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Legislation to repeal the antitrust exemption for health and medical malpractice insurers "will have no significant effect" on premiums charged for private health insurance, the Congressional Budget Office reported.
SCOR reported third quarter net income of EUR94 million ($139.9 million at current exchange rate), a 147 percent increase over net income of EUR38 million ($56.6 million) for the period last year.
W.R. Berkley Corp. announced that Robert Berkley Jr., the 36-year-old son of company founder and Chief Executive Officer W.R. Berkley, has been named president and chief operating officer.
Marsh & McLennan Companies Inc. reported third-quarter profit of $221 million that the firm's chief executive touted as a strong showing of the company's plans to get back on the track of profitability.
Now that Democrats in the House are nearing a vote on health care reform, the Republican leadership has crafted its own alternative, but they are too late to the party, says NU Editor Sam Friedman in his blog today at www.NUSamSoapBox.com.
Swiss Re reported third quarter net income of 334 million Swiss francs (U.S. $324 million at the current exchange rate) resulting from a mild catastrophe season and disciplined underwriting, the company said.
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