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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.
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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.
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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.
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By Christina Bramlet, PropertyCasualty360.com |
January 20, 2012
A leading financial analyst at Morgan Stanley predicts a massive settlement between BP and the U.S. Dept. of Justice may be underway and finalized in Feb.
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By Mark E. Ruquet, PropertyCasualty360.com |
December 13, 2011
Financial institutions Morgan Stanley and HSBC reached an agreement with guaranty insurer MBIA to withdraw from their legal challenges and go their separate ways, leaving five firms to battle it out over the insurer’s restructuring and accusations the banks fraudulently secured insurance coverage.
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By Matt Norris, Jim Whetstone |
October 24, 2011
While smartphones and other mobile devices are increasingly used like personal computers and require the same security now standard in PCs—such as antivirus software and encryption—most mobile devices have the same lack of security as a 1998 PC.
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By Myles Neligan, Reuters |
October 18, 2011
Insurers are seldom fazed by technical complexity or heavy expenditure, yet even they have flinched when confronted with the intricacy and high implementation costs of Solvency II, a set of new capital rules for the European insurance industry.
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By Christopher S. Rugaber, Associated Press, Daniel Wagner, Associated Press |
August 30, 2011
The damage from Irene and other disasters means that property insurance premiums will likely rise across the board into 2012, says one research analyst.
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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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By Christopher Timm |
August 19, 2011
Century Surety President Christopher Timm provides an E&S carrier executive perspective on the property insurance market, revealing that a remarkable period of natural disasters has had less direct impact on the U.S. surplus lines insurance marketplace than on admitted carriers. But pressures from global reinsurers could fuel capacity challenges and...
