Lloyd’s of London is investigating its former chief executive officer, John Neal, who was set to start at American International Group Inc. next month before the company disclosed he’s no longer joining due to “personal […]
AM Best has downgraded the financial strength ratings of State Farm Mutual Automobile Insurance Company and its affiliates to A+ from A++, reflecting a revision to Best’s assessment of the group’s operating performance. The affiliates […]
A federal jury in south Florida this week convicted a formerly licensed insurance broker and the head of a marketing firm for their roles in a years-long scheme to fraudulently enroll homeless people in Affordable […]
Hewlett Packard Enterprise is seeking nearly $1.8 billion from the estate of the late Mike Lynch over HP’s acquisition of his British tech firm Autonomy, the U.S. technology giant’s lawyers told London’s High Court on […]
According to The Council of Insurance Agents & Brokers (CIAB) quarterly survey, commercial property/casualty premiums across all account sizes in the third quarter 2025 rose by 1.6%, as premium increases in all lines of business […]
King Risk Partners, which said it is now the 51st largest insurance brokerage in the United States, has acquired Stuart Surles Insurance agency in Angier, North Carolina, near Raleigh. The Surles agency, founded some 30 […]
A plastic label on a single loose wire that blocked the wire from being fully connected caused an electrical blackout that led to the fatal collision of the 984-foot-long containership Dali into Baltimore’s Francis Scott […]
Marsh, the insurance brokerage business of Marsh McLennan, announced the appointment of James Addington-Smith as CEO of Marsh UK. Subject to regulatory approval, Addington-Smith will take up his new role early in 2026 and report […]
Rising electricity demand from data centers is raising the risk of blackouts across a wide swath of the US during extreme conditions this winter, according to the regulatory body overseeing grid stability. Power consumption has […]
The European Union’s top diplomat said that Moscow’s aggression against the bloc, including an explosion that occurred in Poland over the weekend, should be considered terrorism. “These sabotage acts they are organizing on our territories […]
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