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 […]
Democratic presidential candidates
Hillary Clinton and Barack Obama skirmished over how to deal
with a new regime in Cuba and their approach to expanding health
insurance coverage during a debate last night in Texas.
Obama said he would meet with new Cuban leader Raul Castro
without preconditions, […]
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 […]
Advent Capital Holdings Plc, a
Lloyds of London insurer and reinsurer, said full-year profit
rose 20 percent after underwriting improved and its Advent Re
unit received no claims.
Net income rose to 19.2 million pounds ($37.7 million), or
4.7 pence a share, from 16 million pounds, or […]
Billionaire investor Warren
Buffetts Berkshire Hathaway Inc. said fourth-quarter profit
fell 18 percent on declining insurance rates.
Net income decreased to $2.95 billion, or $1,904 a share,
from $3.58 billion, or $2,323, a year earlier, the Omaha,
Nebraska-based company said today in a statement. Berkshire
typically gets about […]
American International Group Inc.,
the worlds largest insurer by assets, posted its biggest
quarterly loss as a publicly traded company after an $11.1
billion writedown of guarantees sold to fixed-income investors.
The fourth-quarter net loss of $5.29 billion, or $2.08 a
share, compared with profit of $3.44 […]
American International Group Inc.,
the worlds largest insurer, fell in New York trading after
reporting the biggest quarterly loss in its 89-year history.
AIG dropped $3.29, or 6.6 percent, to $46.86 at 4:03 p.m.
in composite trading. The New York-based insurer late yesterday
posted a fourth-quarter net […]
TUESDAY, FEB. 19
Midwest Society of Association Executives third annual speakers showcase: A speed-learning event. 8 a.m. to 2:30 p.m., Radisson Hotel and Conference Center, 3131 Campus Drive, Plymouth. $45 members, $65 nonmembers. Call Kathy Gatliff, 651-647-6388. Showcase features more than a dozen people delivering high-impact, 15-minute presentations on their favorite topics. Bonus educational session topic: […]