Headlines
“Net underwriting losses worsened in the third quarter, driving insurers’ combined ratio to 104.5 and contributing to a 57% plunge in net income after taxes."
The two possessions that most concern insurers — homes and motor vehicles — happen to be the largest contributors to the historic 7.5% inflation rate.
Remington Arms will pay $73 million to the families of five adults and four children killed in the Sandy Hook Elementary School massacre.
A judge has denied a request for a preliminary injunction to halt the enforcement of an order from California Insurance Commissioner Ricardo Lara.
