The Hanover Insurance Group reported a fourth quarter 2022 loss of $11.6 million, driven by widespread catastrophic losses from Winter Storm Elliott. Results were in comparison to net income of $163.5 million in the prior-year quarter. The Hanover experienced catastrophe …
Curi Holdings, Inc. and Constellation, Inc., two of the nation’s leading providers of medical professional liability (MPL) insurance, have signed an agreement to merge. Curi CEO Jason Sandner will remain CEO of Curi Holdings, Inc. Constellation President & CEO Ryan …
Attacks on US power grids rose to an all-time high last year, further straining the sprawling and aging network. The number of direct physical attacks, including acts of vandalism and other suspicious activity, that potentially threatened grid reliability rose 77% …
Central California’s Tulare County will pay $32 million to settle a lawsuit alleging its child welfare agency failed to respond to reports of abuse involving an infant boy who was hospitalized for malnutrition and suffered brain damage, plaintiffs’ attorneys said …
Fourth quarter 2022 net income at Chubb Ltd. was about $1.3 billion, nearly 39% lower than the same period the prior year, due to catastrophe losses and results in the company’s agriculture business from a below-average crop year. The P&C …
U.S. Transportation Secretary Pete Buttigieg announced $800 million in grant awards through the new Safe Streets and Roads for All Grant Program includes 50 grants for communities in California. The competitive grant program, established by President Joe Biden’s infrastructure law, …
The Citizens Property Insurance Corp. Board of Governors, in a special meeting Tuesday, surprised some in the Florida insurance industry by naming its general counsel as CEO – without a nationwide search. The board voted unanimously to elevate Tim Cerio …
The FBI on Thursday revealed it had secretly hacked and disrupted a prolific ransomware gang called Hive, a maneuver that allowed the bureau to thwart the group from collecting more than $130 million in ransomware demands from more than 300 …
An insurer’s duty to act in good faith and with reasonable care does not necessarily include a requirement to begin settlement negotiations before a claim is filed, the Kansas Supreme Court ruled. The high court affirmed a panel decision by …
It’s not just truck drivers and nurses. The most acute labor shortage for many companies right now is the chief financial officer. Assignments for CFO appointments across Europe, the Middle East and Africa are up almost a third on this …