U.S. Regulator Unveils New Insurance Fee Guidelines November 5, 2013 A U.S. housing regulator said on Tuesday that it would ban some fees and commissions that borrowers are compelled to...
Morgan Stanley Says AIG May Sue Over Mortgage Investments November 5, 2013 By Michael J.Moore Morgan Stanley, the sixth-largest U.S. bank by assets, said it may be sued by American International Group Inc. over mortgage-backed...
A Wary Supreme Court Allows Facebook’s $9.5M Privacy Settlement November 5, 2013 By Lawrence Hurley The U.S. Supreme Court on Monday let stand Facebook Inc.’s $9.5 million class action settlement over allegations the social networking...
Travelers Cancels ExlService Outsourcing Contract, Citing Confidentiality Breach November 5, 2013 Travelers Cos., the property insurer in the Dow Jones Industrial Average, ended a contract with ExlService Holdings Inc. after the...
Gala, Insurance Industry Raise $2 Million for City of Hope November 4, 2013 By Don Jergler The National Insurance Industry Council raised more than $2 million this year in the ongoing battle to cure cancer and...
Talent War Continues: XL Hires AIG’s Miller to Oversee Global P/C Claims November 4, 2013 XL Group Plc, the insurer led by Chief Executive Officer Mike McGavick, hired David Miller as senior vice president and...
Judge Dismisses Suit Against Bank of America For Not Disclosing AIG Claims November 4, 2013 By Jonathan Stempel Bank of America Corp. has won the dismissal of an unusual lawsuit in which shareholders accused it of concealing a...
World Needs Insurance Industry to Be ‘Bold’ and ‘Sexy’ Now, PLUS Told November 4, 2013 By Andrew G. Simpson It’s time for the insurance industry to be “bold” and “sexy” in creating new insurance products and services to help...
Confie Head on McKinsey: M&As Indy Agents’ Salvation November 4, 2013 By Don Jergler It may not be quite as dire as a “merge or die” mindset, but the message from the head of...
BP Oil Spill Settlement Opponents Ask Court to Rescind Approval November 4, 2013 By Allen Johnson Jr. and Margaret Cronin Fisk Opponents of BP Plc’s $9.2 billion partial settlement of private-party claims from the 2010 Gulf of Mexico oil spill are...