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- Travelers Does Not Seek Federal Financial Assistance
- SAINT PAUL, Minn. -- In a letter to U.S. Treasury Secretary Henry Paulson, The Travelers Companies, Inc. (NYSE: TRV) stated it does not require or intend to request any financial assistance from the Treasury Department, which is considering investing in insurance companies as part of the economic stabilization package approved...
- Research articles 2008-10-28
- SBA's Deadline for Physical Damage Disaster Loan Applications Is November 24th
- ATLANTA -- The U.S. Small Business Administration reminds homeowners, renters, businesses and non-profit organizations of all sizes of the deadline to submit disaster loan applications for damage caused by the apartment building fire in the Borough of Pottstown that occurred on September 19, 2008. The deadline to file an application...
- Research articles 2008-10-27
- Fitch Downgrades Allstate Corp. & Subsidiaries; Outlook Negative
- CHICAGO -- Fitch Ratings has taken the following rating actions on The Allstate Corporation Allstate: -- Issuer Default Rating IDR downgraded to 'A+' from 'AA-'. -- Senior debt downgraded to 'A' from 'A+'; -- Trust preferred rating downgraded to 'A-' from 'A'; -- Commercial paper was...
- Research articles 2008-10-27
- SBA Adds Recovery Center for Indiana Business Owners; Deadline to Apply is November 24
- ATLANTA -- The U.S. Small Business Administration announces today that a third Business Recovery Center is being established in Floyd County in addition to the Centers in Lake and LaPorte counties. These Centers will open Monday, October 27, 2008 at 8 a.m. to help businesses impacted by the severe storms...
- Research articles 2008-10-24
- SeaBright Insurance Holdings Authorized to Begin Trading on New York Stock Exchange
- SEATTLE -- SeaBright Insurance Holdings, Inc. (Nasdaq:SEAB) today announced that the Company has been authorized by the NYSE to trade on the NYSE under the ticker symbol "SBX." The Company will move from the NASDAQ Global Select Market ("NASDAQ") to the NYSE and expects to begin trading on the NYSE...
- Research articles 2008-10-24
- AIG Provides Update on Federal Reserve Borrowings
- NEW YORK -- American International Group, Inc. AIG today provided detail of its usage of the two-year, $85 Billion Revolving Credit Facility and the separate $37.8 Billion Securities Lending Agreement arranged with the Federal Reserve Bank of New York. As of October 22, 2008, AIG had outstanding borrowings of...
- Research articles 2008-10-24
- SBA Opens Recovery Centers for Indiana Business Owners Impacted by the Severe Storms and Flooding
- ATLANTA -- The U.S. Small Business Administration announces today that two Business Recovery Centers are being established in Lake and LaPorte counties. The Centers will open Monday, October 27, 2008 at 8 a.m. to help businesses impacted by the severe storms and flooding that occurred from September 12 through October...
- Research articles 2008-10-23
- Financial Product from Legacy Financial Advisors, Inc. Helps Cut Risk in Complex Economic Times
- Solutions for investors from Paul J. Mauro, CLU, ChFC, Legacy Financial Advisors, Inc., Milford, MA MILFORD, Mass. -- "While today's stock market may be robbing Americans of sleep, there are alternatives -financial products that conservative savers and retirees can rely on to earn interest with less risk," advises Paul...
- Research articles 2008-10-23
- SBA's Deadline for Physical Damage Disaster Loan Applications Is November 21st
- ATLANTA -- The U.S. Small Business Administration reminds homeowners, renters, businesses and non-profit organizations of all sizes of the deadline to submit disaster loan applications for damage caused by the Milton Flea Market fire that occurred on September 10, 2008. The deadline to file an application for physical damage is...
- Research articles 2008-10-22
- FEMA deadline looms for Hurricane Ike victims living in hotels
- A deadline looms for Hurricane Ike victims living in hotels or motels to contact FEMA so they can learn about their eligibility for continued assistance. FEMA extended the cutoff for its transitional sheltering program from Oct. 14 to next Tuesday, after which FEMA will no longer pay...
