GEICO’s ‘Eye-Popping’ 2023 Insurance Profits, Falling Employee Counts February 26, 2024 By Susanne Sclafane Even though Berkshire Hathaway’s latest annual report featured Warren Buffett’s forecast that the days of “eye-popping performance” for the giant...
California Tells Auto Insurers to Disclose Pandemic Profits October 3, 2022 By Don Thompson SACRAMENTO, Calif. (AP) — California’s insurance commissioner on Thursday ordered nearly 50 auto insurers to provide detailed information about their...
NCCI: Workers’ Comp Line Thrives Despite COVID-19 May 11, 2021 By Jim Sams The workers’ compensation line powered through the COVID-19 pandemic last year, generating an average profit of 24% while carriers built...
Travelers Profit Rises With Higher Premiums, Lower Costs October 20, 2020 Oct 20 — Property and casualty insurer Travelers Companies Inc beat third-quarter profit expectations on Tuesday, helped by higher premiums,...
Webinar Counters Insurer Warnings About COVID-19 Impact on Work Comp Profits August 12, 2020 By Jim Sams A well-known workers’ comp number cruncher and an actuary are calling Chicken Little on insurance industry warnings about the cost...
New York Gym Chain Sued for Charging Fees Amid Virus Closure March 27, 2020 By Chris Dolmetsch New York Sports Clubs customer claims in a lawsuit she’s still being charged membership fees even after facilities have been...
Purdue Judge Halts Government Opioid Suits Against Drugmaker October 14, 2019 By Steven Church and Erik Larson Purdue Pharma LP and its billionaire owners won a temporary reprieve from nearly 2,700 opioid lawsuits, giving the bankrupt drugmaker...
Ethiopian Airlines, MAX Claims Put Pressure on Swiss Re Profits July 31, 2019 FRANKFURT — Swiss Re’s first-half net profit fell 5.3%, as claims relating to the Ethiopian Airlines crash and the subsequent...
Iowa State Pays, Praises Former Director to End Lego Art Dispute July 23, 2019 By Ryan J. Foley CORALVILLE, Iowa — In 2016, Iowa State University accused an employee of fraud and theft in a dispute over the...
Continuing Profitability for P/C Insurers as Results Deteriorate May 27, 2015 Private U.S. property/casualty insurers’ net income after taxes fell to $55.5 billion in 2014 from $63.4 billion in 2013, with...