News
Finnegan to Remain Chubb CEO through 2016; Krump, Robusto Switch Some Roles
The Chubb Corporation's board of directors announced Thursday that John D. Finnegan, Chubb's Chairman, President and Chief Executive Officer, will remain in his current roles until the end of 2016, ...Old Republic Gains on Revival of Mortgage Insurer
Old Republic International Corp., the insurer that stopped selling home-loan guarantees in 2011, advanced the most in six months after announcing a plan to raise fresh capital and revive the ...
Flood Insurance Jumping Sevenfold Depresses U.S. Home Values
Rangel Dockery and her husband bought a waterfront house in Florida four months ago, assuming their $2,000-a-year flood insurance premium would remain about the same. After reading recently about a ...
Florida to OK Workers’ Compensation Rate Hike Under 1%
Florida regulators are rejecting a proposed one percent hike in workers' compensation insurance rates. Insurance Commissioner Kevin McCarty on Wednesday announced that he won't approve the hike that ...
Delaware Business Court’s Private Arbitration Ruled Unconstitutional by U.S. Court
Delaware's legal industry suffered a blow when a federal court found on Wednesday the state violated the U.S. Constitution with its novel system of allowing judges to arbitrate private business ...
Top 30 Homeowners Insurers for 2d Quarter: SNL Financial
Bank of America Liable for Countrywide Mortgage Fraud
Bank of America Corp. was found liable for fraud on Wednesday over defective mortgages sold by its Countrywide unit, a major win for the U.S. government in one of the few trials stemming from the ...
P/C Insurance CFOs Cite Interest Rates As Top Concern
Chief financial officers with leading North American property/casualty insurers rank interest rates as their top concern, above catastrophes and pricing. Eighty-one percent list interest rates as ...