News
After Member Exodus, Insurers Seek to Ease UN Climate Alliance Rules
The remaining insurers in a United Nations-backed coalition aimed at tackling climate change are poised to loosen the alliance's membership requirements after a recent exodus of members, according to ...
Chicago Flooding Highlights Vulnerability of Major Cities During Extreme Weather
Heavy rains that flooded Chicago neighborhoods, rendered freeways impassable and wreaked havoc on NASCAR street races downtown Sunday are serving as stark reminders of urban centers' vulnerability ...
Still Hiring: Big Tech Layoffs Give Other Sectors an Opening
For the thousands of workers who'd never experienced upheaval in the tech sector, the recent mass layoffs at companies like Google, Microsoft, Amazon and Meta came as a shock. Now they are being ...
Travelers Vows Changes to Golf Course After PGA Tournament’s Low Scores
Changes will be made to the TPC River Highlands after record low scoring during the recent PGA Tour's Travelers Championship, tournament officials said. Andy Bessette, Travelers' executive vice ...
GEICO to Pay $805K to Settle Overtime Wage Disputes With Claims Adjusters
Insurer GEICO has agreed to pay $805,000 total to settle class action lawsuits by claims adjusters alleging they were entitled to unpaid wages for overtime worked between May 27, 2019 and May 27, ...
Fidelis Insurance IPOs; Valued at $1.5B in Lukewarm Market Debut
Fidelis Insurance Holdings notched a valuation of $1.5 billion on Thursday after shares of the reinsurer fell 6.4 percent on debut. The company joins a list of firms that have gone public this year ...
Survey Report: Pay Raises to Remain High Through 2024
Employee salaries are expected to remain high in 2024 as employers continue to navigate ongoing labor market challenges. U.S. organizations are budgeting an average increase of 4 percent in 2024, ...
Personal Lines Driving Premium Growth; Commercial Lags: Swiss Re Analysis
After 15 consecutive quarters of lagging premium growth in commercial lines, personal lines became the main driver again, according to a Swiss Re report released last week. According to the ...