GSK Sues Moderna for Patent Infringement Over COVID, RSV Vaccines October 15, 2024 By Blake Brittain British drugmaker GlaxoSmithKline sued Moderna in federal court in Delaware on Tuesday, accusing its American rival of violating GSK’s patent...
Markets/Coverages: QBE to Launch US Inland Marine With 3 Hires From AIG; Next Now Offers Standalone Pro Liability for Consultants October 15, 2024 QBE International Markets will launch a new U.S. inland marine offering by 2025 across all 50 states as it expands...
Progressive More Than Doubles Q3 Net Income Despite Helene Losses October 15, 2024 By Chad Hemenway Progressive Corp. said it’s third quarter 2024 net income more than doubled compared to last year, to about $2.3 billion....
Floridians Cleaning up From Milton Hampered by Widespread Fuel Shortage October 15, 2024 By Russ Bynum, Brendan Farrington and Ty Oneil CORTEZ, Fla. (AP) — Floridians recovering from Hurricane Milton, many of whom were journeying home after fleeing hundreds of miles...
Volunteers Bring Solar Power to Hurricane Helene Disaster Zone October 15, 2024 By Gabriela Aoun Angueira Nearly two weeks after Hurricane Helene downed power lines and washed out roads all over North Carolina’s mountains, the constant...
Ardonagh Completes A$2.3B Acquisition of Australia’s PSC Insurance Group October 15, 2024 The Ardonagh Group, the London-based independent insurance distribution platform, announced it has completed the A$2.3 billion (US$1.6 billion) acquisition of...
Update: Milton’s 152,000 Claims So Far Mean New Pressure on Reinsurance, Rate Hikes October 15, 2024 By William Rabb Property Insurance claims from Hurricane Milton had topped more than 152,180 by Tuesday, with some $1.9 billion in estimated insured...
Vermont Approves Union Mutual Affiliation With N&D Group October 15, 2024 By Andrew G. Simpson Vermont’s insurance regulator has approved an affiliation of Union Mutual Fire Insurance Co. with the Massachusetts-based mutual insurer Norfolk &...
KCC Expects Private Insured Losses of $36B From Hurricane Milton October 15, 2024 By Chad Hemenway Florida’s Hurricane Milton caused private insured losses of about $36 billion, estimated catastrophe modeler Karen Clark & Co. The estimate...
Russian Missile Hits Fourth Cargo Ship in Ukraine This Month October 15, 2024 By Olesia Safronova and Áine Quinn A Russian missile hit a fourth cargo ship in Ukraine this month, as the Kremlin ramps up its attacks on...