Purdue Pharma Nears New Bankruptcy Deal With Sacklers, Mediator Says November 1, 2024 By Dietrich Knauth Purdue Pharma is close to a new bankruptcy settlement with its owners, members of the wealthy Sackler family, and state...
Abbott, Reckitt Score First Victory in Baby Formula Trial November 1, 2024 By Jef Feeley Abbott Laboratories and a unit of Reckitt Benckiser Group Plc were cleared by a jury over claims they hid risks...
Companies Are Dropping the D or E From DEI to Avoid Criticism November 1, 2024 By Jeff Green After a backlash against DEI programs by conservative activists, a majority of executives in a new survey said that their...
Lemonade Remains in the Red With $68M Loss in Q3 October 31, 2024 Insurtech Lemonade reported a third quarter 20243 net loss of nearly $68 million and a year-to-date loss of $172.2 million....
‘Pivotal’ Q3 Sees Insurtech Root Achieves Net Income Profit for the First Time October 31, 2024 By Chad Hemenway For the first time in the company’s history, Root Inc. recorded a quarterly net income profit. The Columbus, Ohio-based parent...
Companies Boost Social and Climate Reporting Amid ESG Backlash October 31, 2024 By Ross Kerber Many U.S. companies have stepped up reporting on environmental and social matters in recent years even with sustained pressure from...
Markets/Coverages: Howden Launches Cyber Solution With Chubb, LSM and Mosaic October 31, 2024 Howden, the London-based insurance intermediary group, announced the launch of Howden Safe+, a cyber insurance solution aimed at clients with...
People Moves: Huntington Launches Insurance Focused Marketing Program October 31, 2024 Ted Huntington announced the launch of a new national coaching enterprise, dedicated to helping insurance marketing, communications, public relations, and...
OPTIS: Insurance Agency M&A Down 10% This Year October 31, 2024 By Chad Hemenway The total of insurance agency mergers and acquisitions as of the end of September was down 10% from the same...
Aerospace Startup Partners With NASA, USGS to Monitor Wildfires, Storms From Space October 31, 2024 By Akash Sriram Aerospace startup Sceye has partnered with NASA and the U.S. Geological Survey to deploy climate management tools to monitor wildfires...