Robert H. Benmosche, president and CEO of American International Group, predicted that AIG's repayment of a line of credit it has with the Federal Reserve Bank of New York could be complete before the end of this year.
Ambac Financial Group Inc., which filed for bankruptcy protection on Monday, said its third quarter earnings plunged while rival MBIA Inc. said it recorded a $213 million loss during the same period.
Chubb & Son said it has appealed an order from Washington State Insurance Commissioner Mike Kreidler, who is looking to stop six Chubb subsidiaries from writing new
Chubb & Son said it has appealed an order from Washington State Insurance Commissioner Mike Kreidler, who is looking to stop six Chubb subsidiaries from writing new commercial insurance in the state for nine months.
A Mississippi man who wanted the state's insurance department to give him all records it had on homeowners insurance claims filed after Hurricane Katrina was again denied.
A new report from the Florida Office of Insurance Regulation appears to confirm what insurers in the state have been saying about the problem that sinkhole claims have become.