The Chubb Corp. reported a drop in net income in the first quarter of 2014 to $449 million, compared to $656 million in the first quarter of 2013. The drop was due in large measure to claims from severe winter …
Spurred by a series of fiery train crashes, a push by government and industry to make safer tank cars used for shipping crude oil and ethanol has bogged down in squabbling and finger-pointing over whether they’re needed and if so, …
The U.S. Supreme Court will consider May 15 whether to hear an appeal over whether a Mississippi fire protection district can charge a fee for its services to local property owners. Court officials say a decision could be announced shortly …
A woman who said she was sexually abused over several years in the 1990s was awarded $35 million by a civil jury, though her attorney acknowledged it was unlikely the defendant would ever be able to pay all of it. …
The politically connected former CEO of a prominent city charity admitted Wednesday he helped steal more than $9 million from the organization in an insurance scheme that authorities linked to campaign contributions. William Rapfogel pleaded guilty to grand larceny, money …
Former General Motors Co chief executives should be called to testify to the U.S. Congress about the company’s slow response to defective ignition switches in cars that have been linked to at least 13 deaths, a Democratic senator said this …
Charles Schwab Corp. has dropped a fight to require customers to waive their rights to participate in class action lawsuits, the company said on Thursday. Schwab, the San Francisco-based pioneer discount brokerage, has agreed to pay $500,000 to the Financial …
The FBI has warned healthcare providers their cybersecurity systems are lax compared to other sectors, making them vulnerable to attacks by hackers searching for Americans’ personal medical records and health insurance data. Health data is far more valuable to hackers …
After years of facing fierce opposition, the idea of South Carolina passing a statewide texting-while-driving ban is becoming a real possibility. Earlier this month the state Senate and House passed separate bills aimed at putting to an end to the …
A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Wilton Reinsurance Bermuda Ltd., Wilton Reassurance Company, based in Minneapolis, Texas Life Insurance Company, Heritage Union Life Insurance Company, headquartered in …
