Specialist Risk Group (SRG), the London-based insurance broker, announced the acquisition of the managing general agent, The Medical Professional Liability Co. Ltd. (The MPLC), subject to regulatory approval. Financial terms of the deal were not disclosed. This latest acquisition is …
Swiss Re swung back to a first quarter profit, reporting net income of $643 million, compared with a loss of $248 million for the prior-year period. “Profitability improved in all our main businesses, supported by adequate pricing, higher investment results, …
Meta Platforms Inc. was accused by the Federal Trade Commission of repeatedly violating privacy promises it made to US regulators and now faces a possible government ban on launching new social-media products without an independent review. Meta, the parent company …
French oil major TotalEnergies has sued environmental group Greenpeace France and climate consulting firm Factor-X over a report claiming the company massively underestimated its 2019 greenhouse gas emissions, Total said on Wednesday. The civil complaint, served on April 28, seeks …
A U.S. judge has refused to let Peloton Interactive Inc customers pursue a class action accusing the bike and treadmill maker of misleading them about the “ever-growing” size of its library of on-demand fitness classes. In a 74-page decision May …
Allstate Corp. posted a bigger first-quarter loss than analysts expected as higher premiums failed to offset rising auto costs and soaring catastrophe losses. The company reported a $342 million loss on an adjusted basis for the period, compared to profit …
Banks and insurers are more frequently adding coal exclusion policies to their investments while those with existing policies are toughening them up despite record profits in the sector, according to a report on Thursday. More than 200 financial institutions globally …
Summit Consulting, a manager of five workers’ compensation insurance companies in the Southeast, has named Robert Darin Grimm senior vice president of claims. Grimm, who holds a doctorate from the University of South Florida’s college of business, joined Summit in …
The Tennessee General Assembly has approved a workers’ compensation presumption that post-traumatic stress disorder is work-related for firefighters, joining several other states that have adopted mental health presumptions in recent years. Senate Bill 856, sponsored by state Rep. Johnny Garrett, …
Four Merced, California, family members were arraigned this week for multiple counts of insurance fraud after a California Department of Insurance investigation revealed the businesses owned and operated by the residents allegedly underreported payroll by millions of dollars. The underreporting …
