Swiss Re AG said first-half net income rose more than ninefold to $1.4 billion from a year earlier, driven by contained natural catastrophe losses and a rebound in its life and health business to pre-pandemic levels. Net premiums earned and …
The UK government unveiled a fresh attempt to bolster security of critical energy infrastructure like gas pipelines. The release of an updated National Risk Register by Deputy Prime Minister Oliver Dowden reflects concerns that heavy reliance on gas supplies piped …
Forecasters from Colorado State University (CSU) stressed uncertainty in their latest outlook on Thursday for the current Atlantic hurricane season, even as they held steady the number of storms expected. This year’s hurricane season, which began on June 1, is …
Teva Pharmaceutical Industries Ltd has agreed to pay up to $126 million to U.S. hospitals over 18 years to settle claims that its marketing of opioid drugs raised the hospitals’ operating costs. As part of the proposed settlement, disclosed in …
Birmingham-based Valent Group, an insurance brokerage and risk management firm, has acquired Coastal Professional Insurance Inc., an independent agency in Mobile, Alabama. Coastal, or CPI, has been in the business for three decades and offers property coverage. Principals also have …
After successful entries into the German, French and Canadian insurance markets, software-as-a-service firm Acturis Group has entered the U.S. market with the acquisition of Broker Buddha. Broker Buddha, based in New York City, provides insurance brokers and carriers with a …
The judge called it a “spectacular” fall from grace after a well-known Pennsylvania socialite was convicted in 2019 of more than $13 million in insurance fraud. Four years later, the Bucks County woman, Claire Risoldi, has died at age 71, …
A delivery driver in Massachusetts has filed a proposed class action against a grocery delivery company and grocery chain for allegedly misclassifying drivers as independent contractors and not paying minimum wage, overtime wages or employee expenses. The lawsuit comes as …
A California company will pay $1 million for violating federal environmental laws by making and selling devices that defeated smog controls on diesel trucks, prosecutors announced. Sinister Manufacturing Co., Inc. of Roseville, doing business as Sinister Diesel, pleaded guilty Tuesday …
Smart-car app maker Jerry received an additional $110 million in equity and debt financing to add its services designed to enable vehicle owners “manage all things car.” The Palo Alto, California-based company is adding GarageGuard to diagnose issues, remind car …
