MBIA Inc., the world’s largest bond insurer, held onto its top credit ratings from Standard & Poor’s Monday, in a development that soothed stock and bond investors fearing downgrades would roil capital markets. Standard & Poor’s said it had grown …
Unity Raceway in Skowhegan, Maine is being sued by a former auto racing television host who was badly injured during an accident two years ago. John Crawford’s lawyer says the Mainely Motorsports host suffered permanent injuries after a car went …
In a statement, separate from its earnings announcment (see related article), Chinese broker, CNinsure Inc. announced that, David Tang will resign from his position as Chief Financial Officer and Vice President of the company, “for personal reasons,” effective April 1, …
China’s CNinsure Inc. has announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2007. The bulletin noted that the earnings announcement “contains translations of certain Renminbi (RMB) amounts into U.S. dollars (US$) at specified …
U.S.-based Odyssey Re Holdings Corp. announced that, effective April 1, 2008, Brian Young will become Chief Executive Officer – Global Insurance and London Market Operations. He presently manages OdysseyRe’s London Market Division. In his new position, Young will have overall …
Republican U.S. Rep. Rick Renzi of Arizona has been indicted on a slew of public corruption charges and for stealing from his insurance company’s clients to fund his first campaign, federal authorities announced. The 26-page indictment issued last Thursday culminated …
U.S. health-care spending will devour an expanding share of the U.S. economy during the next decade, almost doubling to about $4.3 trillion in 2017, government officials forecast Tuesday. Economists at the U.S. government’s Centers for Medicare and Medicaid Services, known …
Attorneys for two municipal pension funds have filed a lawsuit against Yahoo Inc. and its board of directors, saying they breached their duties to shareholders of the Internet pioneer in trying to thwart a takeover by software giant Microsoft Corp. …
That earthquake in eastern Nevada last week may be a bit of a wake-up call for Utah homeowners. According to the Utah Department of Insurance, most homeowners in the state don’t have coverage for earthquakes. Like floods, earthquakes are a …
A woman who had her medical insurance coverage canceled as she was undergoing treatment for breast cancer has been awarded more than $9 million (euro6.06 million) in a case against one of California’s largest health insurers. Patsy Bates, 52, a …
