Life Insurers Sue Countrywide, And Allege “Massive Fraud” In Mortgage Sales
Just another taste of the legal worries that will keep Brian Moynihan’s lawyers busy putting out mortgage related fires. A group of life insurance companies has sued Countrywide alleging massive mortgage fraud.
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A.M. Best Revises Outlook of Monitor Life Insurance Company of New York, A Newly Acquired Subsidiary of AmFirst …
OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best Co. has affirmed the financial strength rating of B+ (Good) and issuer credit ratings of “bbb-” of AmFirst Insurance Company (AmFirst) (Oklahoma City, OK) and Monitor Life Insurance Company of New York (Monitor) (Utica, NY). The outlook for AmFirst’s ratings is stable, and the outlook for Monitor’s ratings has been revised to stable from negative …
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