News

The order, issued today by the SEC and the United Kingdom's Financial Services Authority, will prohibit short selling of the companies' stock "to protect the integrity and quality of the securities ma

Guaranty insurers Ambac Financial Group and MBIA Inc. criticized Moody's announcement that it placed the companies on review for possible downgrade, one calling the announcement driven by marketplace

Preferred and common stock exposure also was not significant, Bank of America said. Major insurers with preferred/common stock exposure as of 2007, Bank of America said, are Hartford, $61 million; AIG

Oliver Wyman, a management consulting unit of MMC, announced the opening of a Bermuda office today, concurrently releasing a report outlining challenges facing Bermuda insurers and the qualities of le

WASHINGTON--Two insurer groups are opposed to a proposal made last night to extend the current National Flood Insurance Program (NFIP) until April 30, 2009, saying the solution is a bipartisan bill tha

Yesterday, A.M. Best and Moody's said they're not changing ratings or rating statuses for American International Group or its insurance operations, even though an $85 billion federal government credit