HAMILTON, Bermuda _ Everest Re Group Ltd. on Wednesday reported third-quarter profit of $274.9 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $4.97 per share. Analysts expected $1.44 billion, according to Zacks.» Read More
St. Paul Travelers will stop paying contingent commissions to insurance agents and brokers by the start of 2008, according to a statement by Connecticut Attorney General Richard Blumenthal.
FRANKFURT (Reuters) - DaimlerChrysler will recover about 168 million euros ($221.5 million) from insurers in settling a dispute over the costs of a U.S. class-action lawsuit in 2003, a German newspaper reported on Tuesday.
It might be nice to have your medical records available online no matter where you are in the world. In case you get hurt or injured--a doctor in New York could look at your records if you're from say--California. But what if those records reveal medical secrets you'd rather NOT have opened--like psychiatric evaluations? This begs the question: what are the pros and cons of having electronic medical records?
Germany's Hannover Re AG said Wednesday it is selling its U.S.-based specialty insurer Praetorian Financial Group Inc. to Australia's QBE Insurance Group Ltd. for US$800 million (euro604.05 million).
Bermuda based re-insurers were crushed by massive claims during last year's record hurricane season. But they've apparently bounced back to record billions in profits--thanks to almost no disaster claims this year. That's good news for share prices--but investors might what to look before they leap. In today's Stock Screener on "Power Lunch"--Ian McDonald from The Wall Street Journal gave a couple of his "picks."
Insurance Australia Group Ltd. has agreed to buy British auto insurance underwriter Equity Insurance Group for $1.13 billion, its second acquisition in the UK market.
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