Markets
Allstate Outlines ‘Surgical’ Auto Rate Hikes to Combat Inflation
Rate increases in Allstate's auto insurance business are in integral part of the insurer's overall plan to address the impact of inflation. Wednesday during a conference call with analysts to discuss ...
Allstate Q1 Net Income Returns to Black Despite Adverse Auto Results
First-quarter 2022 insurance premiums earned grew 6.5 percent to about $11 billion at Allstate Corp., as net income was $630 million compared with a loss of about $1.4 billion during the first three ...
Juul Can’t Escape Trial in Youth Vaping Marketing Suits
Juul Labs Inc. failed to block the first trial set in a flurry of more than 2,500 personal injury cases accusing the e-cigarette maker of deliberately targeting minors in marketing its vaping ...
Markel Co-CEO Whitt to Retire Next Year
Markel Corporation announced Wednesday that Richard R. Whitt III, co-chief executive officer of Markel, plans to retire by March 31, 2023. Upon Whitt's retirement, Thomas S. Gayner, co-chief ...
35% of Workplace Injuries Occur During First Year: Travelers
A new study by Travelers of workers compensation claims found that 35 percent of injuries occur during employees' first year on the job, regardless of age or industry experience. "Our data ...
Dealmaking 101: When Opportunity Comes, You Move, Buffett Says
When opportunity comes, you have to move. That was one of the simple life lessons that Warren Buffett imparted during the six-hour-plus annual meeting of Berkshire Hathaway shareholders on Saturday. ...
State Farm Still Wins: Buffett Talks Auto Insurance at Annual Event
There wasn't a lot of talk about auto insurance at this year's annual meeting of Berkshire Hathaway, but when the subject came up, Warren Buffett acknowledged the continued dominance of one ...
QBE North America Launches Specialty Casualty Business
QBE North America has launched a new Specialty Casualty business that will offer admitted and non-admitted primary, lead umbrella and excess liability products, targeting a wide range of business ...