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Insurance chief says AIG bailout was unavoidable (Reuters via Yahoo! News)
Washington policy-makers had no choice but to rescue American International Group Inc after a dramatic investor crisis left the giant insurer starved for cash, New York insurance chief Eric Dinallo told lawmakers on Tuesday.
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Ahead of the Bell: FDIC mulls bank insurance fees (AP via Yahoo! Finance)
The FDIC is considering a plan to increase the fees paid by U.S. banks and thrifts to replenish the deposit insurance fund.
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Taiwan doubles bank deposit insurance (AP via Yahoo! Finance)
Taiwan's premier said Tuesday the island was doubling the amount of insurance it offers on bank accounts as it seeks to bolster consumer confidence in the wake of the world financial crisis.
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Ireland's Lenihan Says EU May Raise Deposit Insurance (Update1) (Bloomberg)
Oct. 7 (Bloomberg) -- European Union finance ministers may agree to increase deposit insurance for consumers across the EU at a meeting today, Irish Finance Minister Brian Lenihan said.
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Turkish insurance demand may slow down-AK Sigorta (Reuters via Yahoo! Philippines News)
ISTANBUL, Oct 7 (Reuters) - The Turkish insurance sector may see a slowdown in demand in the near future due to the global financial crisis, the chairman of Turkish insurance group AK Sigorta told Reuters on Tuesday.
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A Key Guide to the Polish Insurance Sector for Q3 2008 - with Forecasts, Company Profiles & an Industry SWOT Analysis (Centre Daily Times)
Research and Markets (http://www.researchandmarkets.com/research/7dc886/poland_insurance_r) has announced the addition of the "Poland Insurance Report Q3 2008" report to their offering.
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The Latest Slovakia Insurance Report for Q3 2008 - Providing Company Profiles, a SWOT Analysis & an Evaluation of ... (Centre Daily Times)
Research and Markets (http://www.researchandmarkets.com/research/1327c1/slovakia_insurance) has announced the addition of the "Slovakia Insurance Report Q3 2008" report to their offering.
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FDIC chair: Higher insurance to boost confidence (AP via Yahoo! Finance)
The head of the FDIC says the new increase in federal deposit insurance limits will not solve all banking industry ills but will bolster public confidence in banks' safety. And she said a resolution was near in the legal tussle between Citigroup and Wells Fargo over which one will buy Wachovia.
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Third brother arraigned on insurance-fraud allegation involving parents' annuity (The Grand Rapids Press)
The third of a trio of brothers accused by federal prosecutors of using their dead parents to cheat an insurance company out of $412,000 was arraigned Monday. Randall Banks is charged with mail fraud and conspiracy to commit mail fraud...
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Insurance giant AIG's role in market crisis probed (The Star)
WASHINGTON (AP) - The government's rescue of insurance giant American International Group Inc. last month is getting a critical eye from lawmakers examining the chain of events that forced a $700 billion bailout of the financial industry.
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