Underwriting
Struggling Greenlight Capital Re Hit With A.M. Best Ratings Downgrades
Greenlight Reinsurance Ltd. has been seeking to improve underwriting results after months of losses. But it apparently hasn't moved fast enough for A.M. Best, which slapped it with credit ratings ...
AIG’s Mixed Results Lead to Stock Drop, Wall Street Skepticism
American International Group Inc.'s assurances of underwriting progress are drawing increased skepticism from Wall Street analysts after another disappointing quarter. Results from international ...
The Latest Launches From Chubb, Willis Towers Watson and XL Catlin
Chubb has expanded its business owner's policy to the technology industry and added specialized features. Willis Towers Watson launched an insurance product designed to protect financial institutions ...
Amazon Contractors Sue Retail Giant for Overtime Pay
Amazon.com was sued by Illinois delivery drivers who say the company failed to pay them overtime for hauling its goods. Among the questions the judge will have to answer? Whether they actually worked ...
UK Court Rules Brexit Can’t Start Without Parliamentary Vote
The U.K. must hold a vote in Parliament before starting the two-year countdown to Brexit, a panel of London judges decided, setting up a constitutional confrontation at the country's Supreme Court ...
Workers Compensation Spending on Drugs Plunges Nearly 9%: Study
An analysis of pharmacy cost data shows there was an 8.7 percent drop in spending on drugs in 2015 in workers compensation injury cases. The decline in 2015 is consistent with the overall downward ...
SCOTUS Skeptical About Tossing State Farm Hurricane Fraud Jury Verdict
The Supreme Court on Tuesday appeared unlikely to throw out a jury verdict against State Farm that found the insurance company defrauded the U.S. government when it assessed damage caused by ...
Brexit Talks Could Get ‘Quite Vicious’
U.K. Prime Minister Theresa May was warned by her Irish counterpart that the upcoming Brexit talks may prove "quite vicious" as a panel of judges prepared to rule on whether she alone can begin those ...