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AIG General Insurance Chairman McElroy to Retire May 1

American International Group (AIG) today announced a top executive will retire in less than two weeks. David McElroy will retire from AIG on May 1. “Mr. McElroy has agreed with AIG to accelerate his retirement date for personal reasons and …

Strong Prices Support London Market Profits, Prompting Revision in AM Best Outlook

The strong pricing environment for most business lines written in the London insurance market is expected to support good underwriting profitability – factors that have led AM Best to revise its outlook for the segment to positive from stable. Further, …

Walgreens to Pay $110M to End Philadelphia Opioid Litigation

The city of Philadelphia has reached a $110 million settlement of its 2021 lawsuit against Walgreens pharmacy for the company’s role in supplying and perpetuating the opioid addiction crisis in Philadelphia. Under the terms of the agreement, Walgreens admits no …

World’s Workers Increasingly at Risk as Climate Changes: Int’l Labour Organization

More than 70% of the global workforce is exposed to risks linked to climate change that cause hundreds of thousands of deaths each year, the International Labour Organization said on Monday, adding governments would need to act as the numbers …

Iowa Governor Signs Measure to Increase Compensation for Boy Scouts Abuse Victims

DES MOINES, Iowa (AP) — Iowa men who were victims of child sexual molestation while they were in the Boy Scouts of America could get higher legal compensation under a measure lawmakers approved and the governor signed into law last …

Progressive Gains as Drivers Shop Around for Auto Insurance—Again

Although it may have seemed like drivers had thrown in the towel on trying to find cheaper auto insurance prices late last year, a new study of consumer behavior finds they’re back to shopping around. In addition, when they decide …

Tiny Texas City Repels Russia-Tied Hackers Eyeing Water System

When Mike Cypert got the call that utilities in remote Texas communities were being hacked, he raced across his office to unplug the computer that ran his city’s water system. Hale Center is a dusty, cotton-growing burg of 2,000 about …

EPA Designates PFAS Chemicals as Superfund Hazardous Substances

The U.S. Environmental Protection Agency on Friday designated a pair of widely used industrial chemicals as hazardous substances under the country’s Superfund program, accelerating a crackdown on toxic compounds known as “forever chemicals.” The rule will require companies to report …

What Is Volt Typhoon, the Hacking Group the FBI Warns Could Deal a ‘Devastating Blow’?

China is developing the “ability to physically wreak havoc” on U.S. critical infrastructure and its hackers are waiting “for just the right moment to deal a devastating blow,” FBI Director Christopher Wray said on Thursday. The comments were in relation …

Alabama City Councilman Hit With New Auto Insurance Fraud Indictment

Authorities have added four more insurance fraud charges to those already lodged against an city official in coastal Alabama. Prichard City Councilman Derrick Griffin last week was indicted by a grand jury for the second time in four months. In …

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