State Farm P/C Businesses Report $13B Underwriting Loss March 1, 2023 Late last year, State Farm’s chief executive broke the news that the auto giant would record the largest underwriting loss...
Progressive CEO: Early Rate Actions Helped Growth February 28, 2023 Progressive Corp. posted full-year 2022 net income of $721.5 million, down about 78% from net income of $3.35 billion the...
Visa, Mastercard Pause Crypto Push in Wake of Industry Meltdown February 28, 2023 By Manya Saini U.S. payment giants Visa and Mastercard are slamming the brakes on plans to forge new partnerships with crypto firms after...
Murdoch Testified Fox News Hosts Endorsed Idea That Biden Stole Election February 28, 2023 By Helen Coster and Jack Queen Fox Corp. Chairman Rupert Murdoch acknowledged under oath that some Fox hosts “endorsed” the notion that the 2020 U.S. presidential...
Cyber Official Urges Microsoft, Twitter to Boost Security February 28, 2023 By Katrina Manson A senior US cybersecurity official described adoption of some of Microsoft Corp. and Twitter Inc.’s security protocols as “disappointing” as...
Insurer Startup Trium Cyber Finds Path to Profits, With Large Business Focus February 28, 2023 By L.S. Howard This profile of Trium Cyber is the inaugural article in a regular series of Company Spotlights, published by Insurance Journal,...
Tesla, Musk Sued by Shareholders Over Self-Driving Safety Claims February 28, 2023 By Jonathan Stempel Tesla Inc. and its Chief Executive Elon Musk were sued on Monday by shareholders who accused them of overstating the...
U.S. Supreme Court to Hear Fight Over Consumer Watchdog Agency’s Funding February 27, 2023 The U.S. Supreme Court on Monday agreed to decide whether the Consumer Financial Protection Bureau’s funding structure established by Congress...
TD, Other Banks Reach $1.35B Settlements to End Stanford Litigation February 27, 2023 By Jonathan Stempel Three banks agreed to pay $1.35 billion to resolve litigation by former Allen Stanford investors who accused them of contributing...
Hurricanes Moving Farther North to Pummel Millions More Homes in US February 27, 2023 By Leslie Kaufman and Eric Roston Is it possible to predict exactly where the wind will blow? How about where it will blow 30 years from...