Industry News
Ex-NY Ins Supt. Dinallo’s OK Of MBIA ’09 Split Was ‘Not Arbitrary,’ Court Rules
MBIA Inc. on Monday won the dismissal of a lawsuit by Bank of America Corp. and Societe Generale SA challenging its 2009 restructuring, sending the bond insurer's shares up 24 percent. New York ...
Will Wind/Hail Cosmetic Damage Exclusion Endorsements Become the Norm?
Cosmetic damage from wind and hail to homeowner and commercial properties may no longer be covered if insurers opt to use new endorsements—one for homeowners and another for commercial roofs—that ...Buffett: Performance Streak May End This Year
Berkshire Hathaway may end a long streak of outperforming the S&P 500 this year, Chief Executive Warren Buffett warned shareholders on Friday, even as he said he was still eagerly hunting for ...US Judge: Second Mile Insurer Not Obliged To Cover Sandusky
The insurance carrier for the children's charity founded by former Penn State assistant football coach Jerry Sandusky doesn't have to cover his criminal or civil legal costs related to acts of child ...Highlights From Berkshire Hathaway’s Annual Letter
Berkshire Hathaway released its annual letter to shareholders Friday, with its usual combination of blunt outlook and dry humor from Chief Executive Warren Buffett. Following are highlights of the ...
AIG ‘Turns Final Page’ On U.S. Aid
American International Group, Inc. announced today that it completed the repurchase of warrants issued to the United States Department of the Treasury in 2008 and 2009. The U.S. Treasury does not ...