Industry News
AmTrust Refutes Negative Report on Accounting, Says Future ‘Never Been Brighter’
AmTrust Financial Services Inc. (AFSI), a New York-headquartered insurer whose stock price fell last week in wake of a negative report from research firm GeoInvesting, is assuring investors its ...
Hartford May Sell Remaining Corporate-Owned Life Insurance Business
Hartford Financial Services Group Inc., the insurer which rebuffed an activist's calls to split into two companies last year, is considering a sale of a business that offered companies life insurance ...
S&P Cuts RSA Insurance Credit Rating Citing ‘Weakening’ Management
RSA Insurance Group Plc may be set for more downgrades, threatening its ability to retain commercial clients, after Standard & Poor's cut its credit rating to the lowest in more than a decade. ...
GEICO Passes Allstate to Become 2d Largest U.S. Auto Insurer: SNL
Based on third quarter reports, GEICO Corp. has surpassed Allstate Corp. to become the nation's second-largest private auto insurer. According to data compiled by SNL, GEICO logged $4.89 billion in ...
Make Sure That Classic Car Isn’t a Fake
In the 1930s, British sports-car maker MG made exactly 33 of the K3 open-top race car. If you want to buy one now, there are more than 100 to choose from. No, the defunct carmaker didn't restart ...
Nasdaq Loses Bid to Have Facebook IPO Lawsuit Dismissed
A federal judge has rejected Nasdaq OMX Group Inc.'s bid to dismiss lawsuits by investors who accused the exchange operator of botching Facebook Inc's $16 billion initial public offering, a decision ...
Reinsurance Pricing Dropping Faster than Expected: Nomura
In a research note published late last week, analysts at Nomura Equity Research reported that prices for Jan. 1 reinsurance renewals are falling faster than expected, with some U.S. property ...
Fifteen States Press Obama for Tough, Flexible Climate Rules
Fifteen states that have taken steps to reduce greenhouse gas emissions are seeking assurances that their efforts will be recognized when the U.S. Environmental Protection agency issues new rules ...