Underwriting
Chicago Winter Storm Stalls Air Traffic and Advances to the Northeast
A winter storm shutting down air traffic in Chicago and threatening the city with blizzard conditions will drop snow on the eastern U.S., including New York, during the Monday morning commute. Winds ...
Chubb’s Combined Ratio Improves, But Q4 Profit Dips
Chubb Corp., the insurer of high-end homes and mega-yachts, said fourth-quarter profit fell 1.9 percent as investment income declined. Net income dropped to $558 million, or $2.35 a share, from $569 ...
The Program Market is Drawing New Interest, But Not All Competition is Good
The program insurance business market has enjoyed years of growth and appears on track to continue its expansion. However, while program business is attracting new interest, some participants are ...
Ex-AIG Chairman Greenberg Remains Defiant as Fraud Trial Ramps Up
Ex-American International Group Inc. Chairman Maurice "Hank" Greenberg said New York State's pursuit of him through a decade-old fraud lawsuit is a futile waste of taxpayer money, as the two sides ...
China Urged By U.S. Businesses to Delay New Cybersecurity Regs
U.S. business lobbies have called for "urgent discussions" with the Chinese government over new cybersecurity regulations that would force technology vendors to Chinese banks to hand over secret ...
ACE CEO Greenberg: ‘We Are Looking Pretty Good’ Despite Strong Dollar
ACE Ltd. is in a position to be bullish about the vast majority of its 2014 fourth quarter results. The property/casualty insurance giant booked a sizable jump in underwriting income, growth in net ...
Judge: Las Vegas Exec and Company Must Fork Over $584M For Ponzi Scheme
A Las Vegas executive and his company were ordered by a federal judge to pay $584.4 million for running what the U.S. Securities and Exchange Commission called a Ponzi scheme that bilked thousands of ...
Post-Blizzard, Costs Are Mounting as New England Digs Out
Millions in the U.S. Northeast on Wednesday started digging out from a powerful blizzard that dumped up to 3 feet of snow and led to coastal flooding around parts the region, while largely bypassing ...