Which would cost American taxpayers more: Paying now to protect undeveloped areas that are likely to flood in the coming decades, or allowing development to proceed based on current projections and paying for subsequent flood damages when they inevitably occur? …
Exxon Mobil Corp. won a closely watched securities-fraud trial that delved into its internal accounting for the financial risks of climate change, a striking rejection of New York state’s claim that the company misled investors for years. The ruling Tuesday …
A Democratic member on the U.S. Federal Trade Commission urged states investigating Facebook Inc. to examine whether the company disregarded earlier promises to protect privacy in order to perpetuate its dominance in violation of antitrust laws. “Now, the ball really …
Mark Wiseman, who was seen by many as a likely heir to BlackRock Inc. Chief Executive Officer Larry Fink, is now out of a job. The details we have are scant. In a memo, Wiseman explained: “I am leaving BlackRock …
A.M. Best has maintained a market segment outlook of stable on the U.S. personal lines industry for 2020, citing a significant decline in catastrophe activity, profitable underwriting performance in the private passenger auto segment and the sector’s overall strong risk-adjusted …
The U.S. Supreme Court on Monday turned away a novel case by Arizona seeking to recover billions of dollars that the state has said that members of the Sackler family – owners of Purdue Pharma LP – funneled out of …
U.S. commercial insurance prices accelerated during the third quarter of 2019, as the aggregate price change reported by carriers exceeded 4%, according to insurance broker Willis Towers Watson. WTS’s Commercial Lines Insurance Pricing Survey (CLIPS) survey compared prices charged on …
Efforts to curtail impaired driving and related accidents by repeat offenders on the road should address the underlying problems prompting the unsafe behavior, according to a new report from state highway officials and the liquor industry’s drunk driving prevention group. …
The market outlook on the U.S. commercial lines industry for 2020 is stable. according to analysts at ratings firm A.M. Best who cite “improved market conditions and solid levels of risk-adjusted capitalization that have helped insurers weather short-term profitability challenges.” …
A day after Uber revealed that more than 3,000 riders and drivers were sexually assaulted last year while using its service, attention is turning to what’s next for the ride-hailing giant and whether its plans to improve safety go far …
