Update: Credit Suisse Secures $54 Billion Lifeline to Shore Up Investor Confidence March 16, 2023 By John Revill and Amanda Cooper Credit Suisse shares jumped around 18% on Thursday after the company secured a lifeline from the Swiss central bank to...
Survey: Insurance Often a Blind Spot for Small Businesses March 16, 2023 Findings from a recent NEXT Insurance survey highlight a significant gap between small business owners’ biggest stressors in 2023 and...
Progressive More Than Doubles Feb. Income, Reports Investments With Failed Banks March 16, 2023 In reporting February financial results that continued a positive start to 2023, Progressive Corp. said it has about $75 million...
U.S. Senate Majority Leader Urges Federal Safety Probe Into All Major Freight Railroads March 16, 2023 By Richard Cowan and David Shepardson U.S. Senate Majority Leader Chuck Schumer on Wednesday urged a federal investigation into safety practices of all seven major freight...
Berkshire Hathaway to Beef Up Risk Disclosures Following SEC Request March 16, 2023 By Jonathan Stempel Berkshire Hathaway Inc. agreed to better explain how its board of directors manages risks, including those taken by longtime Chairman...
Florida Lobbying Firm Hires Altmaier as Lobbyist and Consultant March 16, 2023 Former Florida Insurance Commissioner David Altmaier has been hired as a lobbyist and consultant by one of the largest and...
Judge Approves Release of Baltimore Church Sex Abuse Report March 16, 2023 By Lea Skene A judge on Tuesday granted the Maryland Attorney General’s Office permission to publicly release a redacted version of an investigative...
Court Affirms Insurer, Agent Have Duty of Care But Not Fiduciary Duty in GEICO Case March 16, 2023 By Andrew G. Simpson A licensed insurance agent, and the insurer she represents, owe a duty of care to a customer to explain coverages...
California Care Home Charged in Connection With COVID Deaths March 16, 2023 A Southern California residential care home company and three of its managers have been charged in connection with 14 COVID-related...
California Workers’ Comp Committee to Discuss Insurer Experience March 16, 2023 The Workers’ Compensation Insurance Rating Bureau of California’s Actuarial Committee is set to talk about insurer experience, and the impact...