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Munich Re, the worlds biggest reinsurer, raised its full-year profit target after net income beat analyst estimates on lower catastrophe claims. The shares rose.
With Zurich Insurance Group AG on the verge of pursuing its biggest acquisition in more than a decade, Europe is poised to add to the consolidation that is sweeping the industry globally.
With computers, TVs, printers, PDAs and MP3 players being shipped off to school, it is more important than ever that students and their parents purchase the appropriate insurance protection.
Insurers that have been supporting portfolios with credit risk to counter low interest rates should consider diversifying with alternatives such as private equity, asset manager Conning & Co. said.
Fiat Chrysler Automobiles NV waited 18 months to tell federal safety regulators about a security flaw in radios being installed more than a million vehicles that hackers later exploited to seize control of a Jeep last month.
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