Commercial Lines

The day after more than a dozen tornadoes tore through the Dallas-Fort Worth area, throwing tractor-trailers like sticks into the air and peeling roofs from homes, residents and business owners are picking up the pieces.

Bond-insurer Ambac has filed a second suit against JP Morgan Chase Bank claiming the banks mortgage unit perpetrated a fraud by failing to follow proper underwriting guidelines and presenting poor-quality risks to the carrier.

The Federal Reserve Bank of New York Monday asked a federal court in Manhattan to promptly dismiss a lawsuit alleging that the federal government discriminated against American International Group by taking it over rather than loaning it money when it ran into financial problems in September 2008.

Microinsurance is not an act of charity but a business model that can pay insurers real dividends while helping the impoverished climb back from natural catastrophes, says the Chairman of Swiss Re America.

Microinsurance is not an act of charity but a business model that can pay insurers real dividends while helping the impoverished climb back from natural catastrophes, says the Chairman of Swiss Re America.

U.S. Senate candidate Elizabeth Warren blasted American International Group and the U.S. government for allowing the insurer to get a tax break after receiving a government bailout, calling it a stealth bailout.