CFO / Financial
As in Greenberg Case, New York May Drop Claims Against BofA Over Merrill
Last month, New York Attorney General Eric Schneiderman withdrew claims for up to $6 billion in damages against former AIG chief Hank Greenberg. Now, another big case - against Bank of America over ...
When Money Talks, Employees Walk to Trim Health Insurance Costs
It was a controversial move when a health insurer began requiring people who were obese to literally pay the price of not doing anything about their weight – but it worked, a new study finds. When ...
S&P’s New Insurance Criteria Released; Method Would Have Spotted AIG’s Past Problems
Incorporating lessons learned from historical periods for industry stress, including the near-failure of American International Group, Standard & Poor's published a revised rating methodology for ...
Claims Down, Premiums Up for Reinsurers
Low damage claims and rising premiums helped to shield earnings at German reinsurers Munich Re and Hannover Re in the first quarter, as the sector battles to shore up profits amid record low interest ...
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 ...
Berkshire Profit Rises 51%, Shares Hit Record High
Warren Buffett's Berkshire Hathaway Inc. on Friday said quarterly profit rose nearly 51 percent on a solid performance in insurance and by many of its other businesses, as well as gains from ...AIG Restructuring Successful, P/C Subs Now A-Plus: S&P
The restructuring that reshaped American International Group over the past two years has been successful in the opinion of analysts for Standard & Poor's, who boosted the rating for AIG's the ...