Tag Archives: insurer
Dewey ex-chairman agrees to proposed settlement to resolve claims
The former chairman of Dewey & LeBoeuf has agreed to pay more than half a million dollars in a proposed settlement with Dewey’s trustee and insurer to resolve claims that bad management led to the law firm’s demise, according to papers filed in federal bankruptcy court. Continue reading
Goldman fails to dismiss Prudential mortgage fraud lawsuit
By Jonathan Stempel (Reuters) – Goldman Sachs Group Inc must face a lawsuit in which Prudential Financial Inc accused the Wall Street bank of defrauding it into buying more than $375 million of residential mortgage-backed securities it knew were unsafe. U.S. Continue reading
Credit Suisse settles mortgage case with bond insurer Ambac
Credit Suisse Group AG settled a lawsuit brought by bond insurer Ambac Financial Group Inc over misrepresentations on mortgage-backed securities that Ambac insured in 2007, according to court documents and a source familiar with the matter. Continue reading
Why traffic tickets often don’t hike your insurance
Only 31 percent of drivers who have gotten at least one traffic ticket say the citation resulted in a rate increase from their car insurer, according to a survey by InsuranceQuotes.com. Why? Continue reading
AIG Prices Remaining AIA Stake At Discount, To Raise $6.5 Bln
NEW YORK CITY (dpa-AFX) – Insurer American International Group, Inc. (AIG) on Tuesday priced its placement of remaining stake of 1.65 billion ordinary shares in Hong Kong-listed American Internati… Continue reading
SEC has examined Bank of America mortgage repurchases
Securities regulators have made inquiries into the mortgage repurchase practices at Bank of America Corp’s Countrywide unit, according to a transcript filed in a lawsuit against the bank by insurer MBIA Inc. Continue reading
MetLife warns on 2013 profit, expects no stock buybacks
(Reuters) – MetLife Inc warned that 2013 earnings might be well below Wall Street expectations and said it did not expect to buy back any shares next year, a blow to investors who have been waiting more than a year for a capital return. Continue reading
Young drivers still texting, surfing the Web
Nearly seven in 10 young drivers still text behind the wheel, according to a new annual survey by insurer State Farm. Continue reading
