Financial Overhaul Passes Key Senate Hurdle
Sweeping financial-overhaul legislation cleared its final procedural hurdle on the way to President Barack Obama's desk Thursday, setting the stage for the Senate to give its final approval to ...
Golub Resigns as AIG's Chairman
American International Group (AIG) said Wednesday evening that its chairman, Harvey Golub, had resigned amid continued bickering with the chief executive, Robert H. ...
Crop Insurance Companies Agree to USDA Cuts
USDA announced that all 16 private insurance companies who participated in the federal crop insurance program during the 2010 crop year formally agreed to USDA's proposed changes to the system, ...
Markel to Buy Aspen, Add Workers Compensation Sales
Markel Corp., the Richmond, Virginia-based insurer, will spend at least $135 million to acquire closely held Aspen Holdings Inc. to add sales of workers’ compensation coverage for small ...
Controlling Cost of Claims Seen as Critical, According to Towers Watson Survey
Corporate risk and finance managers, faced with the lingering effects of a global financial crisis, dramatically downsized staffs and reduced budgets are becoming increasingly concerned about ...
Berkshire Assumes Asbestos Liability Claims After CNA Agrees to Pay $2B
Warren Buffett’s Berkshire Hathaway Inc. agreed to assume liabilities tied to asbestos and pollution claims from commercial insurer CNA Financial Corp. in exchange for a $2 billion ...
Marsh Launches New Global Rail Practice
Marsh, the world's leading insurance broker and risk adviser, announced today the appointments of three industry veterans to its new Global Rail practice, including Jim Beardsley as ...
Markel Programs Partners with ProSurance Group, Inc. to Offer New, Commercial Fidelity Insurance Program
Markel Programs announced today that it has partnered with ProSurance Group, Inc., a managing general agency, to offer a new, monoline commercial Fidelity insurance program. Commercial Crime ...
Jobless Claims Decline
The number of U.S. workers filing new claims for unemployment benefits fell last week by more than economists expected, bucking the typical July trend as fewer factories were shuttered for the ...
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