Chubb Corp. reported on Thursday $656 million net income for its 2013 first quarter, an increase of 29.6 percent compared to $506 million income reported during the first quarter of 2012. The insurer of businesses and high-end homes said its …
A federal judge handed a legal defeat to Standard & Poor’s, ruling that a lawsuit in which Connecticut accused it of fraudulently inflating credit ratings to win business should be moved back to the state court where it began. In …
In a closely watched case in the art world, American artist Richard Prince won a federal appeals court order Thursday holding that he did not infringe the copyrights of a photographer by incorporating his images into 25 paintings and collages. …
Marita Zuraitis, a member of The Hanover Insurance Group’s executive leadership team and president of its property/casualty companies, is resigning to become president and chief executive officer of Horace Mann Educators Corp. in Springfield, Ill. She leaves after nine years …
U.S. property/casualty insurers absorbed net insured catastrophe losses of more than $32 billion last year, but still managed to post $33.5 billion in net income in the aggregate—in part because catastrophe losses were lower than in 2011. Analysts commenting on …
Aon summarized the results from its various operations in the first quarter of 2013 as follows: – Total revenue was $2.9 billion with organic revenue growth of 2 percent – – EPS from continuing operations was $1.11 – EPS from …
ACE USA’s Medical Risk Group has expanded its relationship with Trust Risk Management Services, Inc. (TRMS) to offer an admitted professional and general liability policy designed to provide insurance protection to a variety of individuals and small groups of six …
There are a number of issues involved in determining whether the Boston bombings tragedy would be considered a terrorist act for insurance purposes such as determining the applicability of terrorism exclusions and terrorism coverage. The matter is not clear-cut and …
The Hartford recently named John Kinney as the company’s chief claims officer and also as president of Heritage Holdings, a unit which oversees The Hartford’s domestic and international property/casualty run-off operations. He succeeds Andrew Pinkes, who recently joined XL Group’s …
For the first time in history, American companies now have five generations of employees in the workforce: the silent generation (born 1925-45), baby boomers (1946-64), generation X (1964-80), generation Y (1980-90) and millennials (after 1990). Each generation has its own …
