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JPMorgan Chase losing $2 billion put me right back into those fun days of the implosion of Lehman Brothers.

The insurance industry held more than $1.1 billion of JPMorgan stock when the bank announced a trading loss of $2 billion on May 10, but most companies should escape any long-term fallout on their portfolios, reports SNL Financial.

Once upon a time, both banking and insurance were synonymous with security, stability and strength. For banks, that image has been tarnished by risky schemes like that perpetrated by JPM.

Bond insurer Assured Guaranty Ltd filed new claims against JPMorgan Chase & Co over a mortgage-backed security sold by Bear Stearns, saying more than 35 witnesses have come forward to testify about how loans in the $337 million transaction were misrepresented.

A judge threw out federal securities-law claims in Allstate Corp's fraud lawsuit against Bank of America Corp's Countrywide unit over $700 million of toxic mortgage debt, but said the insurer may pursue state law claims.

What a difference one election can make.

While everyone and their grandmother was getting in a lather about AIG paying $165 million in retention bonuses to its notorious Financial Products unit, there ...

However, the number of bank holding companies reporting insurance income decreased slightly, according to findings by Michael White Associates bank insurance consulting firm in Radnor, Pa., and the Am