News

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.

Florida Citizens Property Insurance Corp. is considering the use of private reinsurance, and its risk-transfer plan this year could also include the issuance of its first catastrophe bond.

Florida Citizens Property Insurance Corp. is considering the use of private reinsurance, and its risk-transfer plan this year could also include the issuance of its first catastrophe bond.

Sixteen New Yorkers are the targets of the latest fraud lawsuit filed in the state by Allstate Insurance.

The year 2011 came to a close with firm evidence that the soft market has ended, according to the latest figures released by the electronic insurance exchange MarketScout.

The year 2011 came to a close with firm evidence that the soft market has ended, according to the latest figures released by the electronic insurance exchange MarketScout.