U.S.
Are Storm Shutters Unsafe? Fire Deaths Probed
Esther Mibab felt nervous in her home in The Acreage. So nervous that she kept her accordion-style hurricane shutters closed, even in the off-season. Closed and locked. From the outside. Authorities ...
U.S., Canada Face Below-Average First-Half at Losses: Verisk
The U.S and Canada both experienced below-average catastrophe losses in the first half of 2014, a trend that has been a relative boon for the property/casualty industry so far this year, Verisk ...
One in Four Young Adults Don’t Leave Home; Trend Rising
The share of young adults living with parents or other family members in the U.S. continues to grow in the aftermath of the most severe recession in the post- World War II era. A record 57 million ...
Cat Losses Ding Travelers’ Q2 Net Income
The Travelers Cos. began 2014 with a bang, giving investors a first quarter of soaring net and operating income, thanks in part to a major acquisition. For Q2, however, higher catastrophe losses ...
U.S. at High Risk for Cyber Terrorism, Says 9/11 Commission
The terrorist threat against the U.S. remains dangerous 10 years after the 9/11 Commission issued its first report—only now the risk is greater online. In a report issued Tuesday, panel members who ...
Travelers Ordered to Pay Over $500M in Asbestos-Related Claims
A federal appeals court on Tuesday ordered Travelers Cos. Inc. to pay more than $500 million to satisfy asbestos-related claims stemming from the insurer's coverage of insulation maker Johns-Manville ...
$23B Punitive Damage Award Against R.J. Reynolds Likely to Be Cut: Experts
A decision by a Florida jury to impose punitive damages of $23.6 billion against R.J. Reynolds Tobacco Company on Friday is likely to be rejected on appeal or the award reduced substantially, lawyers ...
Liberty Mutual Sells $750M Bond to Fund Part of Berkshire Cover
Liberty Mutual Group Inc. issued $750 million of bonds to help finance a payment to a unit of Warren Buffett's Berkshire Hathaway Inc. for covering the insurance company's liabilities tied to ...