Sellers of insurance on bonds issued by bankrupt Lehman Brothers Holdings Inc. are now likely to face demands that they...
National News
American International Group’s meltdown may serve at least one (if not more) positive purpose: spotlighting the difference between the insurance...
Real time technology is giving agencies immediate access to carrier information on their clients, allowing agencies to quickly and efficiently...
American International Group’s (AIG) exposure to the subprime mortgage market that precipitated the government’s $85 billion bailout came as a...
U.S. life insurers Lincoln National Corp. and ACE Ltd reassured investors that they have enough capital, but credit rating agency...
Standard & Poor’s Ratings Services has revised its outlook on Sedgwick CMS Holdings Inc. to stable from positive, and has...
Wells Fargo & Co. has won the bidding for Wachovia Corp., beating out Citicorp. Citicorp, while stepping aside, said it...
The chairman of the Securities and Exchange Commission on Wednesday urged the U.S. Congress to act now to provide oversight...
Citigroup Inc. and Wells Fargo & Co. agreed to extend their legal standstill for two more days as they scrambled...
Bad faith remedies designed to protect insurance consumers from unfair claim settlement practices can potentially harm consumers, warns a new...