most other regulators. But she never dreamed it would wreak so much havoc on so many banks. More than a year after the credit crisis first flared, Ms. Bair, the chairwoman of the Federal Deposit Insurance Corporation, warned on Tuesday ... more >>

  • California insurance commissioner pushes for green car insurance option
    • The California Department of Insurance wants Golden State drivers to drive less, save money and save the planet, all at the same time. Insurance Commissioner Steve Poizner said Wednesday he’s planning to make a new green automobile insurance option, known as “pay-as-you-go,” available to California drivers as early as the fall ... more >>

  • Julie Davis, Technology Insurance Evangelist, Makes Move
    • SACRAMENTO, Calif., Aug. 27 /PRNewswire/ -- "Aon's innovation driver, Julie Davis, has been a huge help in shaping the development of the California Women's Network Group and has touched many technology firms along the way. Over the years, she has expanded Aon's presence in the technology industry and has worked ... more >>

  • Health Care Costs Reduced By California Tobacco Control Program
    • Tobacco control programs can reduce smoking, and when successful, they reduce personal health care costs, according to a study released on August 25, 2008 in the open-access journal PLoS Medicine. The study specifically tracks the California Tobacco Control Program, which was established in 1989 with the goal of ... more >>

  • Gustav weakens after slamming Haiti as hurricane
    • PORT-AU-PRINCE (Reuters) - Gustav weakened after it slammed into Haiti as a hurricane on Tuesday, killing at least two people, but could strengthen again and become the first major storm to threaten U.S. oil and gas production in the Gulf of Mexico since 2005. U.S. crude settled up $1.16 at $116.27 ... more >>

  • Deals that created Citi, others questioned as universal bank model shows cracks
    • NEW YORK (AP) _ America's biggest banks have suffered unprecedented losses from the ongoing credit crisis, and that's made some investors question whether the big financial conglomerates should be broken up in order to survive. Break-up advocates, who for months have been clamoring for Citigroup Inc. to be dismantled, got some ... more >>

  • UBS investment banking unit lawyer in NY probe
    •  NEW YORK (Reuters) - The general counsel for UBS AG's (UBSN.VX: Quote, Profile, Research) investment banking unit is at the center of a civil probe by New York's attorney-general into the Swiss bank's sales of auction-rate securities, the Wall Street Journal reported. David Aufhauser is the person described in New York ... more >>

  • Banks sound but economy to take time: Paulson
    • WASHINGTON (Reuters) - The U.S. economy needs months to recover from its slowdown, but the banking system remains sound despite a home mortgage crisis that could cause more problems, Treasury Secretary Henry Paulson said. Paulson also said on Sunday morning news programs he was optimistic Congress would approve the Bush administration's ... more >>

  • Bush says US banking system is 'sound'
    • In a rare press conference at the White House, Mr Bush has tried to dispel economic storm clouds by offering reassurance about the American economy. "Despite the challenges we face, our economy has demonstrated remarkable resilience and the economy continued to grow in the first quarter of this year," he said. Despite ... more >>
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