P/C Insurers Still Saddled with Asbestos Reserve Challenges July 28, 2011 By Ben Berkowitz Asbestos-related diseases have been falling for a decade, but warnings from a pair of U.S. insurance giants about new claims...
MetLife to Sell Banking Unit to Avoid ‘Too Big To Fail’ Regulation July 22, 2011 By Ben Berkowitz and Paritosh Bansal MetLife, the largest life insurance company in the United States, has put its banking operations up for sale to avoid...
Zurich Says Its Policy for Sony Doesn’t Cover Data Breach July 22, 2011 By Ben Berkowitz One of Sony Corp.’s insurers has asked a court to declare that it does not have to pay to defend...
Sony Insurer, Zurich, Files Suit to Deny Data Breach Coverage July 21, 2011 By Ben Berkowitz One of Sony Corp’s insurers has asked a court to declare that it does not have to pay to defend...
S&P Threatens Downgrade of Insurers, Financial Firms Over Debt Ceiling July 18, 2011 By Ben Berkowitz Standard & Poor’s Friday raised the pressure on debt negotiators in Washington, saying it could downgrade insurers, securities clearinghouses, mortgage...
Analysis: Reinsurers at Risk If Hurricane Season Is Big July 1, 2011 By Ben Berkowitz and Sarah Mortimer A major hurricane landfall in Florida could strain leading global reinsurers that have already been buffeted by brutal tornadoes in...
MBIA May Bring Fraud Claim Against Bank of America’s Countrywide July 1, 2011 By Ben Berkowitz and Jonathan Stempel MBIA Inc. may pursue a lawsuit accusing Bank of America Corp.’s Countrywide Financial unit of fraudulently misleading it about mortgage...
Insurers Seek Investment Alternatives as Interest Rates, Pricing Lag June 29, 2011 By Ben Berkowitz Insurers do not expect interest rates to rise materially in the next year or so, leading them to look for...
Court Revives Banks’ Suit Against Bond Insurer MBIA June 28, 2011 By Ben Berkowitz and Jonathan Stempel New York’s highest court Tuesday revived a lawsuit by several large banks challenging bond insurer MBIA Inc.’s 2009 restructuring, which...
LulzSec Hackers Say Disbanding After Last Data Dump June 27, 2011 By Ben Berkowitz and Paritosh Bansal The Lulz Security group of rogue hackers announced it was disbanding Saturday with one last data dump, which included internal...