Life insurer and fund manager AXA Asia-Pacific Holdings Ltd expects to report a forecast-beating profit for 2009, putting pressure on rival bidders to raise their offers in a $12 billion battle for the company. AXA Asia-Pacific, which is being circled …
Hopes for stronger world action in 2010 to curb climate change have dimmed after the U.S. Democrats lost a key Senate seat to a Republican opposed to capping emissions, experts said Wednesday. The election of Republican Scott Brown, an opponent …
In a stunning blow to President Barack Obama, Republican Scott Brown won a bitter U.S. Senate race in Massachusetts Tuesday and promised to be the deciding vote against his sweeping healthcare overhaul. Brown’s win robbed Democrats of the crucial 60th …
Two leading Republican candidates for governor in Georgia have already turned to hefty lines of bank credit to help pump up their campaign finances months before the primary in July. State Insurance Commissioner John Oxendine and U.S. Rep. Nathan Deal …
The struggling Irish economy heard some good news last week when XL announced that it is moving its place of incorporation to the Emerald Isle from the Cayman Islands, and will rename the company XL Group plc. Many of its …
The recent recession and record unemployment rates have increased pressure on the workers’ compensation insurance system to help return injured employees back to work while effectively managing costs. That was one of the messages shared by presenters at the Workers …
The World Economic Forum released Global Risks 2010, its annual report on the most significant global risks facing the global economy, in a presentation held at Marsh’s London office. The report, which the WEF has prepared in each of the …
State Farm will drop as many as 1,650 insurance policies on homes on North Carolina’s coastal barrier islands, according to state officials. Kristin Millam, public information director for the North Carolina Department of Insurance, said State Farm executives told regulators …
Oklahoma Insurance Commissioner Kim Holland has fined a Tennessee company and two of its affiliates $25,000 each for violating a cease and desist order she issued in November of last year. According to the order, the company has been illegally …
President Barack Obama will propose a fee Thursday to recoup from the country’s top financial institutions up to $117 billion lost on a taxpayer bank bailout fund, a senior administration official said. Obama will announce the plan in a statement …
