Performance
Wall Street Brokers Support Removing Liability Shield for Stock Exchanges
The government should strip U.S. stock exchanges of the legal status that protects them from most lawsuits, a trade group for brokers said. In a letter to the Securities and Exchange Commission, the ...
QBE Begins Payouts for Spain Train Victims
Australian insurance group QBE said on Thursday it had set aside 2.75 million euros ($3.64 million) for the immediate needs of those affected by last week's train crash in Galicia in northwest Spain, ...
Workers Compensation Market: Challenges Remain Despite Recent Improvements
The market for workers compensation insurance is in a recovery phase of the underwriting cycle after several years of poor results. In particular, premium rates continued to increase meaningfully ...
Allstate Reports Disaster Costs Down, Investments Up for Q2
Allstate Corp., the largest publicly traded U.S. auto and home insurer, said second quarter profit climbed on investment gains and reduced costs tied to natural disasters. Net income climbed 2.6 ...
How Most of the Insurance Industry Escaped the Worst of the Financial Crisis
At a time when efforts are underway to require additional supervision of some large insurers, a new government report concludes that the insurance industry's own practices and the policies of state ...
Transportation Insurer National Interstate Posts Surprise Q2 Loss
National Interstate Corp., the insurer majority owned by American Financial Group Inc., plunged the most since 2008 after reserves for claims in prior periods proved inadequate, fueling a surprise ...
TD Bank Faces Insurance Loss Due to Flood Claims
Toronto-Dominion Bank , Canada's second-largest lender, said it will take a third-quarter charge after tax of C$418 million ($406 million) due to recent severe weather in Alberta and Ontario and to ...
Hartford Reports Third Straight Loss on Asbestos, Annuity Costs
Hartford Financial Services Group Inc., the insurer exiting life operations to focus on property/casualty coverage, posted a third straight loss on asbestos liabilities and costs tied to variable ...