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Rep. Barney Frank, D-Mass., says large financial institutions such as insurers are running away from being labeled “systemically significant” even though one benefit would likely be a reduced cost of capital.
Liberty Mutual Insurance Co. and several subsidiaries have filed a lawsuit against Goldman Sachs & Co. claiming the broker misled them in a preferred stock offering for Federal Home Loan Mortgage Corp. late in 2007.
With the onset of the hurricane season, the insurance industry is exhibiting signs of reaching its soft-market bottom as capacity is beginning to be reined in and some lines of business are seeing price increases, according to a report from insurance broker Marsh.
With the onset of the hurricane season, the insurance industry is exhibiting signs of reaching its soft-market bottom as capacity is beginning to be reined in and some lines of business are seeing price increases, according to a report from insurance broker Marsh.
When it sells stock to the public later this year, insurance giant American International Group Inc. is planning to replace one or more of the four investment banks that managed its share offering in May, according to a published report.
When it sells stock to the public later this year, insurance giant American International Group Inc. is planning to replace one or more of the four investment banks that managed its share offering in May, according to a published report.
Insurance agents in states along the swollen Missouri River basin say federal officials are causing widespread confusion among property owners by pushing the sale of flood insurance policies that might not cover damage from the river flooding that began this month.
A proposed $55 million class-action settlement between a building supplier and hundreds of Florida homeowners whose homes were damaged by tainted Chinese drywall may be unfair to victims, says a group of attorneys.
Alterra Capital Holdings Ltd. says reinsurance subsidiary Alterra Bermuda has been approved by the New York Insurance Department to post reduced collateral when doing business in the Empire State.
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