Wildfires Are Upending Some of the Safest Bets on Wall Street April 18, 2024 By Mark Chediak and Olivia Raimonde When the Texas Panhandle went up in flames this winter, the news spread fast on Wall Street. An electric utility...
Supreme Court Makes It Easier to Sue for Job Discrimination April 18, 2024 By Greg Stohr The US Supreme Court made it easier for employees to sue over discriminatory job transfers, siding with a St. Louis...
Travelers CEO on Q1 Results: ‘We’re Firing On All Cylinders’ With Net Income Up 16% April 17, 2024 The Travelers Companies, Inc. today reported first quarter net income of $1.1 billion, compared to $975 million in the prior...
People Moves: Berkshire Hathaway Expands U.S. Marine Business With Wyatt, Frick April 17, 2024 Berkshire Hathaway Specialty Insurance (BHSI), headquartered in Boston, expanded its global marine capabilities in the U.S., launching ocean marine Insurance....
Boeing’s Safety Record Under Scrutiny in Split-Screen Hearings April 17, 2024 Boeing Co.’s safety culture will come under public scrutiny today as two separate Senate hearings pore over a whistleblower’s claims...
Triple-I: Insurance Economic Drivers Outperform Overall US GDP April 17, 2024 The economic drivers of the U.S. property/casualty (P/C) insurance industry are growing faster than the nation’s Gross Domestic Product (GDP)...
MGM Resorts Sues FTC to Stop Investigation of Casino Hack April 17, 2024 By Sabrina Willmer MGM Resorts International sued the Federal Trade Commission to stop an investigation into how it dealt with a cybersecurity attack...
Freight Railroads Ask Courts to Throw Out Rule Requiring Two-Person Crews on Trains April 17, 2024 By Josh Funk Four railroads have asked federal appeals courts to throw out a new rule that would require two-person train crews in...
Trump’s Bond Insurer Tells Judge Shortfall Is ‘Inconceivable’ April 17, 2024 By Erik Larson Donald Trump submitted evidence that the insurer providing his $175 million appeal bond in New York’s civil fraud case is...
Fitch: U.S. Cyber Insurers Saw Strong Profits, Slowdown in Premium Growth in 2023 April 16, 2024 The U.S. cyber insurance line generated strong direct underwriting profits for the second straight year in 2023, but written premium...