Business Insurance

U.S. property/casualty insurers' direct premiums increased 10% in the third quarter of this past year, but the industry's loss ratio deteriorated, A.M. Best Co. said in a report issued Tuesday. The report said…

Surplus lines premiums reported to U.S. surplus lines stamping and services offices totaled $51 billion in 2022, up 22.3% from 2022, the Wholesale & Specialty Insurance Association said Tuesday. The quantity of…

A Nj state court has refused to dismiss a COVID-19 business interruption case filed with a university against Factory Mutual Insurance Co., stating the institution has stated in their complaint herpes has caused physical loss…

Accenture predicts1 significant global growth in the insurance coverage industry within the next five years. However, revenue pools will shift, and life insurers will need to innovate to gain a…

(Reuters) - Warren Buffett’s Berkshire Hathaway Inc. plans this season to let shareholders attend the business's annual meeting the very first time in three years, amid signs the omicron wave may have peaked in the…

Insured losses from global disasters totaled $130 billion in 2022, with the Usa accounting for 71%, Aon PLC said inside a report Tuesday.It was the second consecutive year the U.S. share topped 70 %, using the combined U.S.…

(Reuters) - Tesla Inc. on Monday fought back against JPMorgan Chase & Co. over a disputed bond contract, countersuing the financial institution for seeking a “windfall” following Elon Musk’s notorious…

AssuredPartners Inc. said Monday it's introduced an area of expertise wholesale and program administration company, Accretive Insurance Solutions. The statement said specialty and wholesale firms in the AssuredPartners…

A Zurich Insurance Group Ltd. unit does not have to provide coverage to some investment asset and property management company involved in litigation with a shareholder's widow because it filed its claim too late, said a…

Lawmakers in California are thinking about an invoice that will add COVID-19 to the listing of diseases suffered by hospital care workers under workers compensation presumption. S.B. 213, introduced and amended on Thursday,…