News

Target Corp's net profit almost halved in the holiday quarter as the third-largest U.S. retailer dealt with the fallout of a massive data breach and warned that costs related to the event could hurt future profits.

Liberty Mutual saw net written premiums increase by 5.3% and catastrophe losses decline by 88% in 2013s fourth quarter, leading to net income attributable to the company of $496 million, compared to a $234 million net loss for the same period the year before.

Liberty Mutual saw net written premiums increase by 5.3% and catastrophe losses decline by 88% in 2013s fourth quarter, leading to net income attributable to the company of $496 million, compared to a $234 million net loss for the same period the year before.

At Senate hearing, officials of various industries say there is no viable private option to renewal of TRIA. CIAB testifies that contracts running past Dec. 31 contain terrorism exclusions should program not be extended.

At Senate hearing, officials of various industries say there is no viable private option to renewal of TRIA. CIAB testifies that contracts running past Dec. 31 contain terrorism exclusions should program not be extended.

Nearly 30% of senior investment managers at global insurance companies say they are concerned about the ability of their current legacy systems to meet their future regulatory requirements.