Willis, a WTW business headquartered in New York City, appointed Dom Spinelli as head of transactional insurance claims for North America. He leads the claims function within Willis’ Alternative Asset Insurance Solutions (AAIS) industry vertical division, overseeing the entire life …
Billionaire investor Warren Buffett’s Duracell battery maker was accused by chemical producer BASF SE of stealing trade secrets about lithium ion battery technology. BASF, the world’s biggest chemical maker by revenue, claims in a lawsuit that Duracell, owned by Buffett’s …
The Hanover Insurance Group announced a collaboration with Hagerty to provide specialized insurance for classic cars. Hanover Collector Car, powered by Hagerty, combines the total account protection The Hanover is known for with Hagerty’s expertise in collector vehicle claims and …
The acting chief of the top federal agency for protecting worker rights has signaled a pivot toward prioritizing President Donald Trump’s campaign to stamp out diversity, equity and inclusion programs in the private and public sectors. The initial steps taken …
Early estimates from the National Highway Traffic Safety Administration for traffic fatalities in 2024 indicate that the number of people who died in traffic crashes will reach the lowest point in five years. The NHTSA estimates project that 39,345 people …
Roof repair and replacement cost value totaled nearly $31 billion last year — up nearly 30% since 2022, according to a new report from Verisk. The strategic data analytics and technology provider reported that roof-related line items made up more …
U.S. President Donald Trump issued an executive order on Tuesday that aims to block the enforcement of state laws passed to reduce the use of fossil fuels and combat climate change. The move is the latest in a string of …
Liberty Mutual’s Timothy M. Sweeney, president and chief executive officer, has been elected chairman of Liberty Mutual Holding Co. Sweeney succeeds, David H. Long, who is retiring. Long has been with Boston-based Liberty Mutual for 40 years. He was named …
U.S. President Donald Trump said on Wednesday he would temporarily lower new tariffs on many countries, even as he raised them further on imports from China, in a sudden reversal that sent U.S. stocks sharply higher. Trump’s announcement came less …
A bond market designed around natural catastrophes is proving remarkably resilient to a man-made market meltdown. While most markets have seen deep selloffs since Donald Trump’s “Liberation Day” tariff announcement, investors in catastrophe bonds have sailed through with hardly a …
