Buffett, National Indemnity Offer $3.2 Billion for Transatlantic August 7, 2011 By Ben Berkowitz and Dhanya Skariachan A unit of Warren Buffett’s Berkshire Hathaway Inc. made a $3.24 billion buyout offer for Transatlantic Holdings Inc., topping two...
Chartis Expands Building Services Contractors’ General Liability Coverage August 5, 2011 By Andrea Wells Chartis introduced a new general liaiblity product for building services contractors to address several target casualty exposures in a single...
AIG Plans to Keep Mortgage Insurance Unit August 5, 2011 Bailed-out insurer American International Group plans to hold on to its mortgage insurance business even as the rest of that...
Wells Fargo to Pay $590 Million to Settle Wachovia Claim August 5, 2011 By Andrew Longstreth and Dan Wilchins Wells Fargo & Co. plans to pay $590 million to settle a class action lawsuit regarding Wachovia preferred securities and...
April Set U.S. Record for Tornadoes August 5, 2011 By Randolph E. Schmid The U.S. set a record for the most tornadoes within a month with April’s deadly storms. The final report for...
Judge Allows Army Veteran to Sue Rumsfeld for Damages Over Torture August 5, 2011 By Nedra Pickler A judge is allowing an Army veteran who says he was imprisoned unjustly and tortured by the U.S. military in...
Bank of America Says Legal Losses Could Hit $2.3 Billion August 5, 2011 By Joe Rauch Bank of America Corp.’s legal losses could cost as much as $2.3 billion above money already set aside to cover...
Asbestos Claims on Rise at MetLife August 5, 2011 By Ben Berkowitz Asbestos-related claims against MetLife Inc. rose 11 percent in the first half of the year, the company said Friday, mirroring...
AIG Posts Q2 Profit on AIA Stake August 5, 2011 By Ben Berkowitz Bailed-out insurer American International Group reported a profit for the second quarter Thursday, as tax benefits and its one-third stake...
Atlantic Hurricane Forecast Revised August 4, 2011 Federal storm watchers issued an updated 2011 Atlantic hurricane season outlook today, raising the number of expected named storms from...