Litigation

• Judge Denies MBIA Demand for Information from Banks

  By Reuters  |  May 23, 2012

  Banks challenging bond insurer MBIA Inc's 2009 restructuring don't have to answer questions about whether they pushed state senators to start an investigation, a New York judge ruled on Tuesday.

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  P&C 1Q Net Income Soars, House Passes 30-Day NFIP Extension: Week In Review

  By Caterina Pontoriero, PropertyCasualty360.com  |  May 21, 2012

  In this weekly segment, we bring you the top stories from PropertyCasualty360.com for the week. Click to see the top stories for the week of May 14, 2012.

• N.Y. State Senators Consider Hearing on MBIA

  By Mark E. Ruquet, PropertyCasualty360.com  |  May 18, 2012

  Two New York State senators are considering hearings on the split of MBIA after banks raised questions about the move during a hearing in Manhattan.

• MGIC Sues Freddie Mac in Insurance Dispute

  By Reuters  |  May 18, 2012

  Mortgage insurer MGIC Investment Corp has sued mortgage financier Freddie Mac and the Federal Housing Finance Administration to settle a dispute over coverage limits on certain insurance policies.

• Judge: New York AG Must Review Spitzer's Emails on AIG

  By Reuters  |  May 17, 2012

  New York's Attorney General must review his predecessor's private emails relating to a probe of American International Group Inc and decide whether to release them to the public, a state judge has ruled.

• BofA Tells Judge MBIA Split Must Be Annulled

  By Karen Freifeld, Reuters  |  May 16, 2012

  Bond insurer MBIA Inc's restructuring during the financial crisis must be annulled because it was based on bad information, a lawyer for banks challenging the restructuring said on Tuesday.

• Banks Set to Argue MBIA Split Was Unreasonable

  By Karen Freifeld, Reuters  |  May 15, 2012

  Bank of America Corp and Societe Generale on Tuesday will begin opening arguments in a New York State courtroom to overturn the 2009 restructuring of bond insurer MBIA Inc.

• AIG Ex-CEO Greenberg Eyes Reversing New York Fraud Case

  By Jonathan Stempel (Reuters)  |  May 15, 2012

  Former American International Group Inc Chief Executive Maurice "Hank" Greenberg said New York's attorney general should be barred from invoking a 91-year-old state law in a fraud case over two suspect reinsurance transactions.

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  Insurers Renounce Support for Heartland Institute, Hard Market is Here: Week in Review

  By Caterina Pontoriero, PropertyCasualty360.com  |  May 14, 2012

  In this weekly segment, we bring you the top stories from PropertyCasualty360.com for the week. Click to see the top stories for the week of May 7, 2012.

• Change in Procedures Lets Medical Malpractice Industry Thrive

  By Arthur D. Postal PropertyCasualty360.com  |  May 14, 2012

  The medical-liability insurance industry has recently seen positive results and is working to minimize the “peaks and valleys” that it has historically seen, according to Brian K. Atchinson, the new president and chief executive officer of the Physician Insurers Association of America (PIAA).