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Stress testing of Bermuda's insurance companies is likely to become a regular feature of regulation on the Island - even after the global economy has recovered from its present plight.
Shelby Weldon, director of insurance licensing and authorisation ...
DATE: Apr 24, 2009
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Businessman Henry Talbot yesterday dropped his $80,000 compensation claim against the Bromby brothers on the closing day of their malicious prosecution case against him.
In 2004, Mr. Talbot accused the brothers competitive sailor Peter, 44, and John,...
DATE: Apr 24, 2009
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NEW YORK (AP) - About halfway through first-quarter earnings reports, Wall Street still is not sure where the economy is headed.
The Dow Jones industrials closed yesterday with a gain of about 71 points, or 0.9 percent, but only after another shaky, ...
DATE: Apr 24, 2009
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WASHINGTON (AP) — President Barack Obama said yesterday he is determined to get a credit-card law that eliminates the tricky fine print, sudden rate increases and late fees that give millions of consumers headaches.
"I trust that those in the industr...
DATE: Apr 24, 2009
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A 17-year-old appeared in Magistrates’ Court this morning on charges related to yesterday’s dramatic events at CedarBridge Academy.
CedarBridge student Jermaine Usher pleaded not guilty to causing grievous bodily harm to a 16-year-old St. George’s re...
DATE: Apr 24, 2009
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DETROIT (AP) — General Motors Corp. said yesterday it will temporarily close 13 assembly plants in the US and Mexico — some for more than two months — as it tries to pare back its bloated inventory due to slumping sales.
The company said in a stateme...
DATE: Apr 24, 2009
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NEW YORK (AP) — Royal Caribbean Cruises Ltd., battered by a sharp and prolonged drop in vacation spending, said yesterday it lost less in the first quarter than expected as bookings stabilised and cruise costs declined more than anticipated.
Travelle...
DATE: Apr 24, 2009
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Civil servant LeYoni Junos was unlawfully dismissed from her job but not because she was a whistle-blower or the victim of political interference by Premier Ewart Brown, a judge ruled today.
Ms Junos launched a civil action after losing her position ...
DATE: Apr 24, 2009
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AUTHOR:
Sam Strangeways
Students were given an insight into the world of insurance by Marsh and Guy Carpenter & Company LLC courtesy of a three-month road show held at Bermuda's public and private schools.
The initiative, which is in its second year, uses interactive presen...
DATE: Apr 24, 2009
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NEW YORK (Bloomberg) — US Airways Group Inc. posted a first-quarter net loss of $103 million as the recession crimped travel demand, while JetBlue Airways Corp. reported a profit of $12 million on lower fuel costs. Both beat analysts' estimates.
The ...
DATE: Apr 24, 2009
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