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Bank of America cannot be held liable to Allstate Insurance Company over residential mortgage-backed securities purchased by Allstate from Countrywide Financial Corporation.

Bank of America cannot be held liable to Allstate Insurance Company over residential mortgage-backed securities purchased by Allstate from Countrywide Financial Corporation.

Bond insurer Assured Guaranty Ltd filed new claims against JPMorgan Chase & Co over a mortgage-backed security sold by Bear Stearns, saying more than 35 witnesses have come forward to testify about how loans in the $337 million transaction were misrepresented.

The Hartford has appointed Robert Rupp as executive vice president and chief risk officer, reporting to Liam E. McGee, the companys chairman, president and chief executive officer.

The Hartford has appointed Robert Rupp as executive vice president and chief risk officer, reporting to Liam E. McGee, the companys chairman, president and chief executive officer.

It came as no surprise to anyone that has followed the Floridas reinsurance fund that it could potentially have a $3.2 billion shortfall, according to new report issued by independent-financial advisor Raymond James.

It came as no surprise to anyone that has followed the Floridas reinsurance fund that it could potentially have a $3.2 billion shortfall, according to new report issued by independent-financial advisor Raymond James.

Chartis CEO Charts Peter Hancock discusses weathering the bailout of AIG, talent-retention, growth opportunities and the benefits of being big.