Industry News
Farmers Launches Food Truck Insurance Product
Farmers Insurance has launched an innovative new policy that offers licensed food truck owners the opportunity to purchase a single policy that combines commercial automobile coverage for their truck ...
Hospital Surgery Rates for Workers Comp Vary Widely
Hospital rates for outpatient surgery paid by workers compensation vary significantly across states, with those states with fixed fee schedules having lower surgery costs for injured workers. Workers ...
H1 Catastrophe Losses Are High, and Texas Endured Many of Them
Weather catastrophe activity slammed into 39 states during the 2016 first half. But in a six-month period where insured losses rose well above typical levels, Texas was by far the worst hit, ...
‘Manageable’ Losses Predicted From Hurricane Hermine
Hurricane Hermine, which is poised to land in Florida Friday, may result in "manageable" losses for the insurance industry, according to Keefe Bruyette & Woods analyst Meyer Shields. The storm is ...
EU Passporting Could Be Crucial for Lloyd’s Market Position in Post-Brexit World
The UK's exit from the European Union, or "Brexit," could lead to a loss of business for Lloyd's of London unless the UK government is able to negotiate passporting arrangements to maintain access to ...
Insurance Companies, Pension Funds Carve Out Large Piece of Currency Trading
Non-bank financial institutions like insurance companies, mutual funds and pension funds account for more than 50 percent of daily turnover in the currency market, a survey of the foreign exchange ...
Amtrak Scores Partial Victory in Effort to Recoup Superstorm Sandy Insurance
Amtrak secured a partial U.S. appellate court win on Wednesday in its efforts to recoup insurance coverage after the railroad service sustained more than $1 billion in losses during Superstorm Sandy ...
Executives On The Move at Beazley, Endurance and W.R. Berkley
Beazley added executive staff to its Chicago-based underwriting office. W.R. Berkley hired on a new chief information officer. Endurance Specialty Holdings appointed an AIG veteran as CEO of its U.S. ...