Berkshire Hathaway Inc.’s PacifiCorp now faces a demand for $30 billion from victims of Oregon’s 2020 Labor Day wildfires, an escalation of a legal onslaught on the largest grid operator in the western US. While the amount sought in an …
This edition of International People Moves details appointments at SCOR Business Solutions and the re/insurance broker Consilium. A summary of these new hires follows here. SCOR Business Solutions Taps HDI’s McDonald as CEO, Succeeding Launay Reinsurer SCOR has named Claire …
WOODSTOCK, Ill. (AP) — Three children were hurt when the minivan they were in rolled down a hill Saturday morning into a concrete baseball dugout in northern Illinois’ Woodstock. The children, ages 12 and 13, were hospitalized with mild to …
Oklahoma Insurance Commissioner Glen Mulready notified residents of where to seek help and report damage in response to severe storms that killed four and left more than 20,000 people without power. “Our hearts go out to the communities impacted by …
SULPHUR, Okla. (AP) — Tornadoes killed four people in Oklahoma, including an infant, and left thousands without power Sunday after a destructive outbreak of severe weather flattened buildings in the heart of one rural town and injured at least 100 …
Global natural catastrophes cost insurers $17 billion during the first quarter of 2024 with economic losses rising above $45 billion, according to Aon’s Q1 Global Catastrophe Recap – April 2024. Q1 natural disaster losses were driven by severe convective and …
Montgomery, Alabama, authorities have charged two workers – a contract employee and a firefighter – with insurance fraud in unrelated alleged scams. Local news outlet reported that Michael Granger Hicks, who worked for a third-party vendor for the city, was …
When a cyberattack on Change Healthcare paralyzed much of the US health-care system, some lawmakers saw it as proof its parent company, UnitedHealth Group Inc., was too big. UnitedHealth Chief Executive Andrew Witty saw it differently. He has said that …
Interest in startups trying to shake up the insurance industry is on the rise as weather catastrophes worsen. The latest sign: New York-based Arbol has raised $60 million in a Series B funding round. Founded in 2018, Arbol specializes in …
Larry Ellison plans to make Nashville the world headquarters for Oracle Corp., only a few years after relocating the tech giant from Silicon Valley to Austin. Ellison said Oracle is developing a campus in the Tennessee city, moving it closer …
