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The House drew the nation back from the fiscal cliff Tuesday night when it approved legislation that, amongst other provisions, makes the current estate-tax policy permanent.
For property and casualty insurers, 2012 was looking like it would be a banner year, until Superstorm Sandy struck, say commentators. But the industry's net income after taxes still grew to $27 billion in the first nine months of the year, compared to $8.4 billion in 2011.
Talks intensified Friday as congressional leaders and President Obama worked to avert a combination of tax hikes and budget cuts scheduled to go into effect Tuesday that economists fear could send the economy into recession.
Talks intensified Friday as congressional leaders and President Obama worked to avert a combination of tax hikes and budget cuts scheduled to go into effect Tuesday that economists fear could send the economy into recession.
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