Update: Allstate Estimates Catastrophe Losses of $1 Billion in June, $2.7 Billion in Q2 July 20, 2023 Allstate Corp. announced estimated catastrophe losses for the month of June of $1.01 billion, or $799 million, after-tax. June’s month...
Marsh McLennan Beats Q2 Profit Estimates on Higher Interest Income July 20, 2023 Marsh McLennan reported second-quarter profit above expectations on Thursday, bolstered by the higher interest the company earned from client funds....
Travelers’ Q2 Profit Plummets on Historic-Level Catastrophe Losses July 20, 2023 Travelers Companies Inc. on Thursday reported a 98% fall in quarterly profit, as severe wind and hailstorms in parts of...
Employees Are Losing Sleep Over Rookie Managers: Research July 20, 2023 By Mia Gindis New managers can be the stuff of office workers’ nightmares. That’s according to new research by digital learning system Oji...
AT&T Does Not Intend to Immediately Remove Lead Cables From Lake Tahoe July 20, 2023 By David Shepardson AT&T said on Tuesday it does not intend to immediately remove lead cables from Lake Tahoe pending further analysis, according...
Cybersecurity Labeling for Smart Devices Aims to Cut Hacking Vulnerabilities July 20, 2023 The Biden administration and major consumer technology players on Tuesday launched an effort to put a nationwide cybersecurity certification and...
Twitter Again Sued Over Severance Pay, Bias During Layoffs July 19, 2023 By Daniel Wiessner Twitter Inc. on Tuesday was hit with the second lawsuit this month to claim that it owes at least $500...
Bain Capital Raises $1.15B for Its First Fund Dedicated to Insurance Investments July 19, 2023 By David French Bain Capital has raised $1.15 billion for its first fund dedicated to investing in the insurance industry, as the private...
Utility Investors Wary of Exposures After Buffet’s PacifiCorp Held Liable for Wildfires July 19, 2023 By Joel Rosenblatt Destructive wildfires are now an almost routine part of summer in the American West, and electrical utilities have likewise become...
US Auto Safety Regulators Open Special Probe Into Fatal Tesla Crash July 19, 2023 By David Shepardson U.S. auto safety regulators are opening a special crash investigation into a fatal accident in California involving a 2018 Tesla...