AIG Profit Exceeds Expectations on Lower Catastrophe Losses May 2, 2024 By Matthew Griffin American International Group Inc. (AIG) reported profit above analysts’ estimates in the first quarter as lower-than-expected catastrophe losses contributed to...
Prudential to Wind Down Direct-to-Consumer Assurance Business May 1, 2024 Less than five years after acquiring online insurance startup Assurance IQ for $2.35 billion, Prudential is shutting it down. “Prudential...
Insurtechs Root, Lemonade Book Q1 Net Income Losses but Each Tout Progress May 1, 2024 Insurtech Root Inc. posted a net loss for the first quarter 2024 of $6.2 million but said it recorded operating...
Growing Wildfire Risk Leaves States Grappling With How to Keep Insurers From Fleeing May 1, 2024 By Rebecca Boone Months after a catastrophic fire burned more than 2,200 homes in Hawaii, some property owners are getting more bad news—their...
J&J Advances $6.48 Billion Settlement of Talc Cancer Lawsuits May 1, 2024 By Dietrich Knauth Johnson & Johnson said Wednesday it is moving forward with a $6.48 billion proposed settlement of tens of thousands of...
The Future Is Near for Self-Driving Trucks on US Roads May 1, 2024 By Tom Krisher On a three-lane test track along the Monongahela River, an 18-wheel tractor-trailer rounded a curve. No one was on board....
Newspapers Sue OpenAI for Copyright Infringement Over AI Training May 1, 2024 By Blake Brittain A group of newspapers, including the New York Daily News and Chicago Tribune, sued Microsoft and OpenAI in New York...
‘Dirty Dozen’ Unsafe Employers Putting Workers at Risk May 1, 2024 A retail giant, a space launch operation, a major food processor, the nation’s two biggest rideshare providers and a large...
Q1 Global Insured Natural Disaster Losses Driven by Severe Convective Storms: Aon April 30, 2024 By L.S. Howard Global natural catastrophes cost insurers $17 billion during the first quarter of 2024 with economic losses rising above $45 billion,...
Hack That Paralyzed US Health Care Turns Up Scrutiny on Insurer April 30, 2024 By John Tozzi, Riley Griffin and Jordan Robertson When a cyberattack on Change Healthcare paralyzed much of the US health-care system, some lawmakers saw it as proof its...