Financial Firms Hated US Consumer Watchdog, but Rapid Unraveling Creates Limbo February 13, 2025 By Douglas Gillison, Pete Schroeder, Nupur Anand and Hannah Lang At a JPMorgan townhall meeting on Wednesday, CEO Jamie Dimon was asked whether the Trump administration’s decision to abruptly stop...
AIG’s Zaffino Talks More on Insurer-Reinsurer Balance as $200B Cat Year May Loom February 13, 2025 By Chad Hemenway American International Group CEO Peter Zaffino used the insurer’s fourth quarter earnings call to again talk about reinsurance attachments points,...
Ford’s CEO to Warn Lawmakers of ‘Devastating’ Tariff Impact February 13, 2025 By Keith Naughton Ford Motor Co. Chief Executive Officer Jim Farley will travel to Washington on Wednesday to warn members of Congress that...
Update: FEMA to Borrow $2B to Pay Flood Claims After Hurricanes Helene and Milton February 13, 2025 By Chad Hemenway The Federal Emergency Management Agency said it needs to borrow $2 billion from the U.S. Treasury to cover claims from...
Bayer Broadens Effort to Shield Itself From Claims Weedkiller Caused Cancer February 13, 2025 By Hannah Fingerhut A renewed and expanded effort from chemical giant Bayer to shield itself from lawsuits that claim its popular weedkiller Roundup...
People Moves: AIG’s Furth to Hiscox to Head US Claims; Hamlin to Lead TMHCC US Hospital Pro Liability; Amwins Names Healthcare Practice Leader February 12, 2025 Hiscox, headquartered in Atlanta, appointed Alexandra Furth as head of claims in the U.S., effective March 10. Furth has over...
Viewpoint: Illegal vs Legal DEI February 12, 2025 By James Felton Keith and Dawn D. Bennett-Alexander Navigating DEI Legally: Emphasizing Equity Without Legal Pitfalls The debate over what constitutes “illegal DEI” has intensified following recent US...
Thomson Reuters Wins AI Copyright ‘Fair Use’ Ruling February 12, 2025 By Blake Brittain A federal judge in Delaware on Tuesday said that a former competitor of Thomson Reuters was not permitted by U.S....
US SEC Will Not Defend Climate Rule in Court February 12, 2025 By Isla Binnie, Virginia Furness and Jonathan Stempel The acting chair of the U.S. Securities and Exchange Commission on Tuesday signaled the regulator may roll back a controversial...
AIG Q4 General Insurance Underwriting Income Down 29% on Catastrophes February 12, 2025 By Chad Hemenway American International Group reported fourth quarter 2024 net income of $898 million compared to $86 million the prior year, but...