Greg Thompson is the new president of Markel Specialty, a division of Virginia-based insurer Markel Corp. In 1979 he formed Thompson Insurance Enterprises (ThomCo) with his father, Roy, and led the company for 32 yearsgrowing it from a small wholesale operation to a large program administrator. Markel acquired ThomCo on...
While many Workers Compensation programs focus almost exclusively on medical and indemnity costs, Kelly Services Inc. took it a step further in 2003 by discovering a substantial cost included in the allocated loss-adjustment expenses (ALAE) of its third-party administrator (TPA). A deeper dive into its ALAE revealed Kellys medical-bill-review (MBR)...
From hamster balls to wall-to-wall trampolines, family entertainment centers look for new ways to attract more people looking to have fun. But that fun comes with risks that come at an increasingly costly price to insure.
Property and casualty insurers are facing catastrophe losses that are at an historic high, which is impeding profitability and growth, but capital levels remain healthy the Financial Stability Oversight Council says in a new report.
Property and casualty insurers are facing catastrophe losses that are at an historic high, which is impeding profitability and growth, but capital levels remain healthy the Financial Stability Oversight Council says in a new report.
Remarkable unanimity reigns among the dozen carrier and broker executives offering their assessment of current conditions in the commercial-lines market.