Time-Tested Loss Reserving Methods Challenged: AM Best April 19, 2024 Reflecting on one of the trends that surfaced as property/casualty insurers announced 2023 financial results recently, AM Best expects reserve...
Uncertainty Keeps Prices Up; No Prior-Year Loss Development: Travelers April 19, 2024 By Susanne Sclafane With its personal lines business benefiting from the impact of rate increases earning into the book, and the commercial lines...
Marsh McLennan Reports Better Than Expected First Quarter Profit April 18, 2024 Marsh McLennan reported a better-than-expected quarterly profit on Thursday, helped by an increase in interest income the insurance brokerage earned...
People Moves: McGill Expands Global Property Team; Lawrence Joins Alliant; Berkshire Specialty Promotes Bowman April 18, 2024 McGill Hires Milne and Cabot to US Property Team McGill and Partners, headquartered in London, appointed Duncan Milne and Cabot...
United Airlines Says Boeing to Compensate for Damages Caused by MAX 9 Grounding April 18, 2024 United Airlines will receive compensation from planemaker Boeing for financial damages incurred in the first quarter due to the grounding...
Google Fires 28 Workers Protesting $1.2 Billion Israeli Contract April 18, 2024 By Davey Alba and Julia Love Alphabet Inc.’s Google has fired 28 employees after they were involved in protests against Project Nimbus, a $1.2 billion joint...
Coal Miners Getting New Protections Against Black Lung Disease April 18, 2024 By Leah Willingham and Matthew Daly Coal miners will be better protected from poisonous silica dust that has contributed to the premature deaths of thousands of...
Wildfires Are Upending Some of the Safest Bets on Wall Street April 18, 2024 By Mark Chediak and Olivia Raimonde When the Texas Panhandle went up in flames this winter, the news spread fast on Wall Street. An electric utility...
Supreme Court Makes It Easier to Sue for Job Discrimination April 18, 2024 By Greg Stohr The US Supreme Court made it easier for employees to sue over discriminatory job transfers, siding with a St. Louis...
Travelers CEO on Q1 Results: ‘We’re Firing On All Cylinders’ With Net Income Up 16% April 17, 2024 The Travelers Companies, Inc. today reported first quarter net income of $1.1 billion, compared to $975 million in the prior...