Lloyd’s reported 2016 pretax profit of £2.1 billion pounds ($2.6 billion), level with 2015, despite a worsening of the market’s combined ratio at 97.9 percent, compared with 90.0 percent in 2015. Return on capital was 8.1 percent in 2016 compared …
Lloyd’s, the specialist insurance and reinsurance market, announced it will set up a European insurance company in Brussels in preparation for the UK’s exit from the European Union. The Brussels’ subsidiary will aim to be ready to write business for …
About 18,000 chickens were destroyed at a northwest Georgia poultry farm after tests confirmed avian influenza in the flock, the first time the disease has been detected in commercial birds in the state, authorities said Monday. The infected chickens were …
Brightway Insurance is scheduled to open its first agency in South Carolina next week. Veteran insurance agent and now Brightway Agency owner, Gregory Dissel, will open the doors to Brightway, The Dissel Agency on Monday, April 3. While new to …
A U.S. judge will hear arguments on Thursday over whether to grant final approval to a $25 million settlement of fraud lawsuits against President Donald Trump over his Trump University real estate investment seminars, with at least one former student …
A federal judge on Wednesday granted a bid by Chipotle Mexican Grill Inc. to undo a class action lawsuit by manager trainees in six states who say they were unlawfully denied overtime pay. U.S. District Judge Andrew Carter in Manhattan …
A recent crash involving an Uber Technologies Inc. driverless car suggests autonomous software sometimes takes the same risks as the humans it may one day replace. The accident on Friday in Tempe, Arizona, caused no major injuries. Another human-driven car …
As the Florida property market fights what has so far been a losing battle against attorneys and unlicensed contractor firms over water loss claims and assignment of benefits (AOB), Citizens Property Insurance Corp., Florida’s property insurer of last resort, has …
Citizens Property Insurance Corp. will post a net loss for 2016, its first loss in more than a decade, as water loss claims, assignment of benefit (AOB) abuse and litigation costs increasingly impact the company’s bottom line, according to a …
The Texas Department of Insurance, Division of Workers’ Compensation reports that the workers’ comp discount rate and interest rate for April 1 to June 30, 2017, will be 4.50 percent. The rate is computed by using the federal treasury constant …
