Insurance Payouts at $4 Billion and Counting for LA Wildfires January 30, 2025 By Don Jergler Preliminary data show insurance companies have paid out more than $4 billion for losses from the biggest two of the...
Marsh McLennan Reports Organic Growth of 7% During Q4 and Full-Year 2024 January 30, 2025 By L.S. Howard Marsh McLennan reported fourth quarter net income of $788 million, compared with $756 billion during Q4 2023. For the full-year...
American Airlines DC Aircraft Collision Leaves No Survivors January 30, 2025 By Allyson Versprille and Mary Schlangenstein An American Airlines Group Inc. regional jet collided with a military helicopter near Washington on Jan. 29 leaving no survivors,...
Fortress Targets $1 Billion for Latest Litigation Finance Fund January 30, 2025 By Esteban Duarte and Carmen Arroyo Fortress Investment Group is seeking to raise about $1 billion for its latest fund in litigation finance, a sector in...
Net Income at Selective Insurance Drops on Unfavorable Casualty Reserve Development January 30, 2025 By Chad Hemenway Selective Insurance Group reported a 24% drop in fourth quarter 2024 net income as its chief executive admitted the year...
Alphabet’s Waymo to Test Autonomous Driving Technology in New Cities January 30, 2025 Alphabet’s self-driving unit Waymo announced on Wednesday it plans to expand testing of its autonomous driving technology in over 10...
How Competitive Is E&S Property? Exec Views Vary January 30, 2025 By Susanne Sclafane E&S property insurance market conditions were a recurring talking point on two recent earnings conference calls, but the leaders of...
Lawsuit Accuses Amazon of Secretly Tracking Consumers Through Cellphones January 30, 2025 By Jonathan Stempel Amazon.com was sued on Wednesday by consumers who accused the retailing giant of secretly tracking their movements through their cellphones,...
Transport Secretary Orders Fuel-Economy Rule Rewrite January 29, 2025 By Keith Laing Newly appointed Transportation Secretary Sean Duffy ordered a rewrite of more stringent US fuel-economy rules, following through on one of...
MGM Resorts to Pay $45M to Settle Data Breach Lawsuit January 29, 2025 MGM Resorts International has agreed to a $45 million to resolve a class action lawsuit over its data breaches in...