Connecticut Gov. Dannel P. Malloy announced the U.S. Department of Housing and Urban Development (HUD) has approved the state’s action plan for disbursing $71.82 million in federal funding to help Connecticut residents, businesses and communities recover and rebuild after Storm …
Travelers Cos.. Inc. said it would cut jobs and reduce prices of auto insurance, steps investors took as an indication that rates had risen too far and competition was increasing. The company’s shares fell 4 percent by midday and shares …
Liberty International Underwriters (LIU), part of Liberty Mutual Insurance, said Kelly Fusner has been appointed senior vice president of LIU’s Primary Casualty product line. Fusner will be responsible for the strategic direction and underwriting performance of LIU’s Primary Casualty business …
Lance Armstrong, the former champion cyclist, asked a judge to throw out a lawsuit claiming he defrauded the U.S. by using banned substances in violation of his team’s contract with the U.S. Postal Service. Armstrong, in papers submitted yesterday in …
Montgomery, Alabama Mayor Todd Strange said he plans to propose an ordinance to give police authority to tow vehicles belonging to unlicensed or uninsured drivers who are involved in accidents. The Montgomery Advertiser reported that currently someone who is pulled …
New requirements that will be imposed on insurers that the Group of 20’s Financial Stability Board has designated to be global systemically important insurers (G-SII) may motivate restructurings of these companies down the road, Standard & Poor’s said in a …
The U.S. National Transportation Safety Board began a formal investigation into the Southwest Airlines Co. accident Monday at New York’s LaGuardia airport that injured eight and disrupted traffic. The Boeing Co. 737-700’s nose gear failed as the plane touched down, …
Almost of a third of American homeowners who have anti-theft devices on their homes don’t use them — even during the summer when burglars are at their busiest. A survey commissioned by Nationwide Insurance found that, while a majority of …
ACE Limited reported net income for the quarter ended June 30, 2013, of $2.59 per share, compared with $0.96 per share for the same quarter last year. Operating income was $2.29 per share, compared with $2.17 per share for the …
Industrial Alliance Insurance and Financial Services Inc., the best-performing Canadian insurer in the past year, plans to acquire a money manager in what would be the company’s biggest takeover. Industrial Alliance is looking for an asset-management purchase outside Quebec for …
