May 6, 2024
GULFPORT, Miss. (AP) — A Mississippi city council member pleaded guilty to federal charges after running a multimillion-dollar illegal drug business, prosecutors said last week. Biloxi City Council member Robert Leon Deming, III, 47, reached a plea agreement with the …
May 6, 2024
Disruption to Red Sea container shipping is rising, Maersk said on Monday, forecasting this will cut the industry’s capacity between Asia and Europe by up to 20% in the second quarter. Maersk and other shipping companies have diverted vessels around …
May 6, 2024
CHARLOTTE, N.C. (AP) — Investigators found disconnected and missing hardware aboard a helicopter that crashed in 2022, killing the pilot and a North Carolina television station’s meteorologist, according to the National Transportation Safety Board. The NTSB’s final report on the …
May 6, 2024
Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based broker, announced the acquisition of Melbourne, Victoria-based Health Insurance Consultants Australia (HICA). Terms of the transaction were not disclosed. HICA is a specialist health insurance consultancy and brokerage firm serving corporate …
May 6, 2024
This edition of International People Moves details appointments at AXA XL and Generali Global Corporate & Commercial (GC&C). A summary of these new hires follows here. AXA XL Promotes O’Malley as Chief Client & Distribution Officer, Americas AXA XL has …
May 6, 2024
Berkshire Hathaway continued to deliver eye-popping results for its insurance and reinsurance operations during the first quarter of 2024, with underwriting profits for personal auto insurer GEICO and reinsurance operations topping any prior first quarter in the last decade. Across …
May 6, 2024
While describing cyber insurance as a “fashionable” and profitable business, Berkshire Hathaway’s head of insurance operations said aggregation and loss costs have kept the company away from the risk for the most part. Yes, profitability has been “fairly high” for …
May 6, 2024
Delos Insurance Solutions plans to offer wildfire insurance to more California policyholders with vacant properties. Delos is expanding coverage availability through a partnership with certain underwriters at Lloyd’s of London. San Francisco, California-based Delos is a managing general agent that …
May 6, 2024
Massachusetts has become the latest front in a years-long battle in the United States over whether ride-share drivers for Uber and Lyft should be treated as independent contractors or employees entitled to benefits and wage protections. The state’s top court …
May 6, 2024
Brazil and the state of Espirito Santo have rejected a proposal by miners Vale and BHP regarding reparations for the deadly 2015 Mariana tailings dam burst, the federal government said on Friday. The statement did not include Minas Gerais state, …