Personal Lines
Cuomo Nominates Corporate Lawyer to Run N.Y. Dept. of Financial Services
New York Governor Andrew Cuomo signaled a shift in New York's oversight of Wall Street, tapping a longtime corporate lawyer to run the state banking regulator previously overseen by an aggressive ...
JPMorgan Will Pay Ambac $995M to Settle Mortgage-Backed Securities Claims
Bond insurer Ambac Financial Group Inc said JPMorgan Chase & Co will pay $995 million to settle disputes related to residential mortgage-backed securities. The settlement will have a positive ...
Insurers in California Face Mandate to Disclose Coal Company Holdings
California's insurance commissioner on Monday asked all insurance companies doing business in the state to voluntarily divest from coal companies and said he will also require insurance companies to ...
AIG CEO Hancock Unveils Plan to Divest Assets, Return $25B to Shareholders
American International Group Inc. plans to return $25 billion to shareholders over the next two years as Chief Executive Officer Peter Hancock divests assets and seeks to boost returns to protect his ...
Google Compare Versus Agents: Who is Winning?
Insurance agents aren't dead yet, but even underwriters participating in the personal automobile insurance market may be looking for another line of work within the next two decades, industry ...
Historic Winter Storm Is 2016’s First U.S. ‘Billion-Dollar Weather Event’
While cleanup has only just begun, the historic winter storm that slammed into the Eastern United States over the weekend bringing everything from blizzard conditions to tornadoes caused some serious ...
VW Probe Reportedly Finds Emissions-Cheating Software Was Open Secret
Volkswagen's development of software to cheat diesel-emissions tests was an open secret in its engine development department, Germany's Sueddeutsche Zeitung newspaper said on Friday, citing results ...
‘Almost Pointless’: KBW’s Take on AIG Mortgage Insurance Spinoff Plan
American International Group Inc.'s plan to spin off a portion of its mortgage insurance unit is "almost pointless" given the challenges that Chief Executive Officer Peter Hancock faces to fix the ...