Net income after taxes for private U.S. property and casualty (P&C) insurers for the first nine months of 2014 dropped by $5.1 billion to $37.7 billion, compared to $42.7 billion over the same time period in 2013.
Individuals throughout the insurance industry are mourning the loss of former Insurance Information Institute (I.I.I.) president, Gordon Curran Stewart, 75, who passed away on November 26 in Garrison, N.Y.
Confidential settlements over defective Takata Corp. air bags are sealing off relevant information that other victims could use to pursue injury claims.
The volcano is erupting, and lava is flowing in your direction, but its flowing very slowly so you have time to gather your belongings and move to safety.
Detroit won approval of a debt- cutting plan that backers say will allow the one-time hub of the U.S. auto industry to exit its record $18 billion municipal bankruptcy and rebuild after decades of population decline and industrial decay.
Toyota Motor Corp. made its fourth global recall involving more than a million vehicles this year, as the worlds largest automaker begins operating with stricter supervision over safety from U.S. regulators.