General Motors Co., which has come under media, congressional and courtroom scrutiny over fatalities caused by flawed ignition switches, is defending 104 death and injury lawsuits brought by those who blame accidents on defects in the company’s cars. Another 108 …
Federal investigators are trying to determine why a woman driving a Mercedes-Benz sport-utility vehicle stopped in the middle of railroad tracks, leading to the fiery crash of a New York commuter train in Westchester County that killed six people. The …
Bermuda-based Everest Re Group Ltd. reported fourth quarter 2014 net income available to common shareholders of $340.1 million, or $7.47 per diluted common share, compared to net income of $364.6 million, or $7.54 per diluted common share, for the fourth …
PartnerRe Ltd. reported net income of $262.7 million, or $5.26 per share for the fourth quarter of 2014. This includes net after-tax realized and unrealized gains on investments of $82.1 million, or $1.64 per share. Net income for the fourth …
Intact Financial Corp, Canada’s largest property and casualty insurer, reported a near-doubling in quarterly profit, boosted by strong growth in underwriting income. The company’s net income rose to C$205 million (US$164.8 million), or C$1.52 (US$1.22) per share, in the fourth …
In a letter to Brendan McCafferty, the Chief Executive of the UK’s recently established flood insurance program, Subcommittee Chairman, Prof. Lord Krebs, wrote that the UK’s Committee on Climate Change (CCC) has concluded that “Flood Re’s costs are higher than …
Even after two deadly crashes in seven months, TransAsia Airways Corp. will likely rebound quickly as insurance covers any financial losses and its coveted routes through Taipei’s downtown airport keep it popular with business travelers. Airline analysts said the carrier …
Munich Re, the world’s biggest reinsurer, plans to raise its dividend even after fourth-quarter profit declined 42 percent on investments and goodwill impairments. Net income fell to about 700 million euros ($794 million) from 1.2 billion euros a year before, …
Increased regulation and hostilities in countries around the world have made it more dangerous for U.S. companies to send employees overseas for jobs. The potential for terrorist activities here at home also requires special risk and crisis management expertise so …
Novamar Insurance Mexico has added coverage to its insurance programs for expatriates or anyone traveling to Mexico. Novamar offers the following insurance coverage programs: Auto insurance for both USA-Canada license plates and Mexican vehicles. Special coverage at preferred premiums. Home/condo …
