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10, 2015
Celebrities’ Mexican Holiday Homes Pummeled by Hurricane Patricia
Mexico may have dodged a bullet from the fury of Hurricane Patricia, but jet setters like Bill Gates, Gwyneth Paltrow and Cindy Crawford will have to find a new playground for now after the storm ravaged some of the world’s …
27
10, 2015
Berkshire Hathaway Expands in Australia/NZ with Marine, Transport, Logistics
Berkshire Hathaway Specialty Insurance Company (BHSI) has begun underwriting Marine, Transport & Logistics Liability Insurance in Australia and New Zealand. It has also appointed Barton Phillips, Head of Transport and Logistics, and Laetitia Roney, as Manager of Transport & Logistics …
27
10, 2015
Opioid Overdose Fatalities Appear to Be Increasing in Massachusetts
Opioid-related overdose deaths in Massachusetts appear to have continued increasing above totals that were high enough last year for officials to deem it a public health crisis, according to preliminary statistics released on Oct. 21. The Department of Public Health’s …
27
10, 2015
N.J. Neurologist Charged With Illegally Using Runner to Recruit Patients
A New Jersey neurologist has been charged with allegedly paying a “runner” to bring him patients and then falsifying the treatment provided to the patients on claims to the insurance company, New Jersey Acting Attorney General John J. Hoffman and …
27
10, 2015
XL’s Q3 Operating Net Income Down to $70.8M on Integration Costs, Cat Losses
XL Group reported third quarter operating net income of $70.8 million, or $0.23 per share, down from $187.1 million, or $0.70 per share, in the prior year quarter. The current quarter’s results include approximately $55.2 million in integration costs – …
27
10, 2015
Ace Group $5.3 Billion Bond to Help Finance $28.3 Billion Acquisition of Chubb
Ace Group on Tuesday announced a $5.3 billion four-part bond to help finance its acquisition of Chubb, Reuters reported this morning. The Chubb deal is expected to be priced later today. Ace filed its preliminary prospectus on the notes on …
27
10, 2015
AIG Seeks $2 Billion in Case Against Life Settlements Firm
An American International Group Inc. unit told a U.S. judge on Monday that a Philadelphia-area firm should be forced to pay more than $2 billion for overcharging it for life insurance policies acquired from elderly people. A lawyer for AIG’s …
27
10, 2015
House Advances Export Import Bank Bill
The dormant U.S. Export-Import bank moved a step closer to revival on Monday as Republicans and Democrats approved a rarely successful maneuver to force a vote to renew the trade lender’s charter. The move effectively bypasses House Financial Services Committee …
27
10, 2015
Everest Re Reports Q3 Net Income of $88.6M, Compared to $274.9M in Q3 2014
Everest Re Group Ltd. reported third quarter 2015 after-tax operating income available to common shareholders of $200.2 million, or $4.53 per diluted common share, compared to after-tax operating income of $280.5 million, or $6.12 per diluted common share, for the third quarter …
27
10, 2015
Number of Deaths from Drunken Driving Nearly Doubled in Utah
The number of people who have died in Utah as a result of drunken driving nearly doubled last year, hitting the highest number in more than a decade. Alcohol-related traffic deaths increased from 23 to 45, according to an annual …