News
15 Years After Deepwater Horizon Oil Spill, Lawsuits Stall and Restoration Is Incomplete
Fifteen years after the Deepwater Horizon oil rig exploded off the Gulf Coast, killing 11 and sending 134 million gallons (500 million liters) of crude gushing into the ocean, the effects of the ...
Wildfire Losses Cut Chubb Q1 Net Income 38%; Tariffs Create ‘Confusion’
First quarter 2025 net income at Chubb fell nearly 38 percent to about $1.3 billion as losses from the California wildfires overcame underlying results. Chief Executive Officer Evan G. Greenberg in a ...
U.S. Excess & Surplus Lines Boost London Market Top-Line Growth
The U.S. excess and surplus lines market continues to offer profitable growth opportunities for insurers and reinsurers in the London market—which could help counteract some possible headwinds, ...
Tesla Settles Wrongful Death Lawsuit Claiming Sudden Acceleration in Ohio Crash
Elon Musk's electric vehicle company Tesla has agreed to settle a wrongful death lawsuit filed by the estate of a man who was killed in 2021 after his Tesla crashed and caught fire near Dayton, Ohio. ...
Severe Midwest Storms Result in Baseball Size Hail
The severe thunderstorms that struck the Midwest last week produced hail up to baseball size, according to the National Weather Service (NWS). Large hail occurred from New Glarus east to Edgerton, ...
Thai-Chinese Firm Denies Flouting Safety Measures in Skyscraper Collapse Probe
A Thai-Chinese company denied Monday allegations its steel rods did not pass safety standard tests after nationwide criticism prompted an investigation into the collapse of a high-rise building under ...
Don’t Forget Workers Comp Tariff Impacts: Berkley
The chief executive of W.R. Berkley Corp. said that his company is very focused on the impacts of tariffs on loss costs, and ultimately pricing for short-tail lines of business. But the possibility ...
Bill Aims to Make Staged Accidents a Federal Crime
A new bill, H.R. 2622, introduced earlier this month by Representatives Mike Collins (GA-10) and Brandon Gill (TX-26), could make staging an accident a federal crime. The bill seeks to amend title 49 ...