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Kansas City Southern estimates it will pay about $8 million as a result of a Mexican appeals court’s ruling on a dispute between KC Southern’s Mexican subsidiary and Mancera Ernst & Young S.C. (KSU)
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Kansas City Southern expects court ruling will cost it $8M
William “Billy” Nutt has left his position as CEO of United Guaranty, the mortgage insurance unit of troubled insurance giant American International Group.
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Nutt leaves United Guaranty
Hara Software Inc. emerged from stealth mode Monday with $6 million in funds from Kleiner Perkins Caufield & Byers.
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Kleiner funds energy management startup Hara
First Community Bank, a Virginia lender that operates Greenpoint Insurance in Raleigh and in the Triad, is joining the list of banks aiming to cash out of the U.S. Treasury Department’s TARP program.
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Virginia bank to buy way out of TARP
Insurance Commissioner Steve Poizner has yet to submit his recommendation on where workers’ compensation premium rates should congregate for July 1’s mid-year filings, but some companies are jumping the gun with rate increases far lower than some observers expected.
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Some insurers beat Poizner to comp rate punch
The nation’s largest mortgage insurer has rejected $334 million in claims since early 2008, contending the loan documents contained false or flimsy information.
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Faulty loan documents prompt MGIC to reject millions in…