Edition:
United States

Suzanne Barlyn

AIG profit beats on strong underwriting, investment income

Aug 07 2019

Insurer American International Group Inc beat Wall Street estimates for quarterly profit on Wednesday, boosted by improved underwriting in general insurance business and higher investment income, sending its shares up 3% in extended trading.

New York state regulator leads probe into payroll advance industry

Aug 06 2019

The payroll advance industry is under investigation by New York's financial regulator and other states over whether its companies are charging usurious interest rates and engaging in potential violations of payday lending laws, the regulator said on Tuesday.

New York state regulator leads probe into payroll advance industry

Aug 06 2019

Aug 6 The payroll advance industry is under investigation by New York's financial regulator and other states over whether its companies are charging usurious interest rates and engaging in potential violations of payday lending laws, the regulator said on Tuesday.

MetLife quarterly profit doubles on derivative gains

Jul 31 2019

U.S. insurer MetLife Inc on Wednesday reported quarterly profit that doubled from a year ago, boosted by strong derivative gains.

Wall Street watchdog to boost transparency about using 'cooperation' for penalty reductions

Jul 11 2019

Wall Street's industry-funded watchdog on Thursday said it plans to be more transparent about its process for determining when a securities brokerage qualifies for a reduced penalty in exchange for so-called "extraordinary cooperation."

Rivals ride rising rates as Lloyd's abandons some ship insurance

Jun 24 2019

LONDON/NEW YORK Rivals to Lloyd's of London are riding a rising tide of marine insurance rates, leaving the 330-year-old market behind after it jettisoned sections of its oldest line of business last year.

Lloyd's to meet with insurers AIG, Chubb to boost U.S. business: CEO

Jun 19 2019

NEW YORK Lloyd's of London Ltd is meeting with major U.S. insurers about driving more business through its global insurance market, Chief Executive Officer John Neal said on Wednesday.

Insurance costs rocket for U.S. IPOs as twitchy investors take to courts

Jun 17 2019

Companies going public in the United States face insurance costs that have increased as much as 200% in the last three years to cover their executives against lawsuits alleging they misled investors.

World News

Iran tanker heads to Greece, U.S. warns against helping vessel

An Iranian tanker at the center of an angry confrontation between Iran and Washington sailed for Greece on Monday after it was freed from detention off Gibraltar, as Washington called the release unfortunate and warned Greece and Mediterranean ports against helping the vessel.