BofA Denies Government Claim of ‘Massive Fraud’ in Trial Over Mortgages September 25, 2013 By Nate Raymond Bank of America Corp.’s Countrywide unit placed profits over quality in a “massive fraud” selling shoddy mortgages to Fannie Mae...
Aon Names Andersen, O’Connor CEOs of Key Units September 25, 2013 By Noah Buhayar Aon Plc, the world’s second-biggest insurance broker by market value, named Eric Andersen head of the Aon Benfield reinsurance operation...
Quiet Atlantic Storm Season Humbles Forecasters September 25, 2013 By Brian K. Sullivan The 2013 Atlantic hurricane season is humbling forecasters by shaping up as the first in almost two decades without a...
Fireman’s Fund Launches New Commercial Property Form for Highly Protected Risks September 24, 2013 Fireman’s Fund Insurance Co. has launched Property-Gard Pinnacle, a new commercial property form that integrates new coverages and policy format...
Willis North America Names Joost Chief Operating Officer September 24, 2013 Willis North America has appointed Eric Joost as chief operating officer. Joost has been serving as chief executive of Willis...
Beecher Carlson Expands Energy Practice with Appointment of Wass September 24, 2013 Atlanta-based insurance broker Beecher Carlson, a division of Brown & Brown Inc., has appointed Frederick Wass as senior vice president....
Not So Fast: Driverless Vehicles Face Driver Caution and Other Speed Bumps September 24, 2013 By Angela Greiling Keane, Bloomberg The world has moved quickly from wonder at the idea of driverless cars to impatient expectation. The Cadillac SRX zipping...
Employers Could Save Billions Swapping COBRA For Obamacare September 24, 2013 By Jay Hancock, KHN Staff Writer Health-law provisions taking effect next year could save U.S. employers billions of dollars in...
AIG, Brookfield End Litigation Over Financial Crisis September 24, 2013 By Patricia Hurtado American International Group Inc. and Brookfield Asset Management Inc. agreed to end a 2009 lawsuit in which Brookfield sought a...
ProAssurance to Acquire Workers’ Comp Insurer Eastern Holdings September 24, 2013 Medical professional liability insurer ProAssurance Corp. said it is acquiring monoline workers’ compensation insurer Eastern Insurance Holdings Inc. in an...