Starting in mid-January 2009, New York will bar personal injury or wrongful death insurers from disclaiming coverage due to a late notice of claim, filed within two years of an accident, unless insurers were "materially prejudiced" by the delay. The new law also allows injured parties, where coverage is disclaimed [...]

Finally Merrill Lynch (MER) did the dirty deed; selling off assets at 22 cents on the dollar. You can almost hear the shuddering across the other banks as this now marks "fair value" on this junk. Folks, some of these guys still have assets market at the full dollar because [...]

The wave of advanced baseball number crunching has helped teams get more out of their personnel budgets and has helped players reach their potential. It can also help fans get more out of the sport. Jose Hernandez capped the Brewers' comeback from a seven-run deficit in the ninth inning with [...]

In a utopian world, the perfect dividend stock would be one that is both high-yield and provide a high dividend growth rate. Its share price would appreciate ratable with its increasing dividend. All of this would be driven by increasing earnings and cash flow. OK, so much for my fantasies, [...]

A follow-up on a post from March based on yesterday's news from Berkshire Hathaway (BRK.A). Whitney Tilson and Andy Kilpatrick (who wrote the best book on Berkshire, "Of Permanent Value") were on CNBC yesterday discussing the subject. Before we go on, watch what they said.[...]

A Naples investment banker has been named to chair the board of governors for the state-backed property insurance company, Citizens.[...]