Boeing Co said on Wednesday its flying car prototype hovered briefly in the air during an inaugural test flight, a small but significant step as the world’s largest planemaker bids to revolutionize urban transportation and parcel delivery services. Boeing is …
Insurer Progressive said it expects to hire more than 10,000 people in the coming year to support its growth. Positions will include IT and analyst roles, corporate functions, customer care and claims roles. The Ohio-headquartered company has grown more than …
Bermuda-based (re)insurers continue to be tested by challenging market conditions, including heightened catastrophic losses and diminishing competitive advantage resulting from U.S. tax reform. However, the Bermuda market “remains resilient given its strong global position, demonstrated underwriting expertise, robust and effective …
Anbang Insurance Group Co., which symbolized the era of mega-acquisitive Chinese companies that later had to reverse their buying binges, is continuing to whittle down its empire. The Beijing-based conglomerate is exploring the sale of the Manhattan office building that …
Wilkinson Insurance Services Inc., an insurance premium audit services company based in Huntsville, Ala., is expanding to Virginia with its acquisition of Commercial Insurance Services of Virginia. The acquisition is expected to increase the company’s footprint in the Southeast and …
National Grid began the painstaking process Tuesday of going door-to-door to restore natural gas service to about 7,000 Rhode Island customers who were without heat on a day when temperatures weren’t expected to rise above freezing. The effort in Newport …
The Roman Catholic Archdiocese of Hartford says it has paid $50.6 million to settle priest sexual abuse claims over the last several decades. The archdiocese said Tuesday that it has settled 142 claims involving 32 clergy members. The archdiocese paid …
Ryan Specialty Group LLC has reached a definitive agreement to acquire the assets and operations of Boston Insurance Specialists Inc. (BIS), an independently owned wholesale insurance brokerage with offices in Mansfield and Westfield, Mass. Terms of the transaction were not …
Insurance Commissioner Vicki Schmidt has appointed Dennis Jones as director of Anti-Fraud at the Kansas Insurance Department (KID). Jones brings over 30 years of legal experience having previously served as a city attorney, county attorney, special prosecutor and most recently …
Columbus, Ohio-based Root Insurance, says it plans to expand into additional states in 2019 and increase its workforce by 150 percent. The insurtech in 2018 added 12 states — Louisiana, Montana, New Mexico, Arkansas, Delaware, Missouri, Iowa, North Dakota, Maryland, …
