Ireland unveiled a new corporate governance code for banks and insurers on Monday to bring ‘fresh blood’ into boardrooms and prevent a repeat of the excessive risk-taking that precipitated the country’s financial crisis. A property market crash exposed years of …
Marsh announced that it has signed a mutually exclusive agreement with Anglo Arab Insurance Brokers (AAIB), “the only international broker to be licensed and registered to operate in Iraq with offices across the country. Under the terms of the agreement, …
In Rapides Parish, Louisiana, officials know they have a problem with abandoned, rundown properties. That poses another problem: what to do with them. As economic conditions have stagnated, rising numbers of properties have been vacated and left to decay. The …
Reno, Nev.-based Employers Holdings Inc. has reported third quarter 2010 net income of $10.1 million compared with $30.6 million in the third quarter of 2009, a decrease of $20.5 million or $0.42 per diluted share. Net income for the nine …
They go by many names — networks, alliances, franchises, clusters and aggregators — but all have similar goals. Aggregator groups have been around the insurance industry for more than three decades but in the past few years they have become …
Liberty Mutual Group announced that it has concluded a partnership with “Videocon Industries Ltd., the flagship company of $5 Billion Videocon Group, with diversified interest in Consumer Electronics, Household Appliances, Oil and Gas, Power Generation, Retail, DTH and Telecom businesses.” …
The Bermuda-based Argo Group International Holdings, Ltd. reported earnings figures for the third quarter of 2010 which show net income of $23 million or $0.77 per diluted share, compared to $27.6 million or $0.89 per diluted share for the three …
It seemed like the beginning of a beautiful friendship — or at the very least a functional relationship. In March 2009, with the United States on the brink of recession and the stock market at 12-year lows, President Barack Obama …
Municipalities do not have standing to challenge decisions on insurance rates issued by the state insurance department, a North Carolina Court of Appeals has ruled. Twelve North Carolina counties, led by dare County, along with 10 towns and two private …
An economy growing 2 percent a year might be tolerable in normal times. Today, it’s a near-disaster. A growth rate of 5 percent or higher is needed to put a major dent in the nation’s 9.6 percent unemployment rate. Two …
