Starting this month, hundreds of Americans will be getting “Dear Taxpayer” letters telling them they’ve been selected for a special audit by the Internal Revenue Service. The 13,000 chosen at random this year — and similar numbers in subsequent years …
Not paying attention to credit scores can cost consumers a lot of money. Many people don’t know that their score — a three-digit number derived from an analysis of how they handle debt — is the key determinant of what …
Private mortgage insurance is making a comeback. Until six or eight months ago, private mortgage insurance was out of favor as people eager to get into the roaring housing market took adjustable-rate mortgages or “piggyback” loans or some other exotic …
Private mortgage insurance is making a comeback. Until six or eight months ago, private mortgage insurance was out of favor as people eager to get into the roaring housing market took adjustable-rate mortgages or “piggyback” loans or some other exotic …
The headline numbers were eye-popping: Allstate reported a record $5 billion profit for 2006. State Farm Insurance’s profit climbed 65 percent. St. Paul Travelers’ earnings rose sixfold in the fourth quarter, American International Group’s rose eightfold. A year and a …
Martin J. Sullivan, who has been running insurance giant American International Group Inc. since the ouster of longtime chief executive Maurice “Hank” Greenberg, received compensation valued at nearly $22.5 million (euro16.82 million) in 2006, according to a regulatory filing. Sullivan, …
The headline numbers were eye-popping: Allstate reported a record $5 billion profit for 2006. State Farm Insurance’s profit climbed 65 percent. St. Paul Travelers’ earnings rose sixfold in the fourth quarter, American International Group’s rose eightfold. A year and a …
Michael G. Cherkasky, president and chief executive of Marsh & McLennan Companies Inc., the nation’s largest insurance brokerage, received compensation valued at $8.7 million last year, according to a regulatory filing last Friday. Cherkasky received $1 million in salary, $2.65 …
The headline numbers were eye-popping: Allstate reported a record $5 billion profit for 2006. State Farm Insurance’s profit climbed 65 percent for the year. St. Paul Travelers’ earnings rose sixfold in the fourth quarter, American International Group’s rose eightfold. A …
Marsh Inc. already is one of the world’s largest insurance brokers, but its chairman and chief executive, Brian M. Storms, wants to increase its role in the risk management business. As Storms sees it, Marsh should be “the No. 1 …
