Genworth Financial Inc., the seller of life insurance and mortgage guarantees, named former U.S. Senator Kent Conrad to the board of directors as financial firms seek government expertise and influence in Washington.
The National Association of Insurance Commissioners named ex-Democratic Senator Ben Nelson to be its chief executive officer as the regulators’ group tackles U.S. President Barack Obama’s health-care overhaul.
President Barack Obama may need to delay his health-care overhaul or risk “chaos” when subsidized insurance plans go on sale in October, the head of the National Association of Insurance Commissioners said.
Senator Ben Nelson owned with his wife as much as $6 million worth of stock in Warren Buffett’s Berkshire Hathaway Inc. and supported an exemption to proposed derivatives rules sought by the Omaha, Nebraska, company.
Egan-Jones Ratings Co. was barred from grading government debt and asset-backed securities for 18 months after settling charges it made material misstatements to the U.S. Securities and Exchange Commission.