News
Insurers Tapped for Part of Potential $100M Settlement Over U.S. Meningitis Outbreak
The trustee overseeing the bankruptcy of a Massachusetts pharmacy linked to a 2012 meningitis outbreak that killed 64 people asked a judge on Tuesday to approve a settlement that would pay out $100 ...
Risk of Landfalling Hurricanes Reduced as Upcoming El Niño Event Plays Out
The big news heading into the 2014 Atlantic hurricane season is the imminent arrival of what we think will be a significant El Niño event, the first such event since 2009. An El Niño event is a ...
U.S. at Risk of Severe Weather From Climate, Scientists Say
More than half the U.S. population lives in coastal areas that are "increasingly vulnerable" to the effects of climate change, which will ripple throughout the U.S. economy, a White House advisory ...
Allstate’s Quarterly Profit Grows With Higher Insurance Premiums
Allstate Corp, the largest listed U.S. home and auto insurer, reported a better-than-expected quarterly profit as it earned higher insurance premiums across its businesses. Premiums earned at the ...
AIG’s Q1 P/C Results Dip, But Execs Promise More Even Year
Two years after repaying a U.S. bailout, American International Group Inc. faces another challenge: a big decline in net income and a dip in property/casualty insurance results during its 2014 first ...
Samsung to Pay Apple Roughly $120M for Three Infringed Patents
A U.S. jury on Monday left the total damages Samsung Electronics Co Ltd must pay Apple Inc. unchanged at $119.6 million, after additional deliberations in a trial where the South Korean smartphone ...
Bernhard Appointed Head of Internal Audit at Hamilton Insurance
Last week, Hamilton Insurance Group today announced that Keith Bernhard has joined the organization as Head of Internal Audit. Bernhard takes on a newly created position at the Bermuda-based company, ...
Doing It Their Way: Buffett and Munger
Berkshire Hathaway chairman and CEO Warren Buffett and vice chairman Charlie Munger spent more than five hours Saturday answering questions from shareholders, reporters and stock analysts. Here's ...