Buffett’s Berkshire Reveals $6.7 Billion Stake in Insurer Chubb May 16, 2024 By Annie Massa Warren Buffett’s Berkshire Hathaway Inc. unveiled a $6.7 billion stake in insurer Chubb Ltd., ending months of suspense over its...
FDIC Chair Gruenberg Apologizes for Agency Culture, Commits to Fixes May 15, 2024 By Pete Schroeder and Douglas Gillison U.S. Federal Deposit Insurance Corporation Chairman Martin Gruenberg on Wednesday said he was deeply sorry for a toxic workplace culture...
Markets/Coverages: CFC Partners With Online Quoting Platform Tarmika May 15, 2024 Specialty insurer CFC said it will be offering its admitted cyber insurance solution on Tarmika, an online quoting platform for...
Insurance Research Council: Home Insurance Spend Tops Household Income Growth May 15, 2024 By Chad Hemenway According to the Insurance Research Council (IRC), the average homeowners insurance expenditure has become less affordable for U.S. consumers over...
US Workers’ Comp Line Still Showing Strong Profits, Lower Claim Frequency May 15, 2024 By William Rabb Net written premium in the U.S. workers’ compensation insurance market grew by just 1% from 2022 to 2023, a far...
Exxon Is Hit With $726 Million Verdict Over Benzene and Cancer May 15, 2024 By Tope Alake A jury in Philadelphia found Exxon Mobil Corp. liable for $725.5 million in damages due a former mechanic who claimed...
18 States Sue Over EEOC’s Policy on Transgender Workers May 14, 2024 By Daniel Wiessner A group of Republican-led U.S. states filed a lawsuit seeking to block the U.S. Equal Employment Opportunity Commission from enforcing...
Alphabet’s Waymo Probed by US After Autonomous Car Incidents May 14, 2024 By Keith Laing The top US auto-safety regulator opened an investigation into Waymo, the autonomous-vehicle subsidiary of subsidiary of Alphabet Inc., after 22...
Hospital Operator Ascension ‘Making Progress’ to Restore Systems After Cyberattack May 14, 2024 By Chad Hemenway Hospital operator Ascension said on Monday that it “worked around the clocked” over the weekend to handle a recent ransomware...
Sica Fletcher: Broker M&A Down Slightly in Q1 as Some Buyers Take ‘Strategic Pause’ May 14, 2024 The 22 acquirers that make up the Sica Fletcher Index were involved in 111 agent-broker deals in the first quarter...