Kemper Eyes Rate Hikes, Agency Cancellations to Regain Footing After Q4 Fall February 3, 2022 Kemper Corp. said it is taking rating and other actions, including canceling some agents, as it seeks to recover from...
Q4 Net Income Drops 50% for Allstate on Higher Auto Claims February 3, 2022 Allstate Corp. said fourth quarter 2021 net income plummeted 50% compared to results of the prior year quarter as auto...
Traffic Fatalities Continue on Record Pace But Not in All States February 3, 2022 By Hope Yen The number of U.S. traffic deaths surged in the first nine months of 2021 to 31,720, the government reported Tuesday,...
Sacklers Close to Agreement Increasing Opioid Settlement in Purdue Bankruptcy February 3, 2022 By Tom Hals and Mike Spector Members of the Sackler family who own Purdue Pharma LP are nearing an agreement to boost their more than $4...
FAA Expects Addressing Safety Issues to Cause Only ‘Minimal Disruptions’ to Air Travel February 3, 2022 By David Shepardson The Federal Aviation Administration (FAA) is confident that aviation safety concerns about 5G C-Band deployment will be addressed “safely with...
Metromile Shareholders Approve Acquisition by Lemonade February 2, 2022 Metromile said its stockholders have approved its acquisition by digital insurer Lemonade. The transaction is expected to close in the...
Use of Fertilizer Behind Explosions, Fires Declines Due to High Risks February 2, 2022 By Elizabeth Elkin The nitrogen fertilizer causing a stir over imminent danger of explosion in North Carolina has been fading from the U.S....
How Autonomous Car Companies Are Outrunning U.S. Regulators and Lawmakers February 2, 2022 By Joseph White, Hyunjoo Jin and David Shepardson Self-driving vehicle companies from Tesla Inc. to General Motors Co.’s Cruise are racing to start making money with their technology,...
People Moves: Great American P&C Names Thompson President; Philadelphia Insurance Promotes Ricca, Rosencrans, Flowers February 2, 2022 Great American Insurance Group announced that David L. Thompson Jr. has been named president and chief operating officer of Great...
Chubb Net Income Drops in Q4, More Than Doubles for Year February 2, 2022 By Chad Hemenway Chubb reported fourth quarter 2021 net income of $2.1 billion, a decrease of 11.5% compared to the same period the...