SPRING, Texas (AP) — As the temperature soared in the Houston-area home Janet Jarrett shared with her sister after losing electricity in Hurricane Beryl, she did everything she could to keep her 64-year-old sibling cool. But on their fourth day …
S&P Global Market Intelligence is forecasting a combined ratio of 99.2 for the U.S. P/C insurance industry overall in 2024, signifying a return to underwriting profitability for the first time since 2021. According to the analysis, private passenger auto insurance …
Hub International Ltd., a global insurance brokerage and financial services firm, has acquired Wade Associates, an independent agency with offices in North Carolina. Wade has specialized in property/casualty insurance for construction, manufacturing, health care and technology sectors, Hub said in …
Transfers of oil at sea that involve a recently sanctioned Russian insurer may prevent western firms from paying claims if something goes wrong, a key provider of cover said. Moscow-based Ingosstrakh PJSC has emerged of a major insurer to Russian …
Whole Foods has reached an agreement to settle a lawsuit accusing it of illegally firing a worker who refused to remove her Black Lives Matter facemask and complained about racism at the Amazon.com-owned upscale grocery chain. A lawyer for Whole …
A Southern California fire destroyed six homes and damaged seven others in a blaze that was reportedly ignited by fireworks. The Hawarden Fire started over the weekend and at one point threatened nearly 1,500 homes. Evacuation orders were issued for …
CRC Group, headquartered in Birmingham, Alabama, named Brent Tredway as sole president of the brokerage division and Chris Carlson as chief operating officer of CRC’s Commercial Solutions Division. Since 2020, Tredway has led the brokerage division’s efforts in carrier engagement, …
Carbon Underwriting Ltd., the London-based managing general underwriter and Lloyd’s syndicate CBN 4747, announced that Lloyd’s has granted in principle approval for the launch of Syndicate 5757, effective Jan. 1, 2025. This marks a significant milestone for the company as …
The Department of Labor announced the signing of a conciliation agreement with State Street Corp. in which the financial services firm will allocate $4.2 million for future pay adjustments to resolve alleged compensation discrimination. The department’s Office of Federal Contract …
Cybersecurity startup Wiz Inc. has turned down a takeover bid of as much as $23 billion from Alphabet Inc.’s Google, sticking instead with a plan for an initial public offering. The rejection will come as a blow to Google, which …
