Root Builds on First Profitable Year With Reversal of Q1 Loss to Start 2025 May 8, 2025 By Chad Hemenway Root Inc. reported first quarter net income of $18.2 million to build off results of 2024—its first profitable year. The...
Apollo’s Aspen Insurance Raises $397.5 Million in US IPO May 8, 2025 Aspen Insurance priced its New York initial public offering within its marketed range on Wednesday, raising $397.5 million for the...
Trump’s Plan to Fix Air Traffic Control Faces Huge Hurdles May 8, 2025 By David Shepardson and Rajesh Kumar Singh U.S. Transportation Secretary Sean Duffy on Thursday will call for tens of billions of dollars to overhaul America’s strained air...
Lloyd’s Promotes Chief of Markets Tiernan to CEO, Succeeding Neal May 8, 2025 Lloyd’s, the re/insurance marketplace, announced that Patrick Tiernan has been appointed as chief executive officer by the Council of Lloyd’s,...
UnitedHealth Sued by Shareholders Over Reaction to Backlash From Executive’s Killing May 8, 2025 By Jonathan Stempel UnitedHealth Group was sued on Wednesday for allegedly concealing how backlash from the killing of a top executive was damaging...
Viewpoint: Challenging P/C Market Generates Opportunities for Surplus Lines’ Writers May 8, 2025 By David Blades The U.S. surplus lines market notched double-digit year-over-year (YoY) premium growth from 2018-2023, as wholesale brokers tapped this market with...
Nearly Quarter of People on Long-Acting Opioids Develop Addiction May 7, 2025 By Sam Hornblower More than one in five people prescribed extended-release painkillers such as OxyContin developed an addiction within a year, according to...
Apollo-Backed Aspen Insurance Guides IPO Price at Midpoint May 7, 2025 Aspen Insurance Holdings Ltd. is telling prospective investors it expects to price its initial public offering at $30 per share,...
NSO Group to Pay Nearly $168M to Meta’s WhatsApp for 2019 Hacking May 7, 2025 By Chad Hemenway A federal jury in California has ordered Israeli firm NSO Group to pay more than $167 million in punitive damages...
US Seeks Forced Sale of Google Ad Technology Products May 7, 2025 By Leah Nylen Alphabet Inc.’s Google should be forced to sell off two of its businesses that help websites buy, sell and serve...