Claims / Legal
New Jersey Gov. Christie Signs Single-Page Homeowners Summary Bill
New Jersey Gov. Chris Christie has signed into law a bill that aims to help homeowners better understand their insurance policies. The legislation (A3642/S2502) requires homeowners' insurers to give ...
U.S. Gets Green Light to Sue BofA Over Mortgages Under Untested Theory
A federal judge ruled on Wednesday that the United States can pursue parts of a civil lawsuit against Bank of America Corp. over its sale of toxic mortgages to Fannie Mae and Freddie Mac, boosting a ...
The Imperfect Science of Predicting Floods
Perched in a boat drifting slowly along the Red River, Dan Thomas kept one eye on a laptop and the other on a $60,000 piece of floating hardware that beamed sound waves deep into the flooding river. ...
Court Upholds California Commissioner’s Authority in Mercury Rate Cut
The California Court of Appeal has upheld a Los Angeles Superior Court ruling by dismissing Mercury Insurance Co.'s lawsuit challenging Insurance Commissioner Dave Jones' authority to decrease the ...
Seniors Driving With Their Dogs Get In More Auto Accidents: University Study
Senior drivers who always take a pet in the car are at increased risk for being involved in a motor vehicle collision, said University of Alabama at Birmingham (UAB) researchers. In a study published ...SEC Charges Pennsylvania’s Harrisburg With Fraud
Federal regulators on Monday accused Pennsylvania's beleaguered capital, Harrisburg, of committing fraud, in a move that officials said is meant to send a warning to local officials about the ...Ohio Pension Fund Files Suit Against Banks Alleging CDS ‘Conspiracy’
A U.S. pension fund has initiated a class action lawsuit against a group of the world's largest banks, accusing them of "conspiring" to scuttle competition in the $27 trillion credit default swap ...
MBIA, Bank of America Reach $1.6 Billion Settlement
Bank of America Corp. has agreed to pay $1.6 billion in cash to MBIA Inc. and will receive the right to buy a 4.9 percent stake in the bond insurer to resolve long-running litigation, the companies ...