Travelers declares results turnaround for Q2

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“We are very pleased to report excellent underwriting and investment results, generating second-quarter core income of US$879 million, or US$3.45 per diluted share, and core return on equity of 13.7%,” said Alan Schnitzer, chairman and CEO of Travelers. “Higher underlying underwriting income and net favourable prior-year reserve development, as well as a lower level of catastrophe losses, all contributed to higher core income compared to the prior-year quarter.”

The company’s strong results allowed Travelers to return US$625 million of excess capital to shareholders in Q2, including US$401 million of share repurchases, Schnitzer said.

The company’s overall net written premiums grew

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Police arrest captain of HK cricket team for insurance fraud

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The captain of Hong Kong’s men’s cricket team has been arrested over allegations of insurance fraud, according to a report from the South China Morning Post.

According to the SCMP, police arrested cricketer Aizaz Mohammad Khan for attempting to defraud his insurer of HK$3 million after he filed a claim for a traffic collision last year that allegedly left him unable to work.

Read more: Cricket World Cup washouts prove expensive for insurers – reports

Khan’s insurer referred the matter to the Hong Kong police’s commercial crime bureau after its review indicated fraud. And the police’s own investigation into the

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Ladies In Law And Legal Advocacy

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Programs that will begin in August, the course is open to all college students and practitioners who wish to improve their … Read More

Services, Hours, & Places

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Students are in a position to take responsibility for their very own instances, with an intensive educational experience in the classroom. Students are licensed to symbolize shoppers in every facet of litigation, together with showing in courtroom and at federal and state administrative hearings. Students in this clinic work in quite a lot of household law settings, spending as a lot as fifteen hours per week within the subject. Placements might embody authorized companies places of work, public curiosity Law Enforcement Today organizations that fight home violence, Probate and Family Court, governmental agencies, and personal law companies. In order to … Read More