U.S.
Liberty Mutual Sees Profit Fall in Q1
Boston-based Liberty Mutual reported Thursday its net income fell 30.7 percent to $318 million for its 2013 first quarter, compared to $459 million income reported during the prior year first ...
Hand-Picked Berkshire Bear Ready to ‘Spice Things Up’ for Buffett This Weekend
Hedge fund trader Doug Kass had his first brush with fame at the age of 10, when he appeared on a U.S. television quiz show, Tic-Tac-Dough, and won every day for a week. More than five decades later, ...
ACE Acquires Mexico’s Personal Lines Insurer ABA Seguros
ACE Limited said it has completed the acquisition of Mexican personal lines insurer ABA Seguros from Ally Financial Inc. for approximately $690 million in cash, after a $175 million pre-closing ...AIG Reports P/C Underwriting Profit for Q1
American International Group Inc.'s property and casualty business booked its first underwriting profit in two and a half years during the first quarter, as the insurer wrote more premiums at higher ...
Excess Testing, Not Medical Malpractice Payouts, Driving Up Health Costs: Study
Efforts to lower health care costs in the United States have focused at times on demands to reform the medical malpractice system, with some researchers asserting that large, headline-grabbing and ...
Florida OKs Cap on Physician-Dispensed Drugs for Workers’ Comp
After years of struggling to rein in the cost of physician-dispensed drugs, Florida workers' compensation insurers finally have a compromise with physicians and drug companies that is projected to ...
When & Where Apologies Make Sense In Insurance Claims Situations
Despite the prevalence of apologies—think Lance Armstrong, Tiger Woods, Mel Gibson and Bill Clinton—the idea of offering an apology as a result of a claim is rarely considered in the insurance ...
Applied Systems Acquires IVANS P/C Business
Insurance software vendor Applied Systems has completed its acquisition of the property/casualty business of IVANS, a major supplier of managed network, electronic data interchange (EDI) and ...