The Progressive Corp. said Dec. 21 that its loss and allocated loss adjustment expenses (ALAE) in the property business are estimated to be $1 billion from, prior to reinsurance, from Hurricane Ian. The insurer said this reflects favorable development of …
A 68-year-old man died and another man was taken to the hospital for treatment after an ammonia leak at a food processing facility in Massachusetts, authorities said. Police officers and firefighters went to the plant in Norwood at about 11 …
BURLINGTON, Vt. (AP) — The manufacturer of chemicals that are forcing Vermont’s largest city to tear down its high school wants to block the demolition, saying that would result in the destruction of evidence. Burlington’s school board sued Monsanto in …
The folks at Insurance.com decided to step into the roles of insurance claims adjusters to figure out whether some of the over-the-top holiday disasters that happened in the movies—ranging from Christmas tree fires to burglar booby traps—would be covered by …
The Massachusetts Supreme Judicial Court has granted a country club another shot at defending itself after a jury last year penalized it $3.5 million for golf balls veering onto a homeowner’s adjacent property. The state’s high court ordered a retrial …
After a jarring six months marked by sweeping policy promises, U-turns and four Chancellors of the Exchequer, UK financiers head into 2023 uncertain that the coming year will finally usher in substantive reforms to the City of London. Current Chancellor …
A cargo insurance facility providing cover for shipments via Ukraine’s grain export corridor will continue next year with no rate increases, an underwriter with Lloyd’s of London insurer Ascot said on Thursday. Twenty-one insurers are part of the facility, which …
An investigation is being launched after the latest version of Italy’s Vega C rocket failed on its second mission, destroying two Earth-imaging satellites and further complicating Europe’s access to space on top of the war in Ukraine. Launch firm Arianespace …
U.S. auto safety regulators said on Tuesday they are investigating if Hertz rented unrepaired recalled vehicles to customers. The National Highway Traffic Safety Administration (NHTSA) said in a filing made public on Tuesday it was in receipt of information that …
The US’s first national cyber director, Chris Inglis, is planning to step down in the coming months, according to a person familiar with the matter. Inglis has worked as one of President Joe Biden’s top cybersecurity advisers at a time …
