New research shows the persistent risk of lawsuits and high medical liability insurance premiums have created a long period of heavy financial burden on doctors and escalating expenses in healthcare. The research from American Medical Association shows many physicians face …
Allstate reported a jump in first-quarter profit on Wednesday as the property and casualty insurer benefited from a sharp fall in catastrophe losses. Earnings rose across the insurance industry on weaker catastrophe losses in the quarter. The prior year’s quarter …
Iran said on Thursday it would respond with “long and painful strikes” on U.S. positions if Washington renewed attacks, and also reasserted its control over the Strait of Hormuz, complicating U.S. plans for a coalition to reopen the waterway. Two …
Alliant Insurance Services, headquartered in Irvine, California, added Matthew Friedson to its employee benefits group as first vice president. Based in Bethesda, Maryland, he will work with clients throughout the Northeast to tailor executive benefits and financial strategies for their …
Insurance broker Lockton announced it has secured a reinsurance license in the Kingdom of Saudi Arabia, which marks the next phase of Lockton’s geographical expansion and reflects the firm’s broader international strategy to deliver tailored facultative and treaty solutions to …
Some automakers this week got a first-quarter profit boost—at least on paper—from future refunds of tariff payments they made to the U.S. government, risking potential ire from U.S. President Donald Trump. Companies that were hit with import duties began applying …
This edition of International People Moves details appointments at Howden Re and Zurich Insurance Group. A summary of these new hires follows here. Howden Re Expands Cyber Reinsurance Team With 5 New Hires Howden Re, the global reinsurance, capital markets …
Duracell, the battery maker owned by Berkshire Hathaway, must face a lawsuit accusing it of stealing trade secrets related to German chemical company BASF’s lithium-ion battery technology. U.S. District Judge Gregory Williams on Tuesday rejected Duracell’s bid to dismiss the …
Insurtech Hippo reversed a first quarter net loss of $47.7 million last year and posted net income of about $7.1 million for the first three months of 2026. Results a year ago included total catastrophe losses of $53.4 million, of …
Large-scale infant formula testing conducted by the U.S. Food and Drug Administration found that the overwhelming majority of samples weren’t contaminated with metals or pesticides. The findings are positive for infant formula manufacturers, who were an early target of Health …