Allstate Corp. reported its second quarter profit rose 49 percent due to higher premiums and despite higher catastrophe losses. Net income rose to $645 million, up from $434 million for the same quarter last year. Property/casualty premiums were up for …
Under Democratic President Barack Obama, the U.S. National Labor Relations Board has been taking a stance on workplace relations that has employers, industry groups and Republican lawmakers voicing alarm. NLRB General Counsel Richard Griffin announced on Tuesday that McDonald’s, not …
Hartford Financial Services Group Inc. fired an executive after he made comments critical of Herbalife Ltd. to the media. William Kelly, who was a vice president in the directors and officers division at the Hartford, Connecticut-based insurer, was terminated last …
The Republican-led U.S. House of Representatives voted to sue President Barack Obama’s administration over implementation of his 2010 health-care law. With a near-party-line vote of 225-201, lawmakers endorsed Speaker John Boehner’s plan to file a lawsuit contending the president couldn’t …
Bermuda-based Endurance Specialty Holdings Ltd. announced that it has terminated its offer to acquire Aspen Insurance Holdings Limited; adding that “in connection with the termination of its acquisition offer, Endurance will not be pursuing its board size increase and scheme …
Assicurazioni Generali SpA expects to reach 2015 targets ahead of schedule and improve its dividend policy, as first-half operating profit of Italy’s biggest insurer rose to the highest in 10 years. “Our results show that we are quickly moving toward …
The UK’s RSA announced new appointments within its Commercial business as follows: Rob Gibbs has been appointed RSA Motability Director. In his new role, he will lead a team of over 500 to deliver exceptional service to 620,000 Motability customers. …
Aon plc announced the appointment of John G. Bruno as Executive Vice President of Enterprise Innovation and Chief Information Officer for Aon, effective September first. He will also become a member of the Executive Committee, reporting to President and CEO …
Even as Obamacare continues to be attacked by foes and challenged in court, hospital chains and insurers are making more money, more patients using emergency rooms are paying for their care, and the country as a whole is enjoying slower …
A decision by California Insurance Commissioner Dave Jones to fine UnitedHealth Group $173.6 million for violations having to do with the Unfair Business Practices Act, the Unfair Insurance Practice Act and unfair claims settlements may be a wakeup call for …
