Remote Work to Wipe Out $800 Billion From Office Values, McKinsey Says July 14, 2023 By Ellie Harmsworth Remote work risks wiping $800 billion from the value of office buildings in major cities, highlighting the potential losses that...
P/C Market Won’t See Underwriting Profit Until 2024: S&P July 14, 2023 After four years of unparalleled underwriting profitability ending in 2021, the property/casualty market is headed for a second straight year...
FTC Opens Investigation Into OpenAI Over Misleading Statements July 14, 2023 By Diane Bartz The U.S. Federal Trade Commission has opened an investigation into OpenAI on claims it has run afoul of consumer protection...
Bill to Make Big Companies in California Disclose Emissions Worth Watching in All States July 13, 2023 By Don Jergler A bill to make large companies in California disclose their emissions is worth a watch in all states. The moving...
Progressive Returns to Positive Net Income in Q2 July 13, 2023 By Chad Hemenway Second quarter net income at Progressive Corp. was $345.4 million, reversing a loss of nearly $543 million during the same...
Founder of Crypto Lender Celsius Network Arrested, Charged With Fraud July 13, 2023 By Niket Nishant, Hannah Lang and Elizabeth Howcroft Alex Mashinsky, the founder and former CEO of bankrupt cryptocurrency lender Celsius Network, was arrested and charged with fraud, a...
People Moves: Romeo to Lead Axis US Marine Cargo Launch; Verisk Names Vaughan Chief Privacy Officer; Pelissier Joins Alliant Specialty as SVP July 13, 2023 Axis Capital Holdings Limited said Frank Romeo will lead the company’s entry into the US marine cargo insurance market. Romeo...
Viewpoint: The ‘Must-Have’ Features of an Insurance Agency Website July 13, 2023 By Tom Henell There are several must-have elements that go into creating a strong, easy-to-use insurance agency website that communicates your brand’s identity...
Twitter Owes Ex-Employees $500M in Severance, Lawsuit Claims July 13, 2023 By Daniel Wiessner Twitter Inc on Wednesday was hit with a lawsuit accusing it of refusing to pay at least $500 million in...
Severe Weather Causes First-Half 2023 Losses of at Least $1B in Seven States: Report July 13, 2023 Seven states experienced at least $1 billion in total insured severe weather loss for the first half of 2023, according...