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Investment strategies and portfolio management
TT Club and U.K. P&I Members Approve Merger, Creating $750 Million Premium Group
Members approved a merger expected to combine about $750 million in annual premiums across shipping, ports, terminals and logistics.
Tryg AS Reports Increased Q3 Profit on Strong Underwriting Performance
Tryg AS posted a 10% year-on-year rise in Q3 profit, driven by improved underwriting and low large claims, signaling financial strength in the Nordic markets.
Kroger's Captive Insurers Face Negative Outlook Amid Increased Losses
A.M. Best has downgraded the outlook for Kroger's captive insurers, citing increased casualty losses affecting underwriting performance.
Lockton Appoints Vince Gaffigan to Lead U.S. Casualty Practice
Vince Gaffigan has been elevated to lead Lockton's U.S. casualty practice, a role that builds on his 26 years of tenure at the company.
Markel Unveils New Coverage for Chemical and Energy Sectors
Markel Insurance launches tailored property coverage for small to midsize energy businesses and promotes key leadership in its energy division.
Court Allows Temporary Worker’s Injury Lawsuit Against Concrete Company to Proceed
A North Carolina appeals court reinstated a temporary worker's injury suit against Johnson Concrete, rejecting the company's claim of employer immunity.
Tower Ltd. Reports 3% Increase in Gross Written Premium and Upgrades Profit Forecast
Tower Ltd. has announced a 3% rise in gross written premium and raised its net profit guidance for the year, driven by competitive pricing strategies.
Corteva Faces Lawsuit Over Vylor Spinoff Amid Allegations of PFAS Liability Shielding
Fifteen states have filed a lawsuit against Corteva, claiming its Vylor spinoff was a tactic to evade significant PFAS contamination liabilities.
Attorney Advertising Remains Prominent in Auto Insurance Claims Landscape
A significant majority of consumers notice attorney advertising related to auto insurance claims, with mixed opinions on its impact on costs and claims.
Tennessee Judge Rules Against Dual Workers' Comp Claims for Virginia Injury
A Tennessee judge denies benefits to a worker pursuing dual workers' compensation claims after a Virginia injury, citing jurisdictional issues.
Key Business Insurance Developments: Leadership Changes, Legal Settlements, and New IPOs
This week, notable trends in business insurance include leadership shifts, significant legal settlements, and an upcoming IPO.
Zurich Insurance Unit Exempt from NFL Concussion Settlement Payments, Appeals Court Rules
An appeals court has ruled that Zurich American Insurance's unit is not responsible for covering the NFL's billion-dollar concussion settlement with players.
Marsh Agency Reorganizes Operations, Appoints New CEO for Combined East Region
Marsh Agency merges its East and Northeast regions, appointing Andrew Neary as CEO, amid strategic expansions and leadership changes.
Illinois Court Rules Insurer Not Liable for Coverage in Carpenter's Death
An Illinois appeals court concluded that an insurer is not obligated to cover a construction company's liability in a carpenter's fatal accident due to an exclusion clause.
Louisiana Appeals Court Upholds Denial of Workers' Compensation Benefits Due to Non-Disclosure
A Louisiana court found that failure to disclose prior injuries led to the denial of workers' comp benefits for a health system employee.
Tennessee Judge Rules on Municipal Employee's Mold Exposure Claim
A Tennessee judge denied immediate medical bill payments for a municipal employee's mold exposure claim, emphasizing issues with documentation.
Court Determines CNA Must Cover $7.6 Million COVID Settlement for Guidehouse
A federal judge ruled that CNA's insurance must cover Guidehouse's $7.6 million settlement related to a failed COVID rental assistance program.
Moody's Forecasts Significant Drop in Property Reinsurance Prices for 2027
Moody's indicates that up to 38% of reinsurers anticipate property reinsurance price declines of 7-15% in 2027, with many predicting even steeper cuts.
Carisk Partners Acquires FirstCare Onsite to Enhance Occupational Health Services
Carisk Partners has acquired FirstCare Onsite, aiming to bolster onsite health services and enhance care management for workplace injuries.
Creative Parenting Claims: A Double-Edged Sword in the Workplace
A social media suggestion to feign parenthood for workplace flexibility stirs debate on fairness and the implications for HR practices.