AIG Profit Exceeds Expectations on Lower Catastrophe Losses May 2, 2024 By Matthew Griffin American International Group Inc. (AIG) reported profit above analysts’ estimates in the first quarter as lower-than-expected catastrophe losses contributed to...
Southeast Seas Rising Faster Than Other Regions, ‘Turbocharging’ Floods, Report Finds May 2, 2024 From the Rio Grande to the Outer Banks, sea levels are rising faster than most other parts of the world,...
Pennsylvania Court: No Coverage for Mother’s Distress Over Son’s Overdose Death May 2, 2024 The Pennsylvania Supreme Court has ruled that Nationwide Property and Casualty is not obligated to defend its homeowner insureds against...
Police: Athletic Director Used AI to Frame Principal With Racist Remarks in Fake Audio May 2, 2024 By Ben Finley A high school athletic director in Maryland has been accused of using artificial intelligence to impersonate a principal on an...
California Contractor Pleads Guilty to Insurance Fraud After Underreporting Nearly $1M in Payroll May 2, 2024 Kent Bo Fridolfsson, 67, of Benicia, California, pleaded guilty to six charges of insurance fraud and grand theft after a...
New Mexico Restaurant Settles Wage-Theft Complaint After Prolonged Legal Battle May 2, 2024 New Mexico labor announced a legal settlement that resolves longstanding accusations of unpaid wages against a restaurant business in northwestern...
$24.5M Settlement in New Mexico over Natural Gas Flaring in Permian Basin May 2, 2024 By Susan Montoya Bryan New Mexico has reached a record settlement with a company over air pollution violations at natural gas gathering sites in...
Travelers to Open Technology Office in Atlanta May 1, 2024 Just as companies worldwide struggle with the office-versus-remote work question, Travelers has decided to open a 2,800-square-foot office site in...
Prudential to Wind Down Direct-to-Consumer Assurance Business May 1, 2024 Less than five years after acquiring online insurance startup Assurance IQ for $2.35 billion, Prudential is shutting it down. “Prudential...
Insurtechs Root, Lemonade Book Q1 Net Income Losses but Each Tout Progress May 1, 2024 Insurtech Root Inc. posted a net loss for the first quarter 2024 of $6.2 million but said it recorded operating...