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He thought he was paying off all his bills and entitled to a little reward in the form of a 2009 Cadillac Escalade. A Missouri business man, however, now owes an even bigger debt to society.

Douglas Peterson will replace Deven Sharma as president of Standard & Poors, effective Sept. 12, 2011, the rating agency has announced.

Circumstances surrounding David Sokol’s recent resignation from Berkshire Hathaway are credit negative for the company, Moody’s Investors Service says, due to an appearance of conflict of interest and, more broadly, management-succession risk at the company.

Circumstances surrounding David Sokol’s recent resignation from Berkshire Hathaway are credit negative for the company, Moody’s Investors Service says, due to an appearance of conflict of interest and, more broadly, management succession risk at the company.

Credit insurer Coface has announced speakers for its 2010 Country Risk Meeting in New York that it said will feature short-term economic forecasts from leading economists, investment advisors and business leaders.

Publicly traded insurance brokers are expected to underperform stocks on the S&P 500 Index coming out of the recession, and Aon is rated the best of the bunch, according to an analyst's note from Citigroup.

Did the availability of directors and officers liability insurance products contribute to the credit crisis fueled by investment firms that securitized subprime mortgages and other debt obligations?

Insurers may have contributed to the credit crisis, because misbehaving company management increasingly believes their liability insurance policies protect them, a lawyer suggested at an industry conference last week.