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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.
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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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By James Ruotolo |
January 27, 2012
Given the swell in user-generated content housed on social media sites, it is no surprise that insurance claims adjusters and fraud investigators turn to these sites when conducting investigations. Navigating the social media landscape, however, can be tricky. Here's what you need to know.
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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.
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By Phil Gusman, PropertyCasualty360.com |
August 22, 2011
Former Marsh executive William Gilman has filed a $60 million complaint against Eliot Spitzer and The Slate Group, LLC over an article Spitzer wrote for Slate that is, according to the complaint, “patently false and defamatory to [Gilman] in several respects.”
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By Chad Hemenway, PropertyCasualty360.com |
July 21, 2011
Zurich American Insurance Co. says it is not obligated to indemnify or defend Sony Corp. against lawsuits and investigations related to the hacking of Sony’s PlayStation Network.
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By Chad Hemenway, PropertyCasualty360.com |
December 17, 2010
New York Attorney General Andrew Cuomo has decided to withdraw his appeal of a judge's July decision to throw out the convictions of two Marsh & McLennan executives, according to court documents.
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By Chad Hemenway, PropertyCasualty360.com |
August 27, 2010
For eight years United States Fidelity & Guaranty Company (USF&G), now part of Travelers Cos., had been looking to recoup from reinsurers about half of a $987 settlement with an asbestos policyholder.
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By Chad Hemenway, PropertyCasualty360.com |
August 26, 2010
For eight years United States Fidelity & Guaranty Company (USF&G), now part of Travelers Cos., had been looking to recoup from reinsurers about half of a $987 settlement with an asbestos policyholder.
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By Mark E. Ruquet, PropertyCasualty360.com |
July 19, 2010
New York Supreme Court Judge James A. Yates has thrown out the 2008 convictions of two former executives of Marsh on felony monopoly charges for accepting contingent commission kickbacks.
