The United States Tuesday took steps to make it harder for Iran to skirt trade sanctions aimed at preventing nuclear proliferation, naming nearly two dozen firms in six countries as controlled by the Iranian government. U.S. law prohibits American citizens …
A militant group linked to al Qaeda said on Wednesday that a suicide bomber was responsible for a mysterious explosion on a Japanese-owned oil tanker a week ago near the Strait of Hormuz. But analysts are sceptical about the belated …
The Deepwater Horizon disaster in the Gulf of Mexico will not be a major event for the property/casualty insurance industry, but it may spur tightening of insurance terms and prices in the energy sector, according to global professional services company …
A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Bermuda-based Lancashire Insurance Company Limited and Lancashire Insurance Company (UK) Limited, collectively …
Deutsche Bank is set to buy American International Group Inc.’s building at 72 Wall Street for about $60 million from a consortium including South Korea’s Kumho Investment Bank, a person with knowledge of the deal said on Monday. The sale …
Warren Buffett’s Berkshire Hathaway Inc. will take over asbestos and environmental pollution risks now held by CNA Financial Corp. in exchange for a $2 billion fee. CNA, which is the nation’s seventh-largest commercial insurer and 90 percent-owned by conglomerate Loews …
Some recounted their days at the smoldering ruins of the World Trade Center. Some fought back tears. Some complained that no amount of money would make them whole. Despite the mixed emotions, most of the responders on Sept. 11, 2001, …
It’s a Twister? “It was a noise I never heard before… Everything was pitch black and going in a circle down the road.” —Edward Beardsley of Bridgeport, Connecticut, where a rare tornado tore through the city, ripping off roofs, knocking …
UNFCU Financial Advisors, a United Nations Federal Credit Union-owned company, has partnered with Clements International to offer an international term life and personal accident insurance program to meet the needs of its members in the field, many of whom work …
Some recounted their days at the smoldering ruins of the World Trade Center. Some fought back tears. Some complained that no amount of money would make them whole. Despite the mixed emotions, most of the responders on Sept. 11, 2001, …
