News
Judge Allows Bear Stearns Shareholder Lawsuit to Proceed
A federal judge sharply criticized statements and actions by former executives of Bear Stearns Cos in the final days of the investment bank, saying important information was "withheld from the ...
The Hanover Barely Ekes Out Q2 Profit, Thanks to Losses at Lloyd’s Chaucer Arm
The Hanover Insurance Group barely eked out a profit in the 2016 second quarter; large losses and catastrophe hits sustained by its Chaucer division are generally to blame. Net income came in at $2 ...
Apple Asks SCOTUS to Rule Against Samsung Over Patents
Apple Inc on Friday asked the U.S. Supreme Court to clear the way for the iPhone maker to secure hundreds of millions in damages from Samsung Electronics Co Ltd in a case over smartphone design ...
Hartford’s ‘Difficult Stretch’ Led to Large Q2 Profit Plunge
Hartford Financial Services Group Inc. posted the third-biggest decline in the S&P 500 Index after second-quarter profit plunged on losses from auto insurance. The insurer dropped $4.08, or 9.3 ...
Sports-Related Brain Injury Insurance Claims Poised to Spike: S&P
Insurance claims could spike for sports-related brain injuries in the U.S. and U.K., thanks to increased awareness in both countries and a high-profile settlement involving National Football League ...
AXA, China Online E-Commerce Giant Alibaba to Explore Distribution Partnership
AXA is hoping to get into the global e-commerce game through a new partnership formed with China's online marketplace giant Alibaba. The arrangement actually involves three parties: AXA, Alibaba and ...
QBE in Hong Kong: Insurer Will Distribute General Insurance Cover Through Manulife Agents
QBE will start supplying general insurance products in Hong Kong for distribution through Manulife's agents. The exclusive distribution agreement is between divisions of both companies: Manulife ...
Swiss Re Q2 Profit Hampered by Higher Catastrophe Claims
Swiss Re AG, the world's biggest reinsurer, said profit fell in the second-quarter as the company paid more for catastrophe claims including earthquakes in Japan and forest fires in Canada. Net ...