AIG Ex-CEO Greenberg Faces January Trial in Loss Reserving Lawsuit July 30, 2014 By Chris Dolmetsch Maurice “Hank” Greenberg, the former chairman of American International Group Inc., will go on trial in January after more than...
JLT Says Worst Rate Slump since 2001 Leading Insurers to ‘Naive’ Risk Taking July 30, 2014 By Sarah Jones Jardine Lloyd Thompson Group Plc’s Dominic Burke said the worst slump in prices for insurance policies since Sept. 11, 2001...
RenaissanceRe Reports $120.8 Million Q2 Net Income; $93.6 Million Operating July 30, 2014 Bermuda-based RenaissanceRe Holdings Ltd. reported net income available to common shareholders of $120.8 million, or $2.95 per diluted common share,...
AXIS Capital Reports $191 Million Q2 Net Income; $173 Million Operating July 30, 2014 Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the second quarter of 2014 of $191...
Willis Reports ‘Non-Operating’ Items Reduce Q2 Net Income to $47 Million July 30, 2014 Willis Group Holdings reported net income of $47 million, or $0.26 per diluted share, in the second quarter of 2014...
Tornado Causes Extensive Damage in Coastal City of Revere, Mass. July 29, 2014 By Philip Marcelo A storm system that wreaked havoc across the eastern U.S. spawned a tornado just north of Boston on Monday, causing...
Cost Of Fighting Washington Wildfires So Far: $50 Million July 29, 2014 The cost of fighting this season’s wildfires in Washington, including the largest one in the state’s history, has crossed the...
Boating, Rafting Operators at Tahoe Put out by Drought July 29, 2014 After first putting a damper on skiing and snowboarding in the winter, the drought now is taking a toll on...
IFG Companies Names Doyle Managing Director in California July 29, 2014 IFG Cos. named Dennis P. Doyle as managing director in its property department. Doyle will be based in the Los...
Louisiana Parish Audit Finds Most School Bus Drivers Not Drug-Tested July 29, 2014 An internal audit has found that the Caddo Parish school system has been testing far fewer bus drivers than it...