Swiss Re loses dispute with home improvement retailer over settlement

A federal appeals court Thursday affirmed a lower court ruling against a Swiss Re unit in a dispute involving a home improvement retailer’s rejection of a settlement offer that led to a $6 million jury verdict. A customer of Eau Claire, Wisconsin-based Menard Inc., a home improvement chain, filed a negligence suit against the retailer … Read more

Taiwanese reinsurer sees improvement in underwriting performance

Taiwan-based Central Reinsurance Corp.’s underwriting performance in its domestic non-life portfolio improved in 2021, driven by better claims experience in the motor, casualty and fire lines, according to A.M. Best Co. Inc., Asia Insurance Review reported. Overseas business grew at a more subdued rate and contributed favorable underwriting results. Claims arising from COVID-19 policies will … Read more

Consistent improvement in Delhi’s air quality: Environment minister Yadav

There has been a “consistent improvement” in Delhi’s air quality and the annual PM2.5 and PM10 concentrations in the capital have reduced by 22 and 27 per cent, respectively, between 2016 and 2021, Union Environment Minister Bhupender Yadav said on Monday. The number of ‘good’, ‘satisfactory’ and ‘moderate’ days … Read more

Assam floods: Slight improvement witnessed; over 3.3 mn still affected

The overall flood situation in Assam has improved but over 33.03 lakh people in 28 districts continue to remain affected due to the natural calamity in the state, the Assam State Disaster Management Authority (ASDMA) informed on Saturday. According to ASDMA, a total of 117 people have lost their … Read more

Assam flood: Death toll rises to 24; marginal improvement in situation

Six more persons died in Assam on Sunday due to flood, taking the overall death toll to 24, even as the flood situation witnessed some marginal improvement, officials said. Over 7.19 lakh people have been affected in 22 of the state’s 34 districts. Assam State Disaster Management Authority (ASDMA) officials … Read more

No improvement in J&K’s security after Article 370 abrogation: NC chief

National Conference vice-president Omar Abdullah on Wednesday said there has been no improvement in the security situation in Jammu and Kashmir following the abrogation of Articles 370 and 35A. Targeted killings are taking place continuously one after another. “In this week, three such killings took place. After every few weeks, … Read more

‘solid 1Q sales’ for home improvement ahead of Home Depot, Lowe’s earnings

Two of America’s largest home improvement retailers, Home Depot (HD) and Lowe’s (LOW), are expected to report fiscal Q1 2022 earnings next week. Ahead of these earnings releases, a recent Bank of America (BAC) Global Research report suggests a positive outlook for the performance of the two companies. “Recent signals of home improvement retail activity … Read more

GE CFO sees improvement in company businesses in H2 By Reuters

© Reuters. A traffic light is seen in front of a logo of General Electric at the company’s plant in Birr, Switzerland June 17, 2019. REUTERS/Arnd Wiegmann CHICAGO (Reuters) – General Electric (NYSE:) Co on Thursday said it expects an improvement in its businesses in the second half of the year despite persistent inflationary and … Read more

Progressive upped to Equal-Weight at Morgan Stanley on margin improvement (NYSE:PGR)

DNY59/E+ via Getty Images Morgan Stanley analyst Michael Phillips on Monday has upgraded Progressive (NYSE:PGR) to Equal-Weight on the basis of prospects for improved margins. Still, PGR stock is ticking lower by 0.4% out of the gates. The analyst raised his 2023 EPS estimate by 8% to $3.90, reflecting a core loss ratio of 72.0% … Read more