Commercial Lines
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 ...
After 6 Years of Fast Growth, Cyber Insurance Purchasing Slows Down
There are signs in 2016 that the cyber insurance market is slowing after six years of rapid growth, even as the overall upward trend of organizations purchasing cyber insurance continued. A 2016 ...
Investment Gains Fuel Allied World’s Q3 Results
Double-digit investment income growth contributed largely to solid Q3 earnings at Allied World Assurance Company Holdings AG. Results also reverse the losses booked a year ago, despite some larger ...
Aspen Buys Puerto Rico MGA as Part of Caribbean Marine Expansion
Aspen Insurance has made an acquisition that will expand its specialist Marine capabilities in the Carribbean market. The Bermuda-based insurer said it bought Blue Waters Insurers, Corp. Blue Waters, ...
XL Catlin Adds Employment Practices Liability Option for Design Professionals
XL Catlin said it is adding an employment practices liability option to its professional liability insurance product for architects, engineers and other U.S. design professionals or businesses. The ...
Executives On The Move at Starr Companies, Lemonade and RMS
Starr Companies made a new executive appointment in Seattle. Startup Lemonade hired a chief compliance officer/general counsel. Catastrophe modeling firm RMS brought on a new executive from AXIS ...