Hartford Financial Services Group Inc. weathered a tough winter to achieve its third straight quarterly profit with first-quarter net income of $495 million, compared to a $241 million loss for the first quarter last year. Core earnings in property/casualty operations …
A White House task force called for U.S. colleges to conduct mandatory surveys to reveal the frequency of sexual assault on their campuses and student attitudes toward such misconduct. The Obama administration will provide colleges with sample questions and other …
Treasure-hunter Bob Evans has spent half his life dreaming about the SS Central America, a pre-Civil War steamship decaying in the lightless depths off South Carolina. Now he’s returning to the shipwreck after 23 years. Evans, 60, set out this …
As U.S. and Canadian businesses plan to expand their business overseas this year, their executives are worried about supply chain failures, data breaches and political instability, according to a survey by the Chubb Group of Insurance Companies. The 2014 Chubb …
Lee Roth will be retiring from Fireman’s Fund Insurance Co., and Joe Kinsey, who has reported to Roth for the past two years, has been named her successor. Roth will be retiring on May 1. Kinsey will work out of …
Renewal Processing Time. Due to many reasons, including agencies cutting staff too much, I find many commercial CSRs are far behind in checking their policy renewals. Being behind creates significant E&O exposures such as missing errors and making mistakes trying …
If the UK exits the European Union, it could wreck London’s position as the only financial center to rival New York and isolate the country’s economy, research ordered by a lobby group for banks and money managers concluded. Prime Minister …
Doha-based Q-Re LLC announced that it has changed its legal name to Qatar Reinsurance Company LLC, and will henceforth trade as Qatar Re. Gunther Saacke, CEO of Qatar Re said: “Over the course of the past 18 months our company …
The United States said it has removed the Philippines from its piracy watch list after two decades following significant reforms put in place by Manila, raising prospects for increased trade and investment between the two allies. The announcement, posted on …
The ACE Group has appointed James Wixtead as Sr. VP, ACE Group, and President of ACE Tempest Re Group, the company’s global reinsurance business. He currently serves as Division President of ACE Tempest Re USA. Wixtead will succeed Jacques Bonneau, …
