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Liberty Mutual Group subsidiaries have filed a suit challenging New Yorks decision to close a state workers compensation fund dealing with settled claims that are later reopened.
Liberty Mutual Group subsidiaries have filed a suit challenging New Yorks decision to close a state workers compensation fund dealing with settled claims that are later reopened.
The world's biggest reinsurer, Munich Re, on Tuesday reported a 35 percent fall in second-quarter net profit due to more than $794 million in damage claims that included the heavy floods in central Europe in June.
Insurance industry payouts related to last year's sinking of cruise liner Costa Concordia have continued to rise and are likely to top $1.1 billion as salvaging of the wreck continues, reinsurer Munich Re said on Tuesday.
Commercial lines rate increases moderated in July and the market has become quiet due to the time of year and lack of catastrophic events, according to MarketScouts chief executive.
Big data is bringing big benefits to organizations that dig in deeply to analyze oft-hidden patterns and other useful information buried in their claims data, particularly highly predictable workers compensation exposures.
Technology has intensified the service expectations in nearly all industries. What was introduced in insurance 25 years ago, now you cant do business without.
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