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Catastrophe Losses Dented Chubb’s Q1 Net Income

Severe U.S. winter weather left Chubb Corp. with higher catastrophe expenses in its 2015 first quarter, a major factor that dampened net income. But CEO John Finnegan framed the overall results as ...
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AIG to Get $72M in Air Lease Lawsuit Settlement

American International Group Inc. is due to receive $72 million in payments under a settlement of the lawsuit against Air Lease Corp., the jet lessor founded by Steven Udvar-Hazy. Air Lease will ...