Munich Re reported forecast-beating net profit of $1.3 billion in the first quarter as low damage claims offset an 11 percent drop in income from investments.

Investigators have confirmed that ammonium nitrate was the trigger for the explosion at a West, Texas, fertilizer plant last month that left 14 people dead and some 200 injured, according to the Texas state fire marshal's office.

Investigators have confirmed that ammonium nitrate was the trigger for the explosion at a West, Texas, fertilizer plant last month that left 14 people dead and some 200 injured, according to the Texas state fire marshal's office.

Personal-lines insurers priced risks a bit more competitively in April, with rates climbing by 3 percent year-over-year compared to 4 percent in March, according to MarketScouts latest market barometer.

Personal-lines insurers priced risks a bit more competitively in April, with rates climbing by 3 percent year-over-year compared to 4 percent in March, according to MarketScouts latest market barometer.

Goldman Sachs Group Inc must face fraud claims brought by CIFG Assurance North America over insurance it provided for $275 million in mortgage-backed securities, a New York state appeals court ruled on Tuesday.

Goldman Sachs Group Inc must face fraud claims brought by CIFG Assurance North America over insurance it provided for $275 million in mortgage-backed securities, a New York state appeals court ruled on Tuesday.

American International Group Inc may pursue a lawsuit accusing Bank of America Corp's Countrywide unit of causing billions of dollars of losses by fraudulently inducing it to buy risky residential mortgage-backed securities.