The Travelers Cos. said first quarter 2024 fell 65% on an underwriting loss of $305 million. Travelers posted first quarter net income of about $395 million compared to about $1.1 billion during the first quarter of 2024. The underwriting loss …
First quarter net income at Progressive Corp. increased 10% compared to the same period a year ago to about $2.6 billion. Progressive reports results monthly. Net income for March was down 42% to $522 million. The Mayfield Village, Ohio-based insurer’s …
A Swedish probe found no conclusive evidence to suggest that a Chinese ship had deliberately dragged its anchor to damage two Baltic Sea cables, Sweden’s Accident Investigation Authority said on Tuesday, though a separate investigation remains under way. The Yi …
Alphabet’s Google is being sued in Britain for potential damages of up to 5 billion pounds ($6.6 billion) in a class action alleging the company abused its dominant market position in the online search industry. The class action, filed at …
Markel, the insurance operations within Markel Group Inc., announced it has agreed to purchase The MECO Group Ltd. (MECO), subject to regulatory approval. Financial details of the transaction were not disclosed. Founded in 1974, MECO is a leading, independent specialist …
Zurich North America, headquartered in Schaumberg, Illinois, hired Jeannie Sullivan as head of technology for its U.S. middle market team. She will report to Stan Bernard, head of industry practices for U.S. middle market at Zurich, a leading provider of …
A series of aviation accidents has rattled flyers enough to drag down ticket sales at the start of the year, contributing to lower financial expectations at major US airlines. And who can blame them? January’s fiery mid-air collision of an …
Three law students on Tuesday sued a U.S. civil rights agency, claiming that its probe into diversity policies at 20 large law firms is illegal and could expose the personal information of lawyers and job applicants. The lawsuit filed in …
Florida’s property insurance market is an example of the powerful impact that strong legislative reforms can have in addressing a crisis. Other states, like Georgia, have seen the benefits of Florida’s legal system abuse reforms and are following suit with …
An insurer erred in denying workers’ compensation benefits to a utility worker who contracted COVID-19 while on the job, a job the state had deemed as “essential” during the pandemic. The insurer had denied the claim on the basis that …
