Gun Makers Urge Supreme Court to Hear Appeal in Mexico’s Lawsuit April 19, 2024 By Nate Raymond U.S. gun manufacturers on Thursday asked the U.S. Supreme Court to hear their challenge to Mexico’s $10 billion lawsuit seeking...
FBI Says Chinese Hackers Preparing to Attack US Infrastructure April 19, 2024 By Christopher Bing Chinese government-linked hackers have burrowed into U.S. critical infrastructure and are waiting “for just the right moment to deal a...
Allstate Reports $731M in Q1 Pretax Catastrophe Losses April 19, 2024 Allstate Corporation estimated pretax catastrophe losses of $731 million, with $328 million from the month of March. Six events contributed...
Time-Tested Loss Reserving Methods Challenged: AM Best April 19, 2024 Reflecting on one of the trends that surfaced as property/casualty insurers announced 2023 financial results recently, AM Best expects reserve...
Uncertainty Keeps Prices Up; No Prior-Year Loss Development: Travelers April 19, 2024 By Susanne Sclafane With its personal lines business benefiting from the impact of rate increases earning into the book, and the commercial lines...
Marsh McLennan Reports Better Than Expected First Quarter Profit April 18, 2024 Marsh McLennan reported a better-than-expected quarterly profit on Thursday, helped by an increase in interest income the insurance brokerage earned...
People Moves: McGill Expands Global Property Team; Lawrence Joins Alliant; Berkshire Specialty Promotes Bowman April 18, 2024 McGill Hires Milne and Cabot to US Property Team McGill and Partners, headquartered in London, appointed Duncan Milne and Cabot...
United Airlines Says Boeing to Compensate for Damages Caused by MAX 9 Grounding April 18, 2024 United Airlines will receive compensation from planemaker Boeing for financial damages incurred in the first quarter due to the grounding...
Google Fires 28 Workers Protesting $1.2 Billion Israeli Contract April 18, 2024 By Davey Alba and Julia Love Alphabet Inc.’s Google has fired 28 employees after they were involved in protests against Project Nimbus, a $1.2 billion joint...
Coal Miners Getting New Protections Against Black Lung Disease April 18, 2024 By Leah Willingham and Matthew Daly Coal miners will be better protected from poisonous silica dust that has contributed to the premature deaths of thousands of...