News

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.

Willis Group Holdings reported third-quarter net income increased 113 percent on the strength of new business and its acquisition of insurance broker Hilb, Rogal and Hobbs.

Insurance revenue at U.S. banks was off by $100 million in the first six months at $23.6 billion compared to $23.7 billion during the first half of 2008, a consulting firm reported.