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Employing certain ERM techniques will enable insurers to better mitigate internal and external fraud risks. Here's how.

American International Group Inc won a legal victory over where a mortgage fraud lawsuit it brought against Bank of America Corp should be heard, a two-year-old case that has largely been on hold because of the dispute over venue.

American International Group contends it never forfeited its right to sue mortgage bankers that sold it virtually worthless mortgage-backed securities, and the insurer says a Federal Reserve official has made inconsistent statements to the court on the matter.

A New York state appeals court on Tuesday cleared the way for bond insurer MBIA Inc to pursue a fraud lawsuit against Bank of America Corp over toxic mortgage securities.

American International Group contends it never forfeited its right to sue mortgage bankers that sold it virtually worthless mortgage-backed securities, and the insurer says a Federal Reserve official has made inconsistent statements to the court on the matter.

Shares of bond insurer MBIA Inc rose as much as 7 percent on Friday as investors bet that a new investigation into Bank of America Inc's mortgage practices would pressure the bank to settle a $5 billion lawsuit with the company.

Shares of bond insurer MBIA Inc rose as much as 7 percent on Friday as investors bet that a new investigation into Bank of America Inc's mortgage practices would pressure the bank to settle a $5 billion lawsuit with the company.

Former AIG Chairman and CEO Maurice Hank Greenberg called the intervention by the federal government in the company a nationalization in a Washington public appearance on Thursday.