The Hartford’s net income rebounded during the third quarter, rising 21% from Q3 2018 to $524 million, partly due to lower current accident year catastrophes, a lower group disability loss ratio and higher net investment income, the company said. The …
How did a piece of piping installed when Richard Nixon was U.S. president go without once being checked before leading to a fire that devastated the East Coast’s largest and oldest oil refinery? That’s a question safety experts and activists …
Nearly a year after the deadliest and costliest wildfire in U.S. history, insurers and the customers they cover are revisiting how to reduce their collective exposure to this risk, according to the Insurance Information Institute (I.I.I.). “While our research has …
Walmart Inc. has settled its lawsuit against Tesla Inc. over fires at more than a half-dozen of the retail giant’s stores. Walmart sued the electric-car maker and solar company in New York State Supreme Court in August, alleging that its …
Every morning when he goes to work in the freezer room of a warehouse in eastern Pennsylvania, Jack Westley throws on a hooded sweatshirt to keep warm and grabs a radio to talk to his coworkers. He was recently given …
Argo Group International Holdings Ltd. announced the retirement of Mark E. Watson III as chief executive officer, effective immediately. Kevin J. Rehnberg has been named interim chief executive officer, subject to Bermuda regulatory approval. Watson’s exit comes on the heels …
Florida-based broker Baldwin Risk Partners (BRP) has come a long way since it was formed less than 10 years ago. The company has grown exponentially both through acquisitions and expansion and it is now beginning a new chapter of its …
Program business premium rose 12.2% in 2018, reaching $40.5 billion from $36 billion in 2016, according to The 2019 State of Program Business Study published by the Target Markets Program Administrators Association (TMPAA). Program business again outpaced the total property/casualty …
Women engineers who claim Microsoft Corp. discriminates against them for pay and promotions faced tough questions from a federal appeals court weighing whether their ground-breaking lawsuit should become a class action. During arguments Monday in Portland, Oregon, the three-judge panel …
Note: This story has been updated with a response from an Applied spokesman describing the actions by the California Department of Insurance as “an unusual Draconian attempt.” A San Mateo County Superior Court on Monday evening issued an order appointing …
