The U.S. government cut its stake in American International Group Inc. to 19 percent on Monday, making a profit of $12.4 billion on the insurer’s crisis-era bailout and bringing the unpopular rescue closer to its end. The Treasury Department sold …
The U.S. Treasury said on Monday it expects to raise $18 billion from its sale of American International Group shares, representing a profit of $12.4 billion to date on the Treasury and Federal Reserve’s investment in the insurer. The Treasury …
Markel has announced that it will now work with Experian Data Breach Resolution to provide loss control resources to its DataBreach policy holders. Owners of Markel’s DataBreach policy now will have access to Experian’s breach response services, including incident response …
Gertrude Baker and her husband bought their cozy home in Owego in 1956. They raised three kids, befriended neighbors and weathered the occasional flood. But after Tropical Storm Lee bought five feet of water to her first floor last year, …
Two tornadoes struck the outer edges of New York City this past Saturday, hurling debris into the air and knocking out power in an area unaccustomed to the phenomenon. No serious injuries were reported when a twister hit a beachfront …
The core of Tropical Storm Leslie passed 120 miles (200 km) east of Bermuda, bringing sustained winds of 39 mph (and gusts of up to 54 mph) and heavy rains to the island on Sunday, Sept 9. Leslie is currently …
Union Mutual of Vermont Companies has promoted Debra Squairs to vice president of claims.Squairs joined Union Mutual of Vermont Companies in 1999 as a claims processor. She also worked as a claims adjuster, was the supervisor of the auto unit …
Fort Worth, Texas-based InsureZone announced it has acquired Denver-based MSI Group, with agencies in 20 states. The purchase adds 63 agencies to InsureZone’s network/cluster program. MSI Group provides agency members with access to major carriers for personal lines and commercial …
Strong winds from severe thunderstorms destroyed airplane hangars and damaged airplanes, homes and vehicles as they moved across Arkansas on Sept. 7, authorities said. No serious injuries were reported, but the storms left thousands of homes and businesses without electricity. …
Many of the season’s fire restrictions across Utah have been lifted as officials say cooler temperatures and higher moisture levels are lessening the risk of wildfires. State fire managers lifted the 2012 restrictions, including the use of campfires and target …
