Commercial Lines
Progressive Tops A.M. Best’s Premium Ranking of U.S. Commercial Auto Insurers
Progressive Insurance Group is the top U.S. commercial automobile insurer by 2015 premium volume, an accomplishment that comes as the broader sector's overall performance continues to deteriorate, ...
Executives On The Move at Aspen, Guy Carpenter and More
Aspen Insurance Holdings promoted an executive to the newly-created role of Group Chief Operating Officer. Guy Carpenter & Co. appointed a veteran executive to the newly-created role of ...
It has been said that the best advertisement for insurance is not having it (or not having enough of it)...
20 States Sue Mylan, Teva, Others Alleging Generic Drug Price Fixing
Two years after high generic drug prices became a public controversy, legal cases are starting to land. Twenty states filed a lawsuit Thursday against Mylan NV , Teva Pharmaceuticals and four other ...
Allianz Reportedly May Bid for Generali’s French Business
Allianz SE, Europe's largest insurer, is in discussions with Assicurazioni Generali SpA as it weighs a bid for the company's French operations, according to people familiar with the matter. Allianz ...
Dwindling Investment Returns, Heavy Competition Erode Insurance Industry Fundamentals
The ongoing pressures of diminishing investment returns, dwindling loss reserves and intense competition are beginning to erode industry fundamentals, cautioned A.M. Best in a special report titled ...
Merck Wins $2.54B in Royalties From Gilead in Patent Lawsuit Trial
Merck & Co. on Thursday was awarded $2.54 billion in royalties by a federal jury in a patent lawsuit against Gilead Sciences Inc. over Gilead's blockbuster hepatitis C drugs Sovaldi and Harvoni. ...
Allstate Signs on for Multiyear Autonomous Vehicle Research Project at Stanford
Allstate Insurance Co., the nation's largest publicly held personal lines insurer, is continuing its drive into new technology, agreeing to a multiyear research project with the Intelligent Systems ...
Two Insurance-Related Risk Services Companies Make Acquisitions
Two companies that provide various services and products in insurance-related areas including risk management compliance and claims have made acquisitions. The first, Origami Risk in Chicago, said it ...