Insurtech Root Inc. Results Improve but Remain at a Net Loss February 22, 2024 By Chad Hemenway Insurtech Root Inc. posted a net loss for the fourth quarter 2023 of $24 million and a net loss for...
That’s Gonna Leave a Mark: Large-Hail Days Hit Two-Decade High in 2023 February 22, 2024 Hail of two inches or greater struck the United States on 141 days last year — the highest number of...
Vermont Seeks Federal Disaster Declaration for December Flooding February 22, 2024 Vermont Gov. Phil Scott has requested a federal major disaster declaration to help communities hit by severe rainfall and flooding...
People Moves: Aon Promotes Goosen as Head of Professional Services, London Global Broking Centre; Mason Named Chief Exec of London’s Electronic Trading Platform PPL February 22, 2024 This edition of International People Moves details appointments at Aon and the London market’s electronic trading platform, PPL. A summary...
Australian Iron Ore Port Starts Clearing Ships Ahead of Cyclone February 22, 2024 By Ben Sharples A major port on Australia’s west coast used by Rio Tinto Group to export iron ore has started clearing ships...
Zurich Insurance Reports Record Profit, Announces $1.25B Share Buyback February 22, 2024 By Carolyn Cohn and Miranda Murray Zurich Insurance posted a better-than-expected annual operating profit on Thursday and announced a share buyback of up to 1.1 billion...
AXA’s 2023 Earnings Miss Forecasts on Higher Costs, Lifts Dividend 16% February 22, 2024 By Mathieu Rosemain France’s AXA, Europe’s second-biggest insurer, pledged on Thursday to deliver higher earnings and returns to shareholders by 2026 by growing...
China Cargo Ship Smashes Through Bridge Sending Vehicles Into River: Reports February 22, 2024 By Bloomberg News A cargo ship slammed into a bridge in southern China, sending several vehicles tumbling into a river. Two people died...
Cyber MGA Coalition Predicts Common Vulnerabilities to Increase 25% in 2024 February 22, 2024 Cyber insurance provider Coalition said it expects the total number of common vulnerabilities and exposures (CVEs) to increase by 25%...
Slumping EV Prices Force Carmakers to Repay Leasing Firms February 22, 2024 By Elisabeth Behrmann and Wilfried Eckl-Dorna Carmakers have begun compensating leasing companies for the sliding value of used electric cars as Tesla Inc.’s price cuts rip...