Lumber Liquidators' new woe: Insurers are balking Flooring retailer Lumber Liquidators, already facing a flood of lawsuits and investigations over allegations of high levels of formaldehyde in some of its products, has yet another problem, CNBC has learned: the company's insurance carriers are refusing coverage for the debacle.
| By: Scott Cohn
UPDATE 1-Allstate's profit beats Street as catastrophe losses fall May 5- Allstate Corp, the largest publicly traded home and auto insurer in the United States, reported a better-than-expected quarterly profit as losses from natural disasters fell sharply. Allstate's net income available to common shareholders rose to $648 million, or $1.53 per share, in the quarter, from $587 million, or $1.30 per share, a year earlier.
Dividend ETFs lose ground. Time to buy? Why are dividend ETFs getting knocked as company after company raise their payouts?
| By: Scott Nations, president and chief investment officer, NationsShares