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U.S. Insurers Now Among Major Buyers of ETFs: JP Morgan
Nov 21 2016 // The booming demand for hot exchange-traded funds has finally caught up with the staid, sleepy insurance industry. U.S. insurers are the latest group of investors to start buying ETFs (exchange-traded funds) en masse, with...
JP Morgan, Assurant Settle Force-Placed Insurance Claims for $300M
Sep 10 2013 // JPMorgan Chase & Co and a major insurer have agreed to a $300 million settlement to resolve accusations that they forced homeowners into over-priced property insurance and entered into kickback arrangements that...
Court Throws Out Class Action Against JP Morgan Over Clearing Broker
Mar 18 2013 // A U.S. federal appeals court on Friday threw out a class action lawsuit against JPMorgan Chase & Co., making it easier for companies that clear trades to avoid being accountable to investors who are defrauded by their...
N.Y. Court: AG Enforcement Doesn’t Pre-empt Private Securities Suits
Dec 21 2011 // Enforcement by the state attorney general against securities fraud doesn’t pre-empt private common-law claims of negligence against investment companies, New York’s top court ruled Tuesday. The Court of Appeals...
Progressive Names JP Morgan’s Miller as Director
Jun 21 2011 // Insurance company Progressive Corp. said that it named JPMorgan Chase & Co. executive Heidi Miller as a board member and authorized a share buyback. Miller, 58, will serve a term that ends at Progressive’s annual...
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