Posts Tagged ‘losses’

Merrill Lynch to pay N.J. $45 million over pension fund losses

The settlement resolves several years of litigation between New Jersey and the investment bank New Jersey Business

Allstate puts Hurricane Sandy losses at $1 billion

Ted Vitolo (left) of Vitolo Construction in Toms River grabs an old metal wash tub from Mark Mongiovi (center) that was found under the floor boards of a home on Sheridan Av. in Seaside Heights. Tony Kurdzuk/The Star-Ledger Allstate,… New Jersey Business

Restaurants tally losses from storm, start construction and plan reopenings

There’s one small piece of good news at the Hunan Taste in Denville. The koi they keep in an outdoor pond weren’t washed away by the Rockaway River, thanks to a loose net they keep over them. New Jersey Business

Hurricane Irene losses already reach $1.1B, firm estimates

Irene caused as much as $ 1.1 billion in insured losses in the Caribbean, much of that from wind damage and flooding to residences, businesses and cars, according to disaster modeling firm AIR Worldwide. New Jersey Business

Property insurer Chubb sees profits fall on storm-related losses

The insurer of commercial property and high-end homes said profit fell 19 percent on increased claims costs from catastrophes including U.S. storms. New Jersey Business