U.S.
Fla. Hurricane Fund Still Strong at End of Season
Florida is ending this year's storm season with some good news. The state-created fund that backs up private insurers in Florida remains in the best financial shape it has been in since it was ...
BancInsure Back in Business with New Owner, Targeting Non-Financial Customers
Oklahoma City-based BancInsure, a former provider of insurance to community banks that lost surplus as a result of the financial crisis, has re-entered the marketplace with a new strategy focusing on ...
Economists Say Washington Fiscal Politics Hurts Economic, Jobs Growth: Reuters Survey
U.S. economic growth this quarter is likely to be less robust than forecast last month given the erosion of confidence in the wake of the nasty fight over fiscal policy, a Reuters survey showed on ...
Geithner Nixes Greenberg Lawyer’s Request for Draft of Book on AIG Bailout
Former Treasury Secretary Timothy Geithner joined the Federal Reserve Bank of New York in declining to give drafts of a book he's writing to Maurice "Hank" Greenberg for a lawsuit challenging the ...
TVA Insurers Have Paid $92 Million of Ash Spill Cleanup Thus Far
About $42 million has been recovered in the last week by the Tennessee Valley Authority to help pay for more than $1 billion in expenses stemming from the cleanup at the 2008 ash spill at the ...
Lehman’s Australia Creditors Approve $48 Million Insurance Deal
Creditors of Lehman Brothers Holdings Inc.'s Australian unit approved an insurance payment plan allowing them to recover about $48 million of investment losses. U.S. insurers agreed to provide $45 ...
Federal Agencies Prepare Rule Requiring Lenders to Accept Private Flood Insurance
Five federal regulatory agencies are considering a rule that could boost sales of private flood insurance. The proposal would require lenders to accept private flood policies to satisfy the mandate ...MGIC Posts Second Profit in a Row as U.S. Housing Market Recovers
Mortgage insurer MGIC Investment Corp. posted its second straight quarterly profit as a recovery in the U.S. housing market lowered the number of defaulters, sending its shares up as much as 16 ...