The lawyer hired by General Motors Co. reported 100 deaths classified as having been caused by defective ignition switches on recalled small cars and aims to complete the process this summer.
State Farm Mutual Automobile Insurance Co., the largest U.S. property-casualty insurer, said 2014 profit fell 19 percent as the underwriting loss widened on car coverage.
XL Group CEO Mike McGavick said employees who are worried about disruption from his companys planned purchase of Catlin Group should think twice about jumping ship.
Ace CEO Evan Greenberg, whose insurer posted a decline in fourth-quarter profit as currency fluctuations pressured results, predicted that recent gains in the dollar will be temporary.