Industry News

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Corebridge Swings to Black in First Quarter as Premiums and Deposits Rise

May 03, 2024 Corebridge Financial Inc. swung to a profit in the first quarter after posting a loss in the same period year earlier, and it saw advisory...

Aon Estimates Multibillion Loss From Latest Storms; Gallagher Re Pegs YTD Hit at $14 Billion

May 03, 2024 Insurers may have incurred billions of dollars in losses from severe convective storms that spanned across central U.S....

AM Best Revises Issuer Credit Rating Outlook to Negative and Affirms Credit Ratings of Members of Builders Mutual Insurance Group

May 03, 2024 AM Best has revised the outlook to negative from stable for the Long-Term Issuer...

Allianz Commercial Hires Ecclesiastical Exec as Head of Client Relations Management

May 03, 2024 Allianz Commercial appointed Faith Kitchen to the position of head of client relationship management for midmarket. Kitchen...

Insurance Journal

Extreme Weather Is Driving More US Power Outages, Studies Show

May 03, 2024 For decades, residents of eastern Queens in New York City have complained that they’re more likely to lose power when extreme weather hits, even as lights in...

Cracks in O’Hare Columns Aren’t Insured Property Damage, Just Bad Product – Court

May 03, 2024 Cracked steel columns are not “property damage,” but are building products that are not covered by a contractor’s general...

Yemen’s Houthis Threaten Ships in Mediterranean Sea That Are Sailing to Israeli Ports

May 03, 2024 Yemen’s Houthis will target ships heading to Israeli ports in any area that is within their range, military spokesman Yahya Sarea...

Binance Crypto Founder Zhao Sentenced to Four Months in Prison

May 03, 2024 Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating U.S. laws against money...

Claims Journal

Uber Hit With £250 Million Suit From London’s Black Cab Drivers

May 03, 2024 Uber Technologies Inc. was sued by thousands of London’s black cab drivers in a suit seeking hundreds of million pounds accusing it of unlawfully operating in...

16 Nabbed in Florida Sting Operation for Failing to Get Workers’ Comp Coverage

May 03, 2024 A sting operation in Manatee County, Florida, has led to the arrest of 16 men who were working without a contractor’s license and without...

Fired Google Workers Ousted Over Israeli Contract Protests File Complaint

May 03, 2024 Dozens of Google workers who were fired after internal protests surrounding a lucrative contract that the technology company has with the Israeli government...

RYZE Claim Solutions Adds Myers and Conti

May 03, 2024 RYZE Claim Solutions added Stuart Myers and Christopher Conti to its board of directors. Myers is the former president and chief operating officer for York Insurance Services, which was...