News

It found that a magnitude 7.0 earthquake rupturing the entire length of the Hayward Fault would result in economic losses between $210 billion and $235 billion, with only up to $30 billion likely to b

Scott Donovan, Odyssey Re executive vice president and chief financial officer, said in a conference call that the company increased its net income due to higher realized gains, despite suffering an o

Aon's net income for the third quarter fell by $87 million, going from $204 million, or 69 cents a share last year, to $117 million, or 43 cents a share. Revenues increased 6 percent, or $98 million,

Uday Virkud, AIR Worldwide executive vice president, said Ike was "very unique" because it re-gathered strength and did more damage when it joined with another dangerous weather system after being dow

Former American International Group chief executive officer Maurice "Hank" Greenberg has called on AIG management to enter the company in the federal bailout program while the company continues to rew

The weight of its investment losses was clearly illustrated with the reported net realized capital loss of $2.2 billion for the quarter, after tax. Net unrealized loss on available-for-sale