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Daily NewsFlash : November 04, 2011

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Friday, November 04, 2011

AIG's Q3 Losses at $4.1 Billion, Driven by Volatile Markets, Plane-Leasing Write-Off

Losses at American International Group Inc. (AIG) widened by 63% to $4.1 billion in the third quarter, driven by volatile markets, a write-off at its plane-leasing unit and profit declines in its m... Read More

Willis: Stable Insurance Market Poised to Handle Uptick in Demand

Willis Group Holdings, the global insurance broker, reports flat to modest rate increases or decreases across major and specialty lines of insurance, with the exception of catastrophe-exposed prope... Read More

Swiss Re Reports Net Income of $1.3 Billion for Q3

Swiss Re reports a net income of $1.3 billion in the third quarter of 2011 (vs $0.6 billion in the prior-year period). All segments contributed to these results, which were supported by a moderate ... Read More

AIG Is Resuming Securities Loans

Seeking to boost income, American International Group Inc. is creeping back into the business of securities lending—just three years after missteps there helped push the insurer to the brink ... Read More

Oil Giant BP to Pay Texas $50 Million for Pollution Violations

Oil company BP has agreed to pay Texas $50 million for air pollution violations at a Gulf Coast refinery where a 2005 explosion killed 15 workers, the state's attorney general announced Thursday. Read More

Glaxo-SmithKline Expected to Pay U.S. $3B in Drug Marketing Probe

The British drugmaker Glaxo-SmithKline has tentatively agreed to pay the U.S. government $3 billion to settle multiple civil and criminal investigations, the largest settlement in the federal ... Read More

XL Group CEO: Market Not Hard Yet, But Shows Promising Signs

XL Group plc's chief executive officer said the market isn't hard yet, but rates have begun to firm.

"Broadly speaking, nearly every line of business — with a notable exception of U.... Read More

Aon Benfield Cat Study: Insurers Exposed to Minimum $5B Loss as Thailand Suffers Continued Flooding

Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corporation, today releases the latest edition of its Monthly Cat Recap report, which reviews the natural disaster peril... Read More

J.D. Power Study: Satisfaction with Auto Claims Considerably Lower Among Total Loss Claimants

Auto insurance claimants who incur a total vehicle loss are notably less satisfied with the claims experience than are claimants who incur a repairable vehicle claim, according to the J.D. Power an... Read More


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