U.S.
BofA Scores During Appeal in $1.2B Mortgage Loan Fraud Case
Bank of America Corp.'s Countrywide Financial unit was exonerated of allegations that it sold defective residential mortgage loans to Fannie Mae and Freddie Mac with an appeals court throwing out a ...
The Real Story Behind Bermuda Insurers’ Premium Jump
At first glance, Bermudian re/insurance companies appeared to start the year with a bang, reporting a 21 percent increase in consolidated gross premiums written (GPW), according to a new report ...
Chubb to Provide High-Net-Worth Personal Insurance Customers With Customizable Protection
Chubb has announced a partnership to provide specialized home protection services to high-net-worth personal insurance customers in the United States. The insurer is teaming up with ADT Security ...
La Niña May Be Coming, Along With Higher Atlantic Hurricane Risks
Think of it as Mother Nature's roller-coaster ride: the shift between the weather patterns known as El Nino and La Nina that, at their worst, can cause havoc worldwide. El Nino—spurred on by a ...
AIG, Prudential Won’t Need Bank Capital Rules: Fed Reserve Governor
U.S. insurers deemed big enough to threaten the financial system will probably face capital standards that are simpler and less costly than those imposed on Wall Street banks, Federal Reserve ...
The Latest Launches from XL Catlin, Guy Carpenter and Assurant
Guy Carpenter & Co. and a partner are coming up with a new cyber aggregation model. XL Catlin beefed up its professional liability coverage for small U.S. architectural and engineering firms. ...
Many Auto Insurance Websites Disappoint Consumers: J.D. Power
Auto Insurance executives may want to take a second look at their consumer websites. While overall customers are more satisfied with their experience shopping online for auto insurance, they are less ...
Beleaguered Pelvic Mesh Maker Attempts to Shift Liability to Doctors, Others
American Medical Systems, a major defendant in litigation over controversial vaginal mesh devices, is accusing "a pyramid of businessmen, doctors and lawyers" of luring women into unwarranted ...