Articles by Chris Dolmetsch, Bloomberg

Assured Guaranty, JPMorgan Settle Mortgage Litigation

Assured Guaranty Ltd. and JPMorgan Chase & Co. agreed to settle lawsuits filed by the bond insurer accusing the bank’s EMC Mortgage and Bear Stearns units of making misrepresentations about mortgage-backed securities. Assured Guaranty Corp., a New York-based unit of …

New York City Prep School Sues AIG Insurers Over Denial of Abuse Coverage

New York City prep school Horace Mann sued units of American International Group Inc. saying they refused to defend and indemnify the school for damages stemming from sex-abuse claims by former students against teachers. The Bronx school sued AIG’s Granite …

Chubb Must Face Bear Stearns Suit Over Coverage for SEC Deal

Chubb Corp.’s Vigilant Insurance must face a lawsuit by Bear Stearns Cos. accusing the insurer of breach of contract for refusing to pay part of a U.S. Securities and Exchange Commission settlement, New York state’s highest court ruled. Bear Stearns …

Allstate, Citigroup Settle Mortgage Securities Lawsuit

Allstate Corp. and Citigroup Inc. agreed to settle a lawsuit filed by the insurer in New York state court accusing the bank of fraudulently selling hundreds of millions of dollars of mortgage-backed securities. Allstate, the largest publicly traded U.S. home …