News
McKinsey Plots Thousands of Job Cuts in Slowdown for Consulting Industry
As McKinsey & Co. partners gathered in the consulting giant's birthplace in late October, Bob Sternfels delivered a rallying cry. "We will kick some ass as we start our second century," the ...
LA Fires and U.S. Severe Convective Storms Drive Insured Losses of $107B in 2025
Insured losses from natural catastrophes will surpass $100 billion mark in 2025 for the sixth consecutive year – driven mainly by January's record Los Angeles wildfires as well as severe convective ...
AIG Gets Approval to Acquire Everest Renewals in 6 EU Countries – in Time for Jan. 1
AIG announced it has received approval to proceed with the acquisition of Everest Group's renewals in Germany, France, Italy, Netherlands, Spain and Ireland. The European Union deal is part of AIG's ...
Employee Groups Stay Resilient as Companies Back Away From DEI
Despite the backlash against diversity, equity and inclusion policies in the U.S., employee groups built around shared identities or interests have largely held up. The number of Fortune 50 companies ...
Aon Adds to List of Brokers Suing Howden US for Alleged Poaching, Theft
A new broker is now suing Howden US and a pair of former employees for allegations of poaching and theft of trade secrets. Last week Aon Risk Services Cos. filed suit in U.S. District Court for the ...
Fifth La Niña in Six Years to Disrupt Crops and Supply Chains
Deadly flooding in Asia and early snowstorms across the U.S. are signaling the return of a weather-roiling La Niña, a cooling of Pacific waters that can disrupt economies and trigger disasters ...
Jury Orders Johnson & Johnson to Pay $40M in Latest Talc Trial
A California jury on Friday awarded $40 million to two women who said Johnson & Johnson's baby powder was to blame for their ovarian cancer.
The jury in Los Angeles ...
Insurance Covers Settlement Paid by Stocks Instead of Money: Delaware High Court
A settlement paid by stocks rather than money is a covered loss that must be paid by an insurer, the Delaware Supreme Court has affirmed. The state's high court agreed with a lower court's ruling ...