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XL Group Posts $279.3 Million Q2 Net Loss; $279.6 Operating Income

The XL Group announced that its operating net income for the second quarter of 2014 was $279.6 million, or $1.02 per share, which produced “a net loss attributable to ordinary shareholders of $279.3 million including the loss on sale of … Continue reading

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Montpelier Reports $37 Million Q2 Net Income; $36 Million Operating

Bermuda-based Montpelier Re Holdings Ltd. reported operating income for the second quarter of $36 million, or $0.76 per common share. Net income was $37 million, or $0.78 per common share, which “included $12 million of realized and unrealized investment gains … Continue reading

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Obesity Linked to Increased Fatigue in the Workplace

U.S. workplaces may need to consider innovative methods to prevent fatigue from developing in employees who are obese. Based on results from a study published in the Journal of Occupational and Environmental Hygiene (JOEH), workers who are obese may have … Continue reading

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Massachusetts Auto Insurance Rates Climbing Again

Auto insurance rates that fell sharply after deregulation in Massachusetts are climbing again. The Boston Globe reports that five years after Massachusetts began to allow insurers to set their own rates, the average premium was about the same as it … Continue reading

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Russian oligarchs fear fallout from Putin’s actions

The international community continued to isolate Russian President Vladimir Putin Monday for fanning the flames of war in Ukraine. European nations announced a new round of sanctions against Russia’s financial, defense and energy sectors.  “Leaders agreed that the international community … Continue reading

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What a higher minimum wage could mean for McDonald’s

The fight for higher fast food worker wages continues. But could it have a major impact on the largest fast-food restaurant chain in the world, McDonald’s? Over the weekend, some 1,300 fast food workers convened in Chicago. Financed by the … Continue reading

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Judge OKs record-setting $2B sale of Clippers

LOS ANGELES (AP) — Embattled Los Angeles Clippers owner Donald Sterling lost his attempt to block the $2 billion sale of the team to former Microsoft CEO Steve Ballmer. In allowing the deal to go forward, Superior Court Judge Michael … Continue reading

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Old tech value names trump new tech growth

Looking for a well valued sector to plow some money into? You may be surprised by David Lefkowitz of UBS and his call to take a look at the names in big tech. “If you look at the technology sector … Continue reading

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A.I.M. Mutual in Massachusetts Names IT Director

The Associated Industries of Massachusetts Mutual Insurance Companies (A.I.M. Mutual), a workers’ compensation insurer based in Burlington, Mass., promoted Abi Troy to director of information technology. In this capacity, she is responsible for all systems design, programming and development, including … Continue reading

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Berkshire Specialty Enters Fiduciary Liability Segment, Hires Prussack as VP

Berkshire Hathaway Specialty Insurance (BHSI) has entered the fiduciary liability market and named Rhonda Prussack as vice president, Fiduciary Liability, to lead the effort. According to Dan Fortin, senior vice president, Executive and Professional Lines, BHSI, Prussack will work with … Continue reading

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