Progressive Set to ‘Maximize’ Growth, Building on Q1 May 9, 2024 By Susanne Sclafane When Progressive’s chief executive officer weighed the words that should go into the management discussion section of the company’s first-quarter...
Three Insurers Reject Chevron’s $57 Million Claim for Iran Oil Seizure May 9, 2024 Three insurance companies have rejected Chevron’s claim over the seizure last year of an oil cargo by Iran, according to...
Markets/Coverages: FM Global Names Leadership for New Renewable Energy Unit May 9, 2024 Commercial property insurer FM Global announced the launch of a renewable energy unit to help clients in the transition to...
Reserve Strengthening for Casualty Lines Not Over: Moody’s May 9, 2024 If personal auto insurance loss reserves are developing adversely, can commercial general liability be far behind? That’s the gist of...
US Financial Regulators Restart Work on Long-Delayed Dodd-Frank Compensation Rules May 9, 2024 By Pete Schroeder A trio of U.S. financial regulators have resumed work on a long-delayed rule-writing project to make executive compensation plans at...
Jury Awards $9M to Player Who Sued US Tennis Association Over Coach’s Sexual Abuse May 9, 2024 By Associated Press A tennis player was awarded $9 million in damages by a jury in federal court in Florida after accusing the...
Fannie and Freddie Hit Pause on Replacement-Value Requirements for Home Insurance May 9, 2024 By William Rabb Property insurance groups on Wednesday applauded a decision by Fannie Mae and Freddie Mac to hold off on an apparent...
Pfizer Agrees to Settle More Than 10,000 Zantac Cancer Lawsuits May 8, 2024 By Jef Feeley Pfizer Inc. has agreed to settle more than 10,000 cases accusing it of hiding the cancer risks of its Zantac...
In Tesla Autopilot Probe, US Prosecutors Focus on Securities, Wire Fraud May 8, 2024 By Mike Spector and Chris Prentice U.S. prosecutors are examining whether Tesla committed securities or wire fraud by misleading investors and consumers about its electric vehicles’...
Worsening Weather Igniting $25 Billion Weather Derivatives Market May 8, 2024 By Sam Potter Marty Malinow’s mom never could get her head around what her son did for a living. To friends, she said...