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A Manhattan federal judge has ordered an insurer to keep advancing legal fees of a hedge fund implicated in a criminal insider trading probe, saying the insurer was not excused because a fund analyst knew there might be a fraud when the policy was taken out.
The New York State Department of Financial Services ordered force-placed insurers to submit new proposals for premium rates, contending that the industry charges homeowners too much, an order that was music to consumer groups' ears.
The New York State Department of Financial Services ordered force-placed insurers to submit new proposals for premium rates, contending that the industry charges homeowners too much, an order that was music to consumer groups' ears.
New York States move to place Financial Guaranty Insurance Co. into rehabilitation does not necessarily mean the end is near for the bond insurer, but it faces a difficult road ahead says one industry expert.
New York States move to place Financial Guaranty Insurance Co. into rehabilitation does not necessarily mean the end is near for the bond insurer, but it faces a difficult road ahead says one industry expert.
FreightWatch will offer Chubb customers a 10 percent discount to use their product and Chubb is set to waive thousands in deductibles for policyholders using FreightWatch.
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