U.S.
UK Court Rules Brexit Can’t Start Without Parliamentary Vote
The U.K. must hold a vote in Parliament before starting the two-year countdown to Brexit, a panel of London judges decided, setting up a constitutional confrontation at the country's Supreme Court ...
AIG Turns a Q3 Profit, but Commercial Combined Ratio Hits 105.3
American International Group Inc, the largest commercial insurer in the United States and Canada, reported a net income versus a loss last year, when tumultuous markets gutted returns from 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 ...
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, ...