Twenty individuals with ties to the insurance industry made Forbes' list of the world's wealthiest, and include a part-owner of the Chicago Bears, a former professional tennis player, a Commander of the British Empire, seven U.S. citizens and an Oracle.
State Farm Mutual Automobile Insurance Co., the largest U.S. property-casualty insurer, said 2014 profit fell 19 percent as the underwriting loss widened on car coverage.
Most U.S. stocks fell Tuesday, pulling the Standard & Poors 500 Index down from near a record, as energy companies slumped after oil reached a three-year low and forecasts from Sprint to Priceline disappointed investors.
Scary sequel: The journey taken by insurance practitioners when discovering a policy provision, thought innocent and well understood, is instead revealed to be a potential trap, gap or E&O.