Daily News

Tropical storm warnings issued as Bertha approaches Caribbean

SAN JUAN, Puerto Rico - Tropical Storm Bertha swirled toward the Caribbean on Friday as islands in the eastern region prepared for heavy rains and strong winds.
Aug 1, 2014 9:33AM

Co-operators sees consolidated net income jump to $58.1 million Q2 from loss last year

Growth and increased net earned premium in core lines of business helped Co-operators General Insurance Company’s consolidated income move from a net loss of $5.9 million the second quarter of 2013 to net income of $58.1 million in the...
Aug 1, 2014 9:01AM

Judicial panel says utility's former execs deserve criminal charges in Fukushima nuke crisis

TOKYO - A Japanese judicial panel has recommended that three former executives of the utility that operates the damaged Fukushima nuclear plant face criminal charges over their role in the disaster.
Jul 31, 2014 3:34PM

Cyberattack breached system holding personal data: privacy watchdog

OTTAWA - Hackers who targeted Canada's National Research Council infiltrated a system containing personal information, the federal privacy czar says.
Jul 31, 2014 2:53PM

2nd person drowns in floods in Romania, power plant floods in Serbia, landslides in Montenegro

BUCHAREST, Romania - A second person has drowned after rivers burst their banks in Romania, authorities said Thursday, and the flooding also caused damage across the Balkans, inundating a power plant in Serbia and causing landslides in...
Jul 31, 2014 2:11PM

Hundreds of damage claims possible after pipe break dumps 20 million gallons of water

LOS ANGELES - Hundreds of cars submerged below murky water. A landmark basketball court, newly refurbished, showing signs of buckling. Soaked and stained carpets. An athletic track coated in mud.
Jul 31, 2014 11:53AM

Catastrophe losses up 44.7% for Allstate in second quarter

The Allstate Corp. released Wednesday its financial results for the quarter ending June 30, reporting a 44.7% increase in catastrophe losses, a 8.46% increase in property-liability claims and claims expenses, a 1.3-point increase in the...
Jul 31, 2014 10:47AM

U.S. insurance industry gearing up for IT growth, technological advancement

A new survey of 75 insurance industry practitioners in the United States indicates that IT budgets will grow as 67% of respondents report they will increase investments in 2014.
Jul 31, 2014 9:21AM

Net income down, revenue up for Willis Group in second quarter

Willis Group Holdings has reported a net income of $47 million in the second quarter of 2014 down from $105 million in the same period last year.
Jul 30, 2014 3:12PM

Insured damage for June storm in New Zealand estimated at NZ$30 million

The provisional cost of insured damage from the June 9-11 storm in New Zealand is NZ$30 million, pushing the tally of insured damage from severe weather events so far in 2014 to NZ$107 million, the Insurance Council of New Zealand (ICNZ)...
Jul 30, 2014 2:07PM

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