Jumps in rates and written premiums did little to move the needle on underwriting profits for U.S. personal auto insurers, Fitch Ratings reported based on a recent review of midyear results of nine big market players. Profitability challenges in the …
YouTube, Reddit and a body armor manufacturer were among the businesses that helped enable the gunman who killed 10 Black people in a racist attack at a Buffalo, New York, supermarket, according to a pair of lawsuits announced Wednesday. The …
Allianz Global Investors, the insurance company’s money management division, is pushing ahead with plans to raise at least 1.5 billion euros ($1.63 billion) for a new global private credit fund, a spokesperson said, as investors boost exposure to the asset …
Activision Blizzard Inc and Kellogg Co have joined a growing list of major U.S. companies to face claims from a group founded by former Trump administration officials that efforts to diversify their workforces amount to illegal discrimination. America First Legal …
Police have changed their account of a fatal shooting by a Philadelphia officer earlier this week, acknowledging that the person was shot inside the car rather than outside and no longer saying that he fled a traffic stop and later …
The death of a Long Island resident has been linked to a bacteria found in raw shellfish or seawater that has also been blamed for two deaths in Connecticut, New York Gov. Kathy Hochul said Wednesday. The Vibrio vulnificus bacteria …
S&P Global Ratings has revised its outlooks for Munich Re and Swiss Re, affirming both reinsurers’ “AA-” issuer credit and financial strength ratings. Munich Re’s outlook was revised to positive from stable on improving diversification, while Swiss Re’s outlook was …
Some regions of India are bracing for more torrential rain, raising the risk of further causalities after natural calamities such as floods and lightning killed 2,000 people during the current monsoon season. Rains have affected about 500,000 hectares (1.24 million …
Wildfires have forced an evacuation of Yellowknife, the capital of Canada’s Northwest Territories. Officials with the territorial government told residents in the highest-risk areas to evacuate immediately. Other residents have until 12 p.m. local time on Friday to leave the …
Europe is once again battling scorching temperatures this summer, with wildfires blazing across the continent from the Mediterranean to Spain. Here’s how climate change drives these events. HOTTER, MORE FREQUENT HEATWAVES Climate change makes heatwaves hotter and more frequent. This …
