U.S.
The Hartford Slammed by Worsening Auto Losses and Lower Investment Returns
Worsening auto losses and lower investment returns led to a 31 percent decrease in The Hartford's 2016 first quarter net income. The property/casualty insurance giant said it produced $323 million in ...
Travelers, Markel, other NFL Insurers to Question League Over Concussion Accord
The National Football League's insurers were cleared to begin gathering evidence in their effort to avoid paying the league more than $1 billion in costs for thousands of lawsuits by former players ...
PwC Sued for Allegedly Favoring Younger Job Hires
A lawsuit accusing PricewaterhouseCoopers LLP of violating U.S. discrimination law by hiring a "stunningly low" number of people over the age of 40 to maintain a youthful culture has been filed in ...
Swiss Re Bulks Up Reserves as Profit Declines
Swiss Re AG, the world's biggest reinsurer, reported lower first-quarter profit as the company bulked up its reserves and pricing in the industry remained under pressure. Net income dropped to $1.23 ...
U.S. House Passes Flood Insurance Reform Bill Insurers Support
The U.S. House of Representatives passed a revamped flood insurance bill by a wide margin. If it becomes law, private flood would meet the mandatory purchase requirement of the National Flood ...
National General Founder Michael Karfunkel Dies; He Also Launched AmTrust
National General Holdings Corp. said that founder, chairman and CEO Michael Karfunkel – who previously launched AmTrust Financial Services with his brother - has passed away. The New York-based ...
Older Drivers with Falling History Carry Heightened Crash Risks
Older drivers with a history of falling have a 40 percent higher risk of being involved in motor vehicle crashes. But despite this increased risk, drivers ages 40 – 80 still have a lower risk of ...
From the Web: More Companies Accentuate the Positive Instead of GAAP Results
Companies are increasingly accentuating the positive elements in their financial results, and trying to downplay the less flattering numbers. As the New York Times reports, regulators still require ...