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A subsidiary of Chubb Corp. and other insurers must defend themselves against a lawsuit for refusing to cover more than $200 million paid out by Bear Stearns over illegal mutual fund trading practices, New York's highest court ruled on Tuesday.

Concerning issues related to economics, reserving, analytics, regulatory concerns and healthcare, should CFOs be paying particular attention and why?

Concerning issues related to economics, reserving, analytics, regulatory concerns and healthcare, should CFOs be paying particular attention and why?

Goldman Sachs Group Inc must face fraud claims brought by CIFG Assurance North America over insurance it provided for $275 million in mortgage-backed securities, a New York state appeals court ruled on Tuesday.

Goldman Sachs Group Inc must face fraud claims brought by CIFG Assurance North America over insurance it provided for $275 million in mortgage-backed securities, a New York state appeals court ruled on Tuesday.

Bond insurer Assured Guaranty Ltd said UBS AG will pay it $358 million to settle a lawsuit that accused the bank of falsely representing the quality of the loans underlying $1.49 billion of mortgage-backed securities.

Bond insurer Assured Guaranty Ltd said UBS AG will pay it $358 million to settle a lawsuit that accused the bank of falsely representing the quality of the loans underlying $1.49 billion of mortgage-backed securities.

New York State governor Andrew Cuomo has named 10 banks, including Capital One Financial Corp and SunTrust Banks Inc, that he says are sitting on $41 million in insurance money owed to victims of Superstorm Sandy, which hit the northeastern United States last year.