Preliminary data show insurance companies have paid out more than $4 billion for losses from the biggest two of the Los Angeles-area wildfires that swept through the region and destroyed tens of thousands of homes earlier this month. The picture …
The Federal Aviation Administration is issuing guidance to general aviation pilots flying near New Orleans from Feb. 6-11, 2025 to be aware of temporary flight restrictions, follow special air traffic procedures and comply with additional operational requirements that will be …
Qumis, a lawyer-built AI-driven platform designed to transform insurance knowledge work, announced the close of an oversubscribed $2.2 million pre-seed funding round. The round was led by Armory Square Ventures with participation from MTech Capital, Grand Ventures, Alumni Ventures, and …
Risk Strategies announced the acquisition of Comprehensive Benefits, Inc. and Gabrielson Insurance & Financial Services, both located in the Greater Detroit area. The joint acquisition preserves an established working relationship between the two partner companies, providing increased capabilities for the …
Texas Lieutenant Governor Dan Patrick wants to follow in the footsteps of Elon Musk. The state’s powerful Republican announced on Wednesday that one of the 40 bills he was prioritizing this legislative session is called “Texas DOGE – Improving Government …
DAYTONA BEACH, Fla. (AP) — Brown & Brown Inc. (BRO) on Monday reported fourth-quarter net income of $210 million, down from 2023’s Q4 results, but year-end results for 2024 were well above 2023’s numbers. On a per-share basis, the Daytona …
Marsh McLennan reported fourth quarter net income of $788 million, compared with $756 billion during Q4 2023. For the full-year 2024, MMC had net income of $4.1 billion, compared with $3.8 billion reported for FY 2023. Operating income for the …
Safety regulators fined a GE appliance manufacturer the maximum amount allowed by law in the 2024 death of an Alabama worker who was killed after the company ignored standard safety procedures, the U.S. Occupational Safety and Health Administration said this …
An American Airlines Group Inc. regional jet collided with a military helicopter near Washington on Jan. 29 leaving no survivors, marking one of the deadliest US air disasters in decades. The aircraft crashed into the Potomac River close to Ronald …
Fortress Investment Group is seeking to raise about $1 billion for its latest fund in litigation finance, a sector in which it’s becoming a powerhouse, according to people familiar with the matter. The new fund, dubbed Fortress Legal Assets Fund …
