Insurance News

Posts Tagged ‘America

Terrorist attacks, hurricanes and pandemic risks top the list of “Top Ten Mega Disasters” of the past decade, released yesterday by Zurich, one of the largest property/casualty insurers globally and in North America.

The mega disasters, which were selected by Zurich based on overall business impact and ranked chronologically, are:

1. 9/11 ­ 2001

2. SARS ­ 2003

3. 2003 U.S./Canada power outage ­ 2003

4. 2004 Read the rest of this entry »

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NEW YORK, (Reuters) – Bank of America Corp (BAC.N: Quote, Profile, Research, Stock Buzz) sees more opportunities for its advisers to sell different financial products to its customers, according to an investor presentation by CEO Brian Moynihan on Tuesday.

Its efforts to “cross-sell” products to different parts of its customer base have been driven in large part by its purchase of Merrill Lynch during the financial crisis.

Bank of America Read the rest of this entry »

(Health Insurance News) — The most important thing Republicans think is that if there are Americans who can’t afford the health insurance policies that private insurers are willing to offer, then that’s their problem — there’s nothing the government or the rest of us should do about it.

I’m not sure what else was accomplished at Thursday’s Blair House summit, but surely one result is that we learned what Republican “leaders” really think Read the rest of this entry »

If health insurers are hoping to keep Washington out of their industry, they’re going about it in a strange way.

A new report by health care activists shows that the nation’s five largest health insurers covered fewer people last year and still piled up combined profits that were 56 percent higher than the previous year. This is what prompts governments to regulate.

The soaring cost of health care is threatening to drive the American Read the rest of this entry »

CHARLOTTE, N.C., Bank of America’s board of directors has chosen consumer banking chief Brian Moynihan to replace Ken Lewis as CEO of the nation’s biggest bank on Jan. 1.

Their pick of an internal candidate on Wednesday followed a months-long search and unsuccessful attempts to hire a star industry executive for the top job. The negotiations were complicated by pay restrictions imposed by government pay czar Kenneth Feinberg before the Read the rest of this entry »

CHARLOTTE, N.C., Bank of America’s board of directors has chosen consumer banking chief Brian Moynihan to replace Ken Lewis as CEO of the nation’s biggest bank on Jan. 1.

Their pick of an internal candidate on Wednesday followed a months-long search and unsuccessful attempts to hire a star industry executive for the top job. The negotiations were complicated by pay restrictions imposed by government pay czar Kenneth Feinberg before the Read the rest of this entry »

The Cross Bronx Expressway, that fume-choked expanse of concrete and steel that slices through New York City’s mainland borough, occupies a uniquely tragic place in the history of urban planning.

It displaced more than 60,000 middle-class residents during its construction between 1948 and 1963, and it cost $250 million–more than any highway project before it. The apartment buildings that line its growling trench have been home to generations Read the rest of this entry »