LOS ANGELES
- A homeless man testified Friday he was befriended by an elderly woman who is now charged with killing two other homeless men for profit and was pressured to sign documents with his personal information %26mdash; papers he now believes involved insurance policies.Jimmy Covington, 48, took […]
Ambac is in talks with banks and others to raise about $3 billion of capital, according to people familiar with the matter.
If successful, Ambac is expected to meet Moody’s target level for the top rating, the rating agency said in a statement.
Ambac’s ratings are on review as rating agencies view its capital as insufficient due […]
NEW YORK, Feb 29 (Reuters) - Defaults on privately insured
U.S. mortgages rose 31.3 percent in January to the highest
level on record, as more homeowners failed to keep up with
their loan payments.
The Mortgage Insurance Cos of America said on Friday 68,950
insured borrowers were at least 60 days late on payments in
January, up from 52,528 […]
SINGAPORE (Reuters) - Allianz (ALVG.DE: Quote, Profile, Research), Europe’s top insurer, believes market turbulence has created acquisition opportunities in Asia, and predicts Asian sales will climb to 10 percent of total group income, or 10 billion euros ($15 billion).
The Munich-based firm generated 8.8 billion euros from selling life insurance and property and casualty cover in […]
WASHINGTON - The Supreme Court refused Tuesday to offer help to Hurricane Katrina victims who want their insurance companies to pay for flood damage to their homes and businesses.
The justices rejected appeals from Xavier University and 68 other individuals and businesses seeking to allow their lawsuits […]
NEW YORK - Wall Street finished higher in an uneasy session Monday as retail and homebuilders stocks rose on expectations for more interest rate cuts, but banks and insurers fell on worries about further mortgage debt troubles.
The Federal Reserve has been in rate-cutting mode this year and it is expected to lower the federal funds […]
Shelley Madore has lived through the health care crisis. Even though she had health insurance, Madore was nearly bankrupted when her kids became ill. And the financial and emotional strains of the ordeal helped lead to the end of her marriage, too.
But Madore didn’t take her troubles lying down. She stood up. And ran for […]
Legislators return today to the Capitol, where the forecast is for a contentious election-year session with considerable chance of gridlock. But the table’s been set for one major exception: Lawmakers can and should agree this year to set in motion cost-saving, quality-improving changes in health care that lead to affordable health insurance coverage for every […]
WASHINGTON - The Supreme Court refused Tuesday to offer help to Hurricane Katrina victims who want their insurance companies to pay for flood damage to their homes and businesses.
The justices rejected appeals from Xavier University and 68 other individuals and businesses seeking to allow their lawsuits […]
Shelley Madore has lived through the health care crisis. Even though she had health insurance, Madore was nearly bankrupted when her kids became ill. And the financial and emotional strains of the ordeal helped lead to the end of her marriage, too.
But Madore didn’t take her troubles lying down. She stood up. And ran for […]