Industry News
Bank of America’s Countrywide Mortgage Bonds Trigger Ambac Lawsuit
Ambac Assurance Corp sued Bank of America Corp to recoup hundreds of millions of dollars of losses from insuring roughly $1.68 billion of securities backed at least in part by risky mortgages from ...
Brown & Brown Selling Axiom Re Assets to Beach Re
In connection with a strategy to exit the reinsurance brokerage space, insurance intermediary Brown & Brown, Inc. said it is selling certain assets of subsidiary Axiom Re LP to Beach Re Limited ...
AAA: Americans Murky on Driving Risks with Pot and Prescription Drugs Alike
About 85 percent of Americans want to see laws that punish drivers impaired by marijuana, even as more states have legalized its recreational use. They remain less worried, however, about driving ...
BlackBerrys Could Serve As Cyber Security Solution
If there's one company that's gotten a bit of good press from the Sony Corp. hacking scandal, it's BlackBerry Ltd. The beleaguered entertainment company dug up old BlackBerrys to use after Sony's ...
New Sony Hacking Theory: Ex-Employees May Have Been Involved
At least one former employee of Sony Corp. may have helped hackers orchestrate the cyber-attack on the company's film and TV unit, according to security researcher Norse Corp. The company narrowed ...
Meadowbrook Insurance Sells Itself to China’s Fosun International For $433M
Chinese conglomerate Fosun International Ltd. is closing out 2014 with a plan to buy Meadowbrook Insurance Group for $433 million. The deal, at $8.65 per share, will allow Fosun to gain a big ...
Carrier Management’s 2014 P/C Highlights, in Chart Form
Our readers want to know how the insurance companies they run and work for are ranked. We delivered in 2014, giving them the information they need in both story and chart form. The former helps ...
First Bodies and Debris Discovered in AirAsia Indonesia Crash
Indonesian search crews recovered debris and bodies floating in the sea from the AirAsia Bhd. airliner that went missing three days ago with 162 people on board, as investigators seek to determine ...