Travelers Income Drops 65% on Catastrophe Losses, Primarily California Wildfires April 16, 2025 By Chad Hemenway The Travelers Cos. said first quarter 2024 fell 65% on an underwriting loss of $305 million. Travelers posted first quarter...
Progressive Q1 Net Income Up 10% April 16, 2025 First quarter net income at Progressive Corp. increased 10% compared to the same period a year ago to about $2.6...
Sweden Probe Finds No Conclusive Evidence of Deliberate Damage to Subsea Cables April 16, 2025 A Swedish probe found no conclusive evidence to suggest that a Chinese ship had deliberately dragged its anchor to damage...
Google Faces £5 Billion Lawsuit in UK for Abusing Dominance in Online Search April 16, 2025 By Paul Sandle Alphabet’s Google is being sued in Britain for potential damages of up to 5 billion pounds ($6.6 billion) in a...
Markel to Acquire UK Specialist Marine MGA, The MECO Group Ltd. April 16, 2025 Markel, the insurance operations within Markel Group Inc., announced it has agreed to purchase The MECO Group Ltd. (MECO), subject...
People Moves: Zurich Hires Sullivan From CNA for US Middle Market Head of Tech; IMA Hires Crochet as National Energy Practice Leader April 16, 2025 Zurich North America, headquartered in Schaumberg, Illinois, hired Jeannie Sullivan as head of technology for its U.S. middle market team....
Near Misses, Fatal Crashes Force Airlines to Confront Worried Fliers April 16, 2025 By Mary Schlangenstein and Allyson Versprille A series of aviation accidents has rattled flyers enough to drag down ticket sales at the start of the year,...
Law Students Sue Civil Rights Agency Over Crackdown on Law-Firm DEI Policies April 16, 2025 By Daniel Wiessner Three law students on Tuesday sued a U.S. civil rights agency, claiming that its probe into diversity policies at 20...
APCIA Says Floridians Agree: Insurance Litigation Changes Are Working. Don’t Undo April 16, 2025 By Adam Shores Florida’s property insurance market is an example of the powerful impact that strong legislative reforms can have in addressing a...
Massachusetts High Court Upholds Workers’ Comp for Utility Worker’s COVID April 16, 2025 By Andrew G. Simpson An insurer erred in denying workers’ compensation benefits to a utility worker who contracted COVID-19 while on the job, a...