News

Allstate Insurance Company has filed its fifth lawsuit in New York against a bank over investment losses on residential mortgage-backed securities.

The company's latest report cites a new quarterly record for consolidated revenues before reimbursements for the 2010 fourth quarter.

The jackhammers fell silent, church bells pealed, and a Maori lament filled the air as New Zealand came to a standstill to mourn the estimated 240 people killed in an earthquake one week ago Tuesday.

The economic downturn has meant cutbacks in many areas, but technology vendors still continued to invest, producing new, innovative products for the financial services industry, said a technology executive.

The European Union's highest court on Tuesday barred the insurance industry from charging different rates for men and women, saying the widespread practices amounts to sex discrimination against millions.

The European Union's highest court on Tuesday barred the insurance industry from charging different rates for men and women, saying the widespread practices amounts to sex discrimination against millions.