Insurance News

MBIA Inc. rose in Europe after the company agreed to reinsure $184 billion in municipal bonds for Financial Guaranty Insurance Co.

MBIA announced Wednesday that it has reached an agreement with Muni Bond insurer Financial Guaranty Insurance Company [FGIC] to reinsure $184 billion principal amount of public finance bonds insured by FGIC.

The population of renters across the country is growing, edged up in part by a slumping housing market.

Caterpillar Inc expects weakness in rich-country economies to persist into 2009 but its sales in China will remain strong, Jim Owens, chairman and chief executive of the U.S. construction and mining equipment ...

MBIA Insurance Corp. will reinsure U.S. public finance bonds insured by Financial Guaranty Insurance Co.

Zurich Financial Services, which purchased Turkish general insurer TEB Sigorta at the beginning of the year, has finalized a campaign to promote the name change as of yesterday.

The crisis of confidence that sent Fannie Mae and Freddie Mac debt costs to record highs above U.S. Treasuries is also providing the mortgage-finance companies with the biggest profits on new investments since ...

Royal Bank of Scotland has appointed the deputy chairman at Northern Rock, the troubled nationalised lender, as one of three new non-executive directors in a move aimed at pacifying investors.

Salvatore Longo preyed on prostitutes by picking them up in his car, telling them he was a cop, then forcing them to commit sexual acts, according to court testimony yesterday.

WESTFIELD Group, the world's biggest listed shopping centre owner, says first-half net profit declined 34.9 per cent to $1.29 billion as the value of its properties dropped on the credit crunch.

Business Insurance's Annual Readers Choice Awards recognizes the best overall commercial insurance industry companies and lets subscribers weigh in on which companies they think are the leaders in service, ...

Treasuries rose Monday on speculation that credit-market turmoil may be widening.

DAVOS, Switzerland-New forms of private-public partnerships are needed, particularly for developing nations, to deal with risks and costs related to climate change, Swiss Reinsurance Co.'s chairman said in a ...

BLUE BELL, Pa., Aug. 25, 2008 -- PMA Capital Corporation today announced that Vincent Donnelly, Chief Executive Officer, and William Hitselberger, Chief Financial Officer, are scheduled to present at the ...

PR Newswire Source: PR Newswire Wordcount: 1104 DARIEN, Ill. , Aug. 25 /PRNewswire-FirstCall/ -- What you don't know about your car insurance policy could be draining your wallet right now.

Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market: NYSE American International Group Inc., down $1.09 at $18.78 Fitch Ratings warned it might cut ...

Kingsway Financial Services Inc. said Monday it has signed a deal to sell York Fire and Casualty Insurance Co.

American International Group Inc. , the largest U.S. insurer, fell 5.1 percent in New York trading after Credit Suisse Group said the company may post a third- quarter loss of $2.41 billion on mortgage-related ...

Stocks retreated early Monday as financial stocks fell and oil prices rose. The Dow Jones industrial average fell about 100 points.

Financial stocks like American International Group Inc. declined Monday after Fitch Ratings warned Friday that it might cut its ratings on the insurer.

Light, sweet crude rose 56 cents to $115.15 per barrel on the New York Mercantile Exchange. Stocks staged a big rally Friday after crude tumbled more than $6 a barrel, its biggest percentage drop in more than four years. Investors have welcomed easing energy prices because they hope that will boost consumer spending, which accounts for more than two-thirds of the U.S. economy.

The U.S. dollar rose broadly on Monday, hitting a two-year high against sterling, with a downtrend in commodity prices intact, leaving investors scurrying to buy back the currency and sparking a rebound in ...