Bond insurer MBIA Inc and Bank of America Corp have reached a settlement in an ongoing legal dispute, and BofA will pay MBIA $1.6 billion, sources familiar with the matter said on Monday.
A securities analyst is upgrading Assurant stock because he sees less downward pressure on lender-placed premium rates than originally feared due to state and federal regulatory actions.
A securities analyst is upgrading Assurant stock because he sees less downward pressure on lender-placed premium rates than originally feared due to state and federal regulatory actions.
New York insurance regulators are urging other states to use its settlement agreement with Assurant, Inc. as a template for a national policy on the issue.
New York insurance regulators are urging other states to use its settlement agreement with Assurant, Inc. as a template for a national policy on the issue.
New Yorks top insurance regulator said during a state Assembly hearing that Superstorm Sandy has highlighted the need for uniformity and clarity in property-insurance policies. He also vowed to examine anti-concurrent causation clauses.
In an effort to resolve outstanding non-flood-related insurance claims from Superstorm Sandy, New Yorks governor has established a mediation program and established new rules to speed the insurance-claims process.