United Kingdom’s Admiral Group has agreed to sell its U.S. insurance business — Elephant Insurance Co.…
Category: Investment Strategies
Lawsuits Accuse Insurers of Colluding to Drop Coverage in Fire-Prone Parts of California
Two lawsuits filed in Los Angeles allege major home insurance companies have colluded to limit coverage…
Markel Insurance Restructures US, Bermuda Operations, With Leadership Appointments
Markel Insurance announced that its U.S. and Bermuda operations, previously known as Markel Specialty, are being…
Environmental Lawyers Get Ready to Pounce on Energy Deregulation Moves
U.S. environmental groups say they are hiring lawyers and preparing for a major legal showdown with…
Wildfire Losses Drops Chubb Q1 Net Income 38%, While Tariffs Create ‘Confusion’
First quarter 2025 net income at Chubb fell nearly 38% to about $1.3 billion as losses…
Ignyte, Novacore Spin Off From NSM Commercial Business Sale
Ignyte and Novacore have launched following the recent sale of NSM Insurance Group’s U.S. commercial business…
New Survey Shows Company Drivers Overwhelmed and Worried
As roads become more dangerous, 70% of company drivers say they worry about being killed or…
Don’t Forget Tariff Impacts on Workers’ Compensation: Berkley
The chief executive of W.R. Berkley Corp. said his company is very focused on the impacts…
Xceedance Names Sankaran Global COO; Naquin Joins ReSource Pro as GM, Tech Services
Xceedance Appoints Sankaran as Global Chief Operating Officer Subramanian Sankaran Xceedance, headquartered in Worcester, Massachusetts, named…
Marsh Sues Aon, Ex-Team Leader Over Exit of 20 Construction Surety Employees
Global insurance broker Marsh USA filed suit against competitor Aon and a former Marsh team leader…
Shopify Must Face Data Privacy Lawsuit in US
A U.S. appeals court on Monday revived a proposed data privacy class action against Shopify, a…
Walgreens to Pay $300 Million in US Opioid Settlement
Walgreens has agreed to pay $300 million to settle U.S. prosecutors’ allegations that it illegally filled…
Microsoft Security Vulnerabilities Set Record High in 2024: BeyondTrust
Microsoft reported a record-breaking 1,360 vulnerabilities in its products last year, an all-time high and an…
Applied Underwiters Completes Spin-Off of United Risk
Applied Underwriters has spun-off United Risk as an independent, stand-alone operating company. United Risk, which was…
White House Seeks to Bring Financial Regulators Under Its Sway
The White House is stepping up its efforts to bring independent agencies — including the Securities…
FDA Suspends Food Safety Quality Checks After Staff Cuts
The Food and Drug Administration is suspending a quality control program for its food testing laboratories…
Bayer Lobbies States in Battle to Keep Glyphosate on Market, CEO Says
Bayer is lobbying U.S. states to adjust their regulations in the battle to control costly litigation…
Federal Judge Blocks Labor Department From Enforcing DEI Ban for Contractors
A federal judge on Tuesday issued a preliminary injunction that prevents the U.S. Department of Labor…
Insurtech 1Fort Raises $7.5M to Support AI Binding Tech for Brokers
1Fort, the AI platform for business insurance, announced it raised $7.5 million in an oversubscribed funding…
Marsh McLennan Reports Organic Q1 Growth of 4%
Marsh McLennan reported consolidated revenue during the first quarter of $7.1 billion, an increase of 9%…
NSM Completes Sale of Commercial Division to New Mountain Capital; Compre Buys Covea’s CSE Group
Specialty insurer NSM Insurance Group said it has completed the sale of its U.S. commercial insurance…