As concern over losses in the U.S. subprimarket move from the boardroom to the courtroom, insurers who underwrite the liability of major financial institutions are preparing for a new rash of claims,...
According to the National Association for Business Economics survey, the combined risk of mortgage defaults and heavy debt loads has overtaken terrorism as the biggest short-term threat to the U.S....
New York authorities and Willis Group Holdings Ltd. have reached an agreement allowing the brokerage to begin accepting certain fees from insurers in brokerage transaction. Willis can charge and accept...
For the fifth straight month, sales of previously owned homes in the U.S. fell in July, contributing to the supply of unsold properties and reflecting a housing slump.
According to the National...
On Thursday, FEMA (Federal Emergency Management Agency) decided to scarp plans that would have cut its financial assistance to public entities and certain non-profit organizations that sustain property...
The subprime crisis has affected the insurance stocks of carriers such as Genworth, Chubb, Ace, Hartford and Allstate. Genworth has been hit the hardest and is down about 20% while shares of Hartford and...
After a state inspector general report found Florida Insurance Commissioner Kevin McCarty had inappropriately used state resources by forwarding one e-mail related to a political campaign but did not...
Last week North Carolina governor signed into law legislation that would limit the ability of mortgage brokers to charge customers above-market rates and prepayment penalties and to protect subprime...
Two former governors urged the National Governors Association to back federal legislation that would enhance the competitiveness of the insurance industry and deliver greater choice and efficiency for...
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