News
Markel’s Combined Ratio Soars Due Partly to Medical Malpractice Troubles
Markel Corp. saw its net income plunge during the 2016 third quarter and its combined ratio soar by 10 points versus the previous year. The insurer blamed, in part, "unfavorable development" in its ...
Hiscox Helps Back Indio, a Commercial Insurance Broker Platform, in $2M Round
Hiscox is among the participants in a $2 million seed financing for Indio, a commercial insurance platform for brokers that aims to do what Sabre did for travel agents or Schwab did for wealth ...
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 ...
A Handful of Wall Street Execs Still Avoid Using Emails or Texts
In an age when most bankers use keyboards to communicate with each other, a small group of the Wall Street elite refuses to say anything substantive in an email, text or chat, and some will not ...
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 ...