Bond-insurer Ambac has filed a second suit against JP Morgan Chase Bank claiming the banks mortgage unit perpetrated a fraud by failing to follow proper underwriting guidelines and presenting poor-quality risks to the carrier.
Despite the record number of weather-related catastrophe claims last year, customer satisfaction with homeowners claims experiences improved over the previous year, according to a J.D. Power and Associates survey.
A veteran of the insurance industry is coming out of retirement to launch a holding company that aims to acquire surety agencies because this is a prime opportunity for agents to sell their business.
Its official. 2011 was one of the best claims years for the aviation-insurance market, and that translates into soft-market conditions continuing into 2012, according to a report released by Aon Risk Solutions.
The earthquake that shook the mid-Atlantic region seven months ago is taking an expensive toll on houses of worship that went without earthquake insurance.
Property and casualty insurance company mergers and acquisitions activity increased in 2011 by 28 percent over the previous year, according to a report released by Conning Research & Consulting.
Aon Corp. will remain on the S&P 500 index following its reorganization into a newly formed public-limited company, Aon plc., and moving its headquarters from Chicago to London.