Bezos’ Blue Origin Suffers Rocket Failure During Uncrewed Mission September 13, 2022 A rocket from Jeff Bezos’ space company Blue Origin failed mid-flight shortly after liftoff on Monday, aborting its cargo capsule...
Citigroup Wins Appeal Over Mistaken Revlon Wire Transfer September 12, 2022 By Jonathan Stempel Citigroup Inc. is entitled to recoup about $500 million of its own money that it accidentally wired Revlon Inc. lenders...
Chamber of Commerce Calls for ‘Urgent Action’ to Avoid Railroad Strike September 12, 2022 By David Shepardson and Lisa Baertlein The U.S. Chamber of Commerce on Monday called for “urgent action” in railroad labor negotiations to avoid a strike and...
Google Completes $5.4M Buy of Cybersecurity Firm Mandiant September 12, 2022 Google today said it has completed its acquisition of Mandiant, Inc. Mandiant will join Google Cloud and retain the Mandiant...
Price Increases Continue at 6% for U.S. Commercial Insurance in Q2: WTW September 12, 2022 U.S. commercial insurance prices increased again during the second quarter 2022, according to WTW’s latest Commercial Lines Insurance Pricing Survey...
People Moves: Donavan CUO at Boost; Tasker New Head of AGCS Energy, Construction; 2 Hires at Liberty Mutual GRS September 12, 2022 Boost Insurance Appoints Emy Donavan as Chief Underwriting Officer Boost appointed Emy Donavan as chief underwriting officer. She will oversee...
Judge Approves Boy Scouts Reorg Plan to Settle Sex Abuse Claims September 9, 2022 A bankruptcy judge on Sept. 8 granted the Boy Scouts of America (BSA) approval of its $2.5 billion reorganization plan,...
Underwriting No Longer Sole Path to Profit, Say Berkley Execs September 9, 2022 While the days of cash flow underwriting are a distant memory for veteran insurance executives, the need for industry’s more...
Outlook Negative: AM Best Revises U.S. Personal Lines as Auto Results Weaken September 9, 2022 By Chad Hemenway AM Best said it held the belief that the U.S. personal auto line would right the ship following weakening performance...
Risk Placement Services President Cavaness Receives City of Hope’s Spirit of Life Award September 9, 2022 Risk Placement Services, the E&S wholesale broker and managing general agency, is pleased to announce its President Joel Cavaness has...