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Daily NewsFlash : November 03, 2011

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Thursday, November 03, 2011

Hartford's 3Q Results Hit by Market, Storm Losses

Insurance provider Hartford Financial Services Group Inc. on Wednesday reported a small per-share loss for the third quarter, hit by the rocky stock market and higher catastrophe losses.

Fo... Read More

Marsh & McLennan Agency Acquires Gallagher & Associates, Inc.

Marsh & McLennan Agency LLC, a subsidiary of insurance broker Marsh Inc., today announced the acquisition of Gallagher & Associates Inc., a $1 million property and casualty insurance agency... Read More

Rating Error Reduces Auto Insurer Revenue by $15 Billion

Quality Planning, a company that validates policyholder information for auto insurers, released its annual premium rating error report, which shows that private passenger auto insurance industry mi... Read More

Marsh & McLennan Q3 Profit Down 23%, Revenues Rose

Insurance brokerage Marsh & McLennan News on Wednesday reported a 23 percent decline in profit for the third quarter from last year, when results include a gain on the sale of Kroll. Revenues f... Read More

Not All Indiana Stage Collapse Claims Will Be Paid

The Indiana Attorney General's Office said Tuesday the state hasn't come up with a system for dividing $5 million -- the cap on state payouts -- among 90 claims submitted over the Aug. 13 stage rig... Read More

Employee Fraud Costs Small Businesses Big Bucks

Employee theft has become a common occurrence, but in tough times when revenues are already down, the impact, especially for small businesses, can pack a harder punch.

Businesses lose an...
Read More

Chesapeake Settles Shareholder Lawsuit Over Executive Pay

Chesapeake Energy Corp. founder Aubrey McClendon, one of the nation's highest paid executives in 2008, will have to give up a modest portion of his $ 100-million-plus pay package that year.

Read More

Money Manager AXA Rosenberg Agrees to Pay $65M in Coding Lawsuit

Money manager AXA Rosenberg and co-founder Barr Rosenberg agreed to pay $65 million to settle a lawsuit by investors who said they lost money after a computer coding glitch impeded the firm's abili... Read More

ACE USA Launches New Products for Hospitality and Real Estate Industries

ACE USA, the U.S.-based retail operations of the ACE Group, announced the introduction of innovative, easy-to-use endorsements for ACE Umbrella policies, which are designed to address risks faced b... Read More

Chubb Adds Gooding & Company Auction Data to Classic Car App

The Chubb Group of Insurance Companies has added Gooding & Company automobile auction data to its Classic Car Guide mobile app.

As part of a sponsorship renewal with Gooding, users of C... Read More


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