Insurance Blog
Business Insurance
- Gallagher reports higher revenue, more market firming July 29, 2021Arthur J. Gallagher & Co. reported total revenue of $1.9 billion for the second quarter, a 22.2% increase over the same period last year, though organic revenue growth was lower than some of its rivals that have reported so far.
- Lloyd’s launches climate change plan; accused of ‘greenwashing’ July 29, 2021Lloyd’s of London this week published a report – “Insuring a Sustainable, Greener Future” – and an action roadmap the day after a member of Insurance Rebellion, a protest group pressuring insurers to withdraw from the fossil fuel sector, was arrested for throwing a can of green paint over the market’s iconic building.
- NFP hires executive from Marsh July 29, 2021NFP Corp. has recruited former Marsh LLC executive Morgan Frick as senior vice president in its management and professional liability practice.
- Comp fraud conviction blocks naturalization application July 29, 2021A federal appeals court Wednesday upheld a district court’s ruling that the U.S. Citizenship and Immigration Services did not err in denying a woman’s naturalization application because of a workers compensation fraud conviction.
- Arch’s Q2 earnings jump 54% July 29, 2021Arch Capital Group Ltd. late Wednesday reported second-quarter net income of $718.7 million, up 54.1% from the same quarter in 2020, as premiums soared.
- Policies reduced opioid prescriptions in comp: WCRI July 29, 2021State prescription drug monitoring programs reduced the amount of opioids prescribed by 12% in the first year of implementation, according to a study by the Workers’ Compensation Research Institute.
- Hartford’s Q2 profit soars 94% July 29, 2021Hartford Financial Services Group Inc. reported second-quarter net income of $900 million, up 94% from the year-earlier period, driven in part by written premium and underwriting gains in commercial lines and a decrease in COVID-19-related losses.