- Research articles 2008-10-22
- Allstate Reports 2008 Third Quarter Results
- Catastrophe Losses and Investment Valuation Declines Partially Offset by On-going Risk Mitigation Actions NORTHBROOK, Ill. -- The Allstate Corporation (NYSE: ALL): * Catastrophe losses of $1.8 billion, including losses from Hurricanes Ike and Gustav, were partially mitigated by exposure reduction actions and reinsurance. * Pre-tax net realized...
- Research articles 2008-10-22
- Pru move to allay fears
- INSURER Prudential today said it was strong enough to withstand much heavier downturns in stock markets as it sought to soothe investor nerves. Concerns have mounted that the insurers' capital strength could be whittled away by tumbling share prices amid the economic downturn. The Prudential said it had...
- Research articles 2008-10-21
- National Holdings Corp. Chief Executive Officer Featured On CNBC's "Closing Bell"
- Discusses Investment Opportunities In Uncertain Market NEW YORK -- Mark Goldwasser, Chairman and Chief Executive Officer of National Holdings Corporation (OTCBB:NHLD), a full service investment banking company operating through its wholly owned subsidiaries, was a featured guest on CNBC's "Closing Bell" with Maria Bartiromo on Friday, October 17, 2008....
- Research articles 2008-10-21
- Harleysville Group to Hold Third Quarter 2008 Earnings Conference Call on November 4, 2008
- HARLEYSVILLE, Pa. -- Harleysville Group Inc. (NASDAQ:HGIC) will hold a live Webcast on Tuesday, November 4, 2008, beginning at 8 a.m. ET to discuss its third quarter 2008 earnings. The company will release its results on Monday, November 3, 2008, after the close of regular trading on the NASDAQ Stock...
- Research articles 2008-10-21
- 2009 smart fortwo Ranked as Most Fuel Efficient All Gas Powered Vehicle in the U.S
- EPA Rates smart fortwo Most Fuel Efficient Non-Hybrid Vehicle BLOOMFIELD HILLS, Mich. -- The 2009 smart fortwo has been ranked as the most fuel efficient, non-hybrid vehicle in the United States by the U.S. Environmental Protection Agency's 2009 Fuel Economy Guide. The guide places the fortwo as fifth overall...
- Research articles 2008-10-21
- Universal Insurance Holdings, Inc. Announces Approval to Write Property and Casualty Insurance in North Carolina
- Universal Insurance Holdings, Inc. (AMEX: UVE), a vertically integrated insurance holding company, announced that its subsidiary Universal Property and Casualty Insurance Company UPCIC, has received approval from North Carolina's Department of Insurance to write property and casualty insurance in the state of North Carolina. UPCIC intends to file for...
- Research articles 2008-10-20
- Star Bulk Announces That Nobu Su Resigns From the Position of Director
- Star Bulk Carriers Corp. (NASDAQ: SBLK) announced today that Mr. Nobu Su has resigned from his position as member of the Company's Board of Directors with immediate effect. Mr. Su noted that the reason for his resignation is his wish to devote more time to his other business interests....
- Research articles 2008-10-20
- A.M. Best Downgrades Ratings of The American Road Insurance Company
- OLDWICK, N.J. -- A.M. Best Co. has downgraded the financial strength rating to B+ Good from B++ Good and issuer credit rating to "bbb-" from "bbb" of The American Road Insurance Company TARIC (Dearborn, MI). The outlook for both ratings is negative. TARIC's capitalization and operating performance has been...
- Research articles 2008-10-17
- A.M. Best Affirms Ratings of Commonwealth Annuity and Life Insurance Company
- OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating FSR of A- Excellent and issuer credit rating ICR of "a-" of Commonwealth Annuity and Life Insurance Company Commonwealth (Worcester, MA). The outlook for both ratings is stable. Commonwealth is a wholly-owned subsidiary of The Goldman Sachs Group,...
- Research articles 2008-10-16
- Allstate to Discuss Third Quarter 2008 Earnings with Investors
- NORTHBROOK, Ill. -- The Allstate Corporation (NYSE: ALL) will conduct a conference call on Thursday, October 23, 2008 at 9:00 a.m. Eastern Daily Time EDT to discuss third quarter 2008 earnings. The company will issue a press release announcing the results the day before on Wednesday, October 22, 2008 at...
- Research articles 2008-10-16
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