Search Results

Continued rate increases and lower losses led the U.S. Property & Casualty industry to its second consecutive first-quarter underwriting profit in 2013, according to A.M. Best.

Continued rate increases and lower losses led the U.S. property and casualty industry to its second consecutive first-quarter underwriting profit in 2013, a new A.M. Best report says.

Bank of America Corp has rejected a bid to re-open negotiations into its proposed $8.5 billion settlement with investors in mortgage securities, indicating it plans to take its chances that a New York judge will approve the deal.

AIG argued that a proposed $8.5 billion settlement between Bank of America and investors in Countrywide Financial mortgage-backed securities was not big enough.

All force-placed insurance firms doing business in New York have now agreed to put in place reforms that will substantively reduce cost of the coverage to homeowners.

AIG has agreed to end litigation against the Federal Reserve Bank of New York over whether the insurer could sue over losses on residential mortgage-backed securities.

New programs at Travelers, Privilege Underwriters Reciprocal Exchange, NIA, Endurance Specialty Holdings and Victor O. Schinnerer. Honors received by Vertifore. Education Foundation of the American Assn. of Managing General Agents recognizes CIWs and CMGAs. Target Markets Program Administrator Assn. awards CPL designation.

American International Group Inc may pursue a lawsuit accusing Bank of America Corp's Countrywide unit of causing billions of dollars of losses by fraudulently inducing it to buy risky residential mortgage-backed securities.