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Moodys reduced QBEs issuer and senior unsecured debt ratings to Baa2 from Baa1, following Mondays announcement by QBE in which the Australia-based property and casualty firm reported the expected losses related to the writedown of intangible assets of some $930 million.
D&O rates for healthcare organizations climbed in the third quarter due in part to antitrust concerns arising from the industrys changing business models pursued in response to the healthcare law, according to Marsh.
American International Group announced it will invest $5.5 million to establish a technology center for application development and management services in Charlotte, N.C.
Paul Walker, star of the Fast & Furious films, died in a car crash earlier this month. Cast insurance will likely help cover the costs of editing and re-filming scenes to complete the franchise's latest release.
The P&C industry's underwriting and operating profitability improved through the first nine months of 2013 compared to 2012 thanks to lower catastrophe losses and firmer pricing. See a visual breakdown of the industry's performance through the first nine months of the year.
The P&C industry's underwriting and operating profitability improved through the first nine months of 2013 compared to 2012 thanks to lower catastrophe losses and firmer pricing. See a visual breakdown of the industry's performance through the first nine months of the year.
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