Hedge Funds Trail S&P 500 by 10 Percentage Points, Goldman Says
By Jesse Westbrook - May 22, 2013 11:45 AM ET Hedge funds’ returns have stayed “lackluster” this year, with the $2.3 trillion industry trailing the gains of the Standard & Poor’s 500 Index by about 10 percentage points, according to Goldman Sachs (GS) Group Inc. Hedge funds gained 5.4 percent on average through May 10, compared with a 15.4 percent rise for the S&P 500 (SPX) and a 14.8 percent increase for the typical mutual fund, a team of Goldman Sachs analysts led by Amanda Sneider and David Kostin wrote in a report released today. [...]
Third Day of Storms Forecast After Oklahoma Devastation
By Bloomberg News Service A swath of the Midwest that’s home to 63.9 million people faced a third day of tornadoes, powerful thunderstorms and damaging hail from the same system that spawned yesterday’s deadly Oklahoma twister. [...]
The AHA Extends Its Endorsement of Boston Mutual’s Worksite Insurance Products for Hospitals and Health Care Organizations
Boston Mutual's products demonstrate many benefits along with a long-term commitment to health care employers and employees, which is important to AHA members. [...]
Deadly Tornado In Moore, Oklahoma, Prompts Swift Insurance Industry Response
As in 1999, Insurers Will Play Key Role in Rebuilding Area [...]
Nationwide Insurance, Allied Insurance Responding to Severe Weather
COLUMBUS, Ohio--(BUSINESS WIRE)--Nationwide Insurance and Allied Insurance claims representatives and agents are prepared to assist customers affected by the severe storms that recently swept through the central Plains and Midwest. [...]
American General Announces AG Accident Choice PlusSM: Accidental Injury Insurance That Pays Benefits Regardless of Other Health Coverage
HOUSTON--(BUSINESS WIRE)--American General Life Companies (American General) announces AG Accident Choice PlusSM, an insurance product that provides benefits, regardless of other health coverage, for a wide range of emergency medical costs — from emergency room visits to physical therapy to diagnostic exams, even surgery — related to accidental injuries. [...]
A.M. Best Special Report: Latin America Insurance Regulators Evolve With Growing, Changing Markets
OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. has released a special report on the Latin American insurance market. [...]
The Main Street America Group Introduces Commercial Products to Austin Mutual Agents in Wisconsin
MILWAUKEE--(BUSINESS WIRE)--The Main Street America Group has introduced its commercial product line, featuring its flagship Main Line Business Owners Policy (Main Line BOP), to independent agents who represent the super regional property/casualty insurance carrier’s Austin Mutual Insurance Company throughout the state of Wisconsin. [...]
Financial Advisors of America, Inc. Announces 1st Of Its Kind Insurance With "Living Benefits" To Provide Financial Security And Prevent Financial Disaster When Income Stops And Bills Don't
Financial Advisors of America recently introduced their newest financial product nationally. The new product is a different kind of life insurance where policy holders don't have to die to collect [...]
PURE Introduces Comprehensive Auto Insurance Option to Massachusetts Drivers
WHITE PLAINS, N.Y., May 21, 2013 /PRNewswire/ -- Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property/casualty insurer that exclusively caters to responsible high net worth individuals and families, has announced that it will begin offering automobile insurance to its membership in Massachusetts. [...]
International Medical Group and Sister Cities International Bring Insurance Solutions to International Travelers
INDIANAPOLIS, May 21, 2013 /PRNewswire/ -- International Medical Group®, Inc. (IMG®), a worldwide leader in designing, distributing and administering global health care benefits, today announced its international medical insurance products will be available to members of Sister Cities International effective July 1, 2013. [...]
Transamerica Once Again Teams With Habitat for Humanity in Builds Across the U.S.
Employees Help Transform Tomorrows in 12 Cities [...]
Best’s Review Webinar Today Examines How New Legislation Affects Product Contamination and Recall Risks
OLDWICK, N.J.--(BUSINESS WIRE)--The risks associated with product contamination affect many industries. [...]
Statement Of Superintendent Benjamin M. Lawsky On MetLife's Decision To Move Offshore "Captive" Subsidiary Back To The United States
"MetLife has acted wisely in bringing this subsidiary back to the United States where it will be subject to stronger rules and oversight. [...]
Collins Einhorn Farrell Attorney Melissa E. Graves Named President of the Women’s Bar Association
SOUTHFIELD – May 21, 2013 – Collins Einhorn Farrell attorney Melissa E. Graves will be installed as president of the Women’s Bar Association at its annual dinner on Thursday, May 23. [...]
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