U.S. Supreme Court Declines to Hear Katrina Insurance Lawsuits
February 22nd, 2008U.S. Supreme Court Declines to Hear Katrina Insurance Lawsuits
The U.S. Supreme Court declined Tuesday to hear lawsuits brought by Hurricane Katrina victims against private insurance companies, but a similar case at the state level will go before Louisiana’s highest court next week. The federal high court turned
Life insurers catch the mortgage flu
The subprime disease has made another victim sicker. This time it’s the life insurance companies. Fitch Ratings said today the companies have an estimated $7 billion to $8 billion in unrealized losses, or losses on paper rather than the losses investors
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