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The latest business news for the Property & Casualty insurance industry



AIG reports loss of Q4 on disasters, lower investment profits

American International Group Inc. Wednesday reported a quarterly loss when the insurer was hit by catastrophe losses and achieved a lower return on investments in a volatile market. Excluding realized gains and losses and other items, AIG posted a loss… Continue Reading →

AIG reports catastrophic Q4 net loss

American International Group (AIG) reported a net loss of $ 622 million for the fourth quarter (Q4) of 2018, significantly lower than $ 6.7 billion in the same quarter last year. Like many, the insurance conglomerate was hit with significant… Continue Reading →

CNA Financial reports loss in Q4

CNA Financial, owner of accident and accident insurance, today announced a fourth quarter (Q4) net loss of $ 84 million, a decrease of $ 307 million over the same period last year, when the insurer recorded a net profit of… Continue Reading →

UK Ocado expects total loss of $ 58 million distribution center after huge fire

One of the largest UK warehouses of Ocado Group Plc is expected to be completely destroyed by a fire, limiting the online grocery's ability to meet customer demand and reduce revenue growth. The eruption started Tuesday morning in the £… Continue Reading →

After death, the loss of insurance at Berkeley EMT and a $ 59,000 bill

Jerry Carino Asbury Park Press Posted at 5:00 am EST February 8, 2019 Editor's Note: This is an article from the series "Helping Hands" by Asbury Park Press, in which we publish the stories of those in need and ask… Continue Reading →

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