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The Malaysia Airlines jet that was shot down over the eastern Ukraine amid a Russia-backed rebel insurgency was insured by Atrium Underwriting Group Ltd. in case of war, the company confirmed in an e-mailed statement today.
American International Group Inc. Chairman Steve Miller said lawmakers should bring U.S. corporate tax rates in line with other nations to halt firms from switching their legal address to cut obligations.
Liberty Mutual Group Inc. issued $750 million of bonds to help finance a payment to a unit of Warren Buffetts Berkshire Hathaway Inc. for covering the insurance companys liabilities tied to asbestos.
Insurance industry trade group officials lauded passage of the Senate version of legislation reauthorizing a federal backstop to terrorism risk insurance and urged the House to act promptly.
Insurance industry trade group officials lauded passage of the Senate version of legislation reauthorizing a federal backstop to terrorism risk insurance and urged the House to act promptly.
Hurricane Arthur, the first tropical cyclone of the Atlantic Hurricane Season and the first hurricane to make U.S. landfall since Sandy in 2012, is not expected to produce major losses. An expert from RMS though notes why the storm was somewhat unusual.
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