ING Groep NV rose in Amsterdam trading after the lender said it will pay a dividend for the first time in almost seven years even as profit from its banking activities fell missing fourth-quarter estimates. ING rose as much as …
Stephen Catlin, who is selling his Lloyd’s of London insurer to XL Group plc for $4.2 billion, expects the pace of mergers among smaller insurers to gather pace. “Anyone who has got a market value of less than $5 billion …
Hartford Financial Services Group Inc., the insurer that sold life units to focus on property/casualty coverage, said fourth-quarter profit rose 22 percent as sales climbed at its main unit and margins improved. Net income advanced to $382 million, or 86 …
The hackers who stole millions of health insurance records from Anthem Inc. commandeered the credentials of five different employees while seeking to penetrate the company’s computer network — and they may have been inside the system since December. Anthem said …
Obamacare’s startup health insurance plans are flirting with financial distress, as all but five of the 23 nonprofit companies had negative cash flow from operations in the first three quarters of 2014, Standard & Poor’s said in a report today. …
Dozens of cab drivers lined the street outside the New Jersey Statehouse in Trenton and crammed a legislative hearing to protest ridesharing companies like Uber and Lyft. Drivers and their allies called on lawmakers to require those companies to follow …
Electronic driver’s licenses and proof of insurance could be a step closer to reality in New Jersey under bills moving through the Legislature. A state Senate committee approved two bills Monday that pave the way for electronic ID’s. One measure …
New Jersey authorities announced that a married couple who own several temporary staffing companies with offices in northern and central New Jersey were arrested on first-degree charges. According to a Feb. 4 announcement from the New Jersey Office of the …
Predicting winter weather is a slippery slope. People depend on weather forecasters to tell them when to stock up on milk and bread, but if a predicted blizzard doesn’t materialize, a flurry of complaints surface on social media. Snow is …
Agent-broker profitability reached 21 percent for 2014, a new record for the Reagan Consulting Organic Growth and Profitability (OGP) survey that began tracking profitability for agencies in 2008. That median profitability for EBITDA (earnings before interest, taxes, depreciation and amortization) …
