U.S.
The Global Construction Industry’s Climate Change Responses Could Drive New Opportunities: Marsh
Climate change and the race to net zero greenhouse gas emissions are arguably the greatest challenges that face the construction industry — but they will drive new opportunities, according to a ...
Wells Fargo Loses Bid to Dismiss Shareholder Fraud Claims Over Its Recovery From Scandals
A federal judge on Thursday rejected Wells Fargo & Co's bid to dismiss a lawsuit claiming it defrauded shareholders about its ability to rebound from five years of scandals over its treatment of ...
Auto MGA Loop Raises $21M, With 10 More States in Its Sights
Loop, a managing general agency InsurTech focused on auto insurance, raised $21 million in new financing from multiple investors to help fuel ongoing expansion plans into additional states. "Their ...
State Auto Shareholders Back Liberty Mutual’s $1B Acquisition Plan
Shareholders at State Auto Group voted overwhelmingly to approve Liberty Mutual Holding Company's $1 billion plan to buy the company. The Ohio-based super-regional insurance holding company said the ...
Amazon Reaches Settlement With Employees Allegedly Fired for Criticizing Work Conditions
Amazon.com Inc and the U.S. National Labor Relations Board (NLRB) said on Wednesday the company had reached a settlement with two former employees who alleged they were fired last year for ...
Cyber Rates Could Double Within Two Years as Attacks Soar: S&P
The pandemic caused economic and insured losses from cyber attacks to skyrocket, which has heightened awareness of the risk and increased demand for cyber re/insurance, according to a report ...
Microsoft Will Work With MGU At-Bay to Enhance Its Cyber Insurance Cover
Microsoft, an investor with At-Bay since early 2020, will partner with the California-based MGU and InsurTech to help beef up its cyber insurance coverage. Microsoft said the initiative was part of a ...
Despite a Smaller Premium Base, WC Profitability Still Beats Other P/C Lines
Workers compensation may have a smaller premium base, but it remains highly profitable compared to other policy lines, AM Best concludes in a new report. The line produced more than $44.3 billion in ...