Operations

"Fast food obesity" bill passed by U.S. House committee

The U.S. House judiciary committee has passed the "Personal Responsibility in Food Consumption Act", opening the door for federal legislation to stop lawsuits aimed at restaurants and other food service providers for purportedly causing obesity.The bill responds to suits aimed at restaurants such as McDonald’s by people seeking damages for the negative health effects of […]

By Canadian Underwriter | January 30, 2004

2 min read

Letters to the Editor (November 01, 2003)

Dear Editor, I have just finished reading/scanning another edition of CU received at our office and left for those of us brokers interested enough to pick it up and read. (I could go on at length about how uninterested and demoralized the brokers in my neck of the woods have become over the past 2 […]

October 31, 2003

1 min read

Hub withdraws from Near North purchase

Broker consolidator Hub International Ltd. is the latest to withdraw from talks to buy the brokerage operations troubled Near North National Group.Chicago-based Near North has been trying to sell its assets as the company and its former CEO, Michael Segal, face indictment for federal fraud charges in the U.S. Chicago-based private equity firm Frontenac Co. […]

By Canadian Underwriter | August 15, 2003

1 min read

Hub 2-Q net earnings flatten on share dilution

Broker network consolidator Hub International Ltd. (TSX: HBG) increased second quarter revenue by 29% year-on-year to US$74.1 million, while net earnings fell to US$10.1 million for the same period compared with the US$10.7 million reported at the end of June 2002. The modest decline in earnings, which equates to 31c a share on a diluted […]

By Canadian Underwriter | August 4, 2003

2 min read