Storm Ciarán Batters UK and Europe With Punishing Winds and Heavy Rainfall November 2, 2023 By Todd Gillespie, Katharina Rosskopf and Anna Shiryaevskaya Storm Ciarán plowed through northwest Europe, tearing the roofs off some buildings, snarling transport networks and cutting power to more...
One Worker Killed, Another Trapped After Kentucky Coal Tipple Collapse November 2, 2023 One worker was killed and another was trapped under rubble Thursday morning after a unused, 11-story coal tipple collapsed while...
Progressive in a Better Place With Reserve Boosts Done, CEO Says November 2, 2023 By Susanne Sclafane Shoring up loss reserves and adding “the premium equivalent” of a top 8 personal auto insurer to its books has...
Australian Companies Face New Liability for Nature-Based Risks November 2, 2023 By Amy Bainbridge Australian companies and directors could face legal action if they fail to identify and account for nature-based risks, according to...
Mass London Lawsuit Against Apple Over iPhone Batteries Can Proceed, Tribunal Rules November 2, 2023 Apple Inc. on Wednesday lost a bid to block a mass London lawsuit worth up to $2 billion which accuses...
Hurricane Otis’ Impact on Mexico Insurance Industry Expected to Be ‘Controlled’: Fitch November 2, 2023 Fitch Ratings expects Hurricane Otis’ effects on Mexico’s insurance industry to be controlled and within its current ratings expectations, the...
Zurich Insurance to Buy 51% in India’s Kotak General for $487 Million November 2, 2023 By Saket Sundria Zurich Insurance Co. has agreed to buy a majority stake in Kotak Mahindra General Insurance Co. for 40.51 billion rupees...
People Moves: Multiple Moves at Markel Specialty as Sanders to Retire by 2024 End November 2, 2023 Markel said Bryan Sanders, president of its Markel Specialty division, plans to retire by December 31, 2024. Sanders, who joined...
Allstate, Allianz X Invest $265M in NEXT Insurance and Partner to Expand Reach November 2, 2023 NEXT Insurance said Allstate and Allianz X have invested $265 million in the digital small business insurer. NEXT and Allstate...
Jury Finds Realtors Liable for Inflating Commissions, Awards $1.78B Damages November 2, 2023 A U.S. jury on Tuesday found the National Association of Realtors and some residential brokerages, including units of Warren Buffett’s...