U.S.
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 ...
Behind every commercial or residential property in a regional insurer’s portfolio are people relying on their carrier to remain resilient...
ACE’s Greenberg Says Accounting Change Serves Bunch of Academics
ACE Limited Chief Executive Officer Evan Greenberg said the push for new U.S. accounting standards may distract investors from the most useful metrics in gauging insurers' financial status. "I don't ...
A Year After Sandy, a Slow Recovery for Thousands
A year after Superstorm Sandy catastrophically flooded hundreds of miles of eastern U.S. coastline, thousands of people still trying to fix their soaked and surf-battered homes are being stymied by ...
SEC Relying on Firms Strengthening Internal Compliance Programs
The U.S. Securities and Exchange Commission is calling on corporate executives and boards to strengthen internal compliance programs as funding constraints limit the agency's reach, SEC Chairman Mary ...
Court: Goldman Must Pay Legal Costs for Programmer ‘Officer’ with VP Title
Goldman Sachs Group Inc. must pay some legal fees incurred by a former computer programmer accused of stealing code from the bank because his title of vice president made him a bank officer at the ...
U.S. Releases Draft of Voluntary Corporate Cybersecurity Standards
A U.S. bureau on Tuesday unveiled a draft of voluntary standards that companies can adopt to boost cybersecurity - part of an attempt to protect critical industries without setting restrictive and ...
Low Interest Rates Push Travelers to Raise Premiums Further
U.S. insurer Travelers Cos. Inc. posted a record operating profit that breezed past Wall Street estimates and said it expects to keep raising premiums to counter low interest rates and potential ...