News
Wells Fargo Fails to Win Dismissal of U.S. Mortgage Fraud Case
Wells Fargo & Co. failed to win dismissal of a lawsuit in which the U.S. government accused the nation's largest mortgage lender of fraud by lying about the quality of home loans it submitted to ...
Goldman, Regulator See Demand for Canada’s Insurers to Sell Cat Bonds
Canada's banking regulator is urging insurers to sell catastrophe bonds for the first time to cut the risk of natural disasters such as the record floods that inundated swathes of downtown Calgary in ...
The CNBC Halftime Report is the place for market-moving interviews and fast-paced market analysis. It places investors right at the...
RRG Gets Downgrade; A.M. Best Pushes Indemnity Ins Corp RRG Rating to B
A.M. Best Co. said Tuesday that it downgraded the financial strength rating of Indemnity Insurance Corporation, RRG to B (Fair) from A- (Excellent). Best also downgraded the RRG's issuer credit ...
ProAssurance to Acquire Workers’ Comp Specialist Eastern Holdings
Medical professional liability insurer ProAssurance Corp. (NYSE: PRA) said it is acquiring monoline workers' compensation insurer Eastern Insurance Holdings Inc. (NASDAQ: EIHI) in an all-cash ...
Brookfield, AIG End Lawsuit Tied to 2008 Collapse
American International Group Inc. and Brookfield Asset Management Inc. agreed to end a 2009 lawsuit in which Brookfield sought a judge's ruling that the insurer's collapse triggered default ...
FEMA Chief Tells Senators He Can’t Delay Flood Insurance Rates
Pressure continues to build in Congress to delay implementation of flood insurance reforms that are raising premiums for thousands of property owners across the country. But the man in charge of ...
200,000 Policyholders May Move from Florida’s State-Backed Insurer
Citizens Property Insurance Corp., Florida's largest insurer, could be shifting thousands more of its policyholders away from the state-created company and into private insurance companies. The head ...
Swiss Re to Pay $240M for German Hailstorms
Hailstorms in northern and southern Germany in July will generate a claims burden of approximately $240 million for Swiss Re, the company announced Monday. That figure is net of retrocession and ...