Insurance companies are gearing up to recoup from Toyota money they paid for claims in crashes involving sudden acceleration, the subject of major safety recalls by the Japanese automaker. It could also mean money back for some drivers who paid …
When Maurice “Hank” Greenberg has been in the news during the past five years, the story usually has been about American International Group (AIG), the company he built into an insurance conglomerate and headed until his ouster in 2005. Now, …
If the stock market and weather are any indication, third-quarter earnings reports from insurers will look a lot better than they did a year ago. The big companies, which began their reporting season today with Travelers Cos.’ results, are expected …
American International Group Inc. is again hosting some of the top U.S. financial advisers and says that this time, the gathering at a California resort will cost it just $30,000. The insurer, sharply criticized for holding an executive retreat that …
Barry Miller figured he was saving $100 a month when he scaled back his disability insurance. After all, he was healthy. “It just looked like the policy was too expensive,” said Miller, who was paying for his own disability insurance …
As the 2009 hurricane season arrives, many homeowners are finding insurance is either more expensive, or harder to get. Homeowners from New York to Florida and in the Gulf Coast region are again seeing premiums rise and coverage change. And …
Marsh & McLennan Cos. paid out more than $33 million in compensation to its two chief executives that oversaw the company in 2008, according to an Associated Press calculation of figures disclosed in a regulatory filing last Thursday. Michael G. …
Hartford Financial Services Group Inc. is in talks to sell most of its life insurance subsidiary to Sun Life Financial Inc. of Canada, Bloomberg News reported, citing anonymous people. Splitting the Hartford, Conn.-based insurer in two and unloading most of …
The first read on insurance companies’ second-quarter earnings shows they’re taking hits from the same kinds of mortgage-backed investments as other financial firms, but so far, most companies haven’t had the severe losses that banks and investment firms have seen. …
Inadequate safety controls for chemical reaction hazards led to an explosion at a North Carolina chemical plant that killed one worker and injured 14 others last year in Morganton, federal safety investigators said Tuesday. “The sorts of safety practices and …
