More than a year after a routine steroid injection turned into a painful fungal infection that nearly killed her, Marjorie Norwood is still suffering physically and emotionally. She also carries a huge stress: the hospital that houses the clinic where …
The U.S. Department of Justice appeared to have struck gold last week with the law it wielded against one of the nation’s largest banks over conduct that fueled the financial crisis. To convince a jury that Bank of America engaged …
Hartford Financial Services Group Inc.’s profit surged as the insurer focused on property/casualty coverage after divesting life and annuity units. The company gained in extended trading. Third-quarter net income advanced to $293 million, or 60 cents a share, from $13 …
Catastrophe modeling firm AIR Worldwide reported that “winter storm ‘Christian’ (known as ‘St. Jude in the United Kingdom) battered the western shores of southern Great Britain early on Monday, October 28, 2013, as one of the strongest extra tropical cyclones …
Bermuda-based PartnerRe Ltd. reported a net income of $333.4 million, or $5.84 per share for the third quarter of 2013, which “includes net after-tax realized and unrealized losses on investments of $1.3 million, or $0.03 per share,” said the announcement. …
Bermuda-based Montpelier Re Holdings Ltd. reported its financial results for the quarter ended September 30, 2013. The bulletin said: “Fully converted book value per common share was $28.06, an increase of 4.2 percent from June 30, 2013 and 8.7 percent …
India’s crude imports from Iran fell 40 percent in the first nine months of this year as some refiners cut purchases from the sanctions-hit nation while waiting for New Delhi to back local insurers covering plants processing the oil. European …
Bermuda-based Arch Capital Group Ltd. reported net income available to common shareholders for the 2013 third quarter of $109.3 million, or $0.80 per share, compared to $184.2 million, or $1.33 per share, for Q3, 2012. The Company also reported after-tax …
Bob Rusbuldt, president and CEO of the Independent Insurance Agents and Brokers of America – the Big “I”- takes issue with a McKinsey report that claims local independent agents will soon be extinct. In this second installment of an interview …
Superstorm Sandy set several records and was unusual in even more ways. Here are 12 strange weather features of Sandy: 1. Size: With tropical-storm-force winds that extended for 1,000 miles, Sandy was the largest Atlantic system on record. However, meteorologists …
