The unusually early snowstorm bringing heavy, wet snow to the East Coast has knocked out power to nearly 580,000 customers. Most are in Pennsylvania. Utilities there say 428,000 customers have lost power. PPL spokeswoman Lissette Santana says 200 crews were …
Think… It’s unwise to pay too much, but it’s worse to pay too little. When you pay too much, you lose a little money—that is all. When you pay too little, you sometimes lose everything, because the thing you bought …
New York-headquartered international reinsurer Transatlantic Holdings reported third-quarter net income of $68 million, down significantly from $134 million one year ago. The earnings were hurt by $71 million of pre-tax net catastrophe costs (net of reinsurance and net reinstatement premiums) …
A Southern California couple and their mother were arrested and have been charged with violating multiple sections of the state’s penal code and corporations code, it was announced Thursday. Arrested were Anthony Trae Carlson, 42, Mariah Waterfall O’Brien, 40, and …
Zurich and Marine Agency Corporation are offering a new insurance program for tattoo and micropigmentation artists, body piercers, massage therapists, estheticians, and cosmetologists. The Day Spas, Tattoo Studios and Salons program is a commercial insurance package and offers the following …
Aon Corp. reported a profit jump for the third quarter ended Sept. 30, 2011. Net income increased 38 percent to $198 million, compared to $144 million for the prior year quarter. Total corporate revenue increased 51 percent to $2.7 billion …
ACE Private Risk Services, the high-net-worth personal lines business of the ACE Group, and ARIS Title Insurance Corp., a member of Argo Group International Holdings, Ltd., have formed a marketing initiative to help individuals, wealth advisors, and institutions understand and …
Between 2005 and 2010, more than 350 million personal records were exposed in reported data breaches alone. Those numbers include data, privacy and security breaches by cyber-criminals accessing sensitive company and customer information, as well as exposure from lost or …
A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Farmers Mutual of Tennessee. Best explained that the revised outlook of Farmers of …
Fairfax Financial Holdings is maintaining its market hedges due to concerns about the global economic outlook and in spite of the recent turnaround in stock and bond prices, the insurer’s founder and chief executive said Friday. Prem Watsa, who made …
