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By Mark E. Ruquet, PropertyCasualty360.com |
May 24, 2012
Wisconsin’s commissioner of insurance amended his decision from last week and will now allow Ambac to purchase just two of three bank notes.
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By Anya Khalamayzer, PropertyCasualty360.com |
May 18, 2012
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.
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By Elizabeth Festa, PropertyCasualty360.com |
May 18, 2012
Lawmakers and industry and government officials pushed for supervisory harmony and a robust role abroad by the U.S. Federal Insurance Office to increase international competitiveness for the U.S. insurance industry.
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By Laura Mazzuca Toops, PropertyCasualty360.com |
May 17, 2012
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.
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By Reuters |
May 17, 2012
The Federal Reserve Bank of New York said on Thursday it has postponed the latest sale of mortgage-backed assets from the Maiden Lane III portfolio, which it acquired as part of a rescue package for the giant U.S. insurer AIG.
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By Mark E. Ruquet |
May 14, 2012
A LONG-SIMMERING dispute among Ryan Specialty, CRC Insurance Services and Crump Group over the poaching of employees has come to end with a settlement.
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By Mark E. Ruquet, PropertyCasualty360.com |
May 7, 2012
A long-simmering dispute between Ryan Specialty, CRC Insurance Services and Crump Group over the poaching of employees has come to end with a settlement.
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By Mark E. Ruquet, PropertyCasualty360.com |
May 3, 2012
Ambac has pulled out of a suit against Bank of America Corp. involving an $8.5 billion mortgage-bond settlement.
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By Elizabeth Festa, Arthur D. Postal PropertyCasualty360.com |
May 3, 2012
Insurance companies that own or operate a savings & loan will face fresh oversight from the Federal Reserve Board, which is creating a process by which to examine those financial institutions that have significant banking assets.
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By Contributing Author |
May 2, 2012
Paper checks are expensive to produce and process, while prepaid cards help insurers save time and money.
