Bank of America

• N.Y. State Senators Consider Hearing on MBIA

  By Mark E. Ruquet, PropertyCasualty360.com  |  May 18, 2012

  Two New York State senators are considering hearings on the split of MBIA after banks raised questions about the move during a hearing in Manhattan.

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  Posting on Facebook—and the Cathedral Door

  By Robert Regis Hyle, PropertyCasualty360.com  |  May 16, 2012

  Is social media becoming passé in the insurance industry? It seems odd to some observers that the perpetually-late-to-the-party insurance industry has already got a handle on things. After all, most insurers have marketing departments on Twitter and, other than my wife, who doesn’t have a Facebook account?

• New York Fed Sells Assets from AIG Bailout to Merrill Lynch

  By Reuters  |  May 10, 2012

  The New York Federal Reserve said on Thursday it sold all its TRIAXX collateralized debt obligations from a portfolio of assets that was used in the government bailout of insurer AIG to Merrill Lynch, following a competitive bid process with eight other Wall Street firms.

• Insurers Seek the Coolness Factor with Mobile Technology

  By Robert Regis Hyle, PropertyCasualty360.com  |  May 1, 2012

  The future is bright for those operating in the mobile technology field. Doing mobile right also means leveraging your previous technology investments—including legacy systems—to make for a meaningful connection to customers and business partners.

• Barclays, Deutsche Bank Win Auction of Toxic AIG Assets

  By Adam Tempkin and Karen Brettell, Reuters  |  April 26, 2012

  Barclays and Deutsche Bank on Thursday won a fierce bidding war for a portfolio of toxic assets the US government acquired in the 2008 bailout of insurance giant AIG.

• MBIA & Banks Go To Trial

  By Mark E. Ruquet, PropertyCasualty360.com  |  April 24, 2012

  After close to three years of legal wrangling, MBIA and a group of banks will finally fight it out in court come May 14 after a New York State judge set a date for trial.

• Judge: Bank of America CEO Moynihan Must Testify in MBIA Lawsuit

  By Reuters  |  April 13, 2012

  A New York judge has ruled that Bank of America CEO Brian Moynihan must testify in a lawsuit brought by bond insurer MBIA Inc. which claims the bank fraudulently induced it to insure risky mortgage-backed securities.

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  Virtual Viewpoint: Mobile for the Midsize (and Smaller) Carriers

  By Chad Hersh  |  March 29, 2012

  Mobile technology has to move up on the priority list for carriers that haven’t started on it yet. It’s likely that the iPad 3 will cause another surge of tablet sales. Smartphones coming out have quad core processors and the average consumer doesn’t even have a quad core desktop yet.

• Fur Flies Between MBIA & Banks

  By Mark E. Ruquet, PropertyCasualty360.com  |  March 13, 2012

  The testiness between guaranty insurer MBIA and a group of banks over insurance coverage of structured financial instruments got more personal as each side accused the other of wrongdoing in court.

• Forced-Place Insurance Rises On Fed's Radar

  By Arthur D. Postal  |  March 9, 2012

  The Consumer Financial Protection Bureau will propose regulations this year imposing strict limits on force-placed insurance for homeowners, bringing it to a level that an industry expert says it should not be.

• Bank of America Dismissed from Allstate RMBS Lawsuit Against Countrywide

  By Phil Gusman, PropertyCasualty360.com  |  February 3, 2012

  Bank of America cannot be held liable to Allstate Insurance Company over residential mortgage-backed securities purchased by Allstate from Countrywide Financial Corporation.

• MBIA Gains Victory in Countrywide Suit

  By Mark E. Ruquet, PropertyCasualty360.com  |  January 5, 2012

  Bond-insurer MBIA Insurance Corp. won a significant victory in New York Supreme Court against Countrywide Home Loans when a judge ruled that MBIA only needs to show misrepresentation by Countrywide, rather than directly linking those misrepresentations to financial securitization losses.

• Allstate Sues Goldman Sachs Over Mortgage-Backed Securities

  By Chad Hemenway, PropertyCasualty360.com  |  August 22, 2011

  Allstate Insurance Co. has filed another lawsuit in New York State Supreme Court seeking to recover investment losses on residential mortgage-backed securities.

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  Allstate Sues Goldman Sachs Over Alleged ‘Junk’ Mortgage Securities

  By Chad Hemenway, PropertyCasualty360.com  |  August 16, 2011

  Allstate Insurance Co. has filed another lawsuit in New York State Supreme Court seeking to recover investment losses on residential mortgage-backed securities.

• Allstate Sues Morgan Stanley Over Mortgage-Backed Securities

  By Chad Hemenway, PropertyCasualty360.com  |  July 7, 2011

  Allstate Corp. has added to its tally of New York lawsuits seeking to recover investment losses on residential mortgage-backed securities with a filing against Morgan Stanley.

• QBE Completes Purchase Of Balboa Insurance

  By Mark E. Ruquet, PropertyCasualty360.com  |  June 3, 2011

  QBE says it has completed its acquisition of Balboa Insurance from Bank of America.