News

Arthur J. Gallagher management said despite a challenging economic environment, third-quarter net income increased 10 percent primarily on the strength of expense controls.

RenaissanceRe Holdings Ltd. management said higher investment income and less catastrophe losses improved third-quarter net income to $258.6 million, reversing last year's loss for the period of $231 million.

Liberty Mutual's third-quarter net income jumped to $265 million from $6 million for the period last year thanks to improvements in investment income and a benign hurricane season, the company's chief executive said.

A federal jury found the oil company had caused contamination with the gasoline additive methyl tertiary butyl ether or MTBE in six drinking water wells in the borough of Queens and awarded costs for removing MTBE from those locations.

A former claim adjuster was making some positive adjustments to her bank account, and now she'll be paying for it.

New York Attorney General Andrew Cuomo announced the creation today of a new system that will establish more objective rates for the nation's health insurers to charge for out-of-network medical treatment.