As Knight Capital Group Inc struggles for survival after massive trading losses it said were caused by bad software, there seems to be little chance it can rely on insurance to save the day.
Hedge fund heavyweight David Einhorn's reinsurance business, Greenlight Capital Re Ltd, on Tuesday warned that other insurers were making "irrational" deals in Florida in the face of heavy competition.
Some of the world's largest insurers for corporate directors and officers could be on the hook for hundreds of millions of dollars in claims over the next few years to cover legal costs for people caught up in the Libor scandal.
Some of the world's largest insurers for corporate directors and officers could be on the hook for hundreds of millions of dollars in claims over the next few years to cover legal costs for people caught up in the Libor scandal.
The drought ravaging America's prime farmland is having an unexpected consequence that could shape the future of agricultural finance: in some cases, farmers who have amped up their insurance coverage may be giving up on their crops early rather than to trying to save them.
The drought ravaging America's prime farmland is having an unexpected consequence that could shape the future of agricultural finance: in some cases, farmers who have amped up their insurance coverage may be giving up on their crops early rather than to trying to save them.
Progressive Corp already has hundreds of thousands of auto insurance customers who willingly let the company track their driving behavior in exchange for the chance at substantial discounts, and on Monday the company opened the door to competitors' clients as well.
Progressive Corp already has hundreds of thousands of auto insurance customers who willingly let the company track their driving behavior in exchange for the chance at substantial discounts, and on Monday the company opened the door to competitors' clients as well.
The U.S. Supreme Court on Monday said it would not hear an appeal from insurer Louisiana Citizens on a class-action lawsuit that followed Hurricane Katrina, handing another victory to plaintiffs who are already owed more than $105 million.
Bailed-out insurer AIG on Thursday said the head of its airplane leasing unit admitted to having an inappropriate relationship with an employee, and the company demoted him and cut his salary as a result.