A North Carolina insurance agent who was penalized by regulators almost 20 years ago has given up her producer license after she was charged with pocketing insurance premiums. Lori Ann Crisp, 56, of Kannapolis, was charged with forgery, embezzlement and …
After the U.S. commercial auto insurance segment sustained a $5 billion net loss in 2023, a new AM Best reports indicates further deterioration in the first half of 2024. Despite targeted underwriting initiatives, including raising premiums to match the rising …
Bank executives and lawyers anticipate the incoming Trump administration to place significant limits on the U.S. Consumer Financial Protection Bureau (CFPB), but the president’s populist leanings could leave room for some activity by the watchdog. The CFPB has long been …
This year’s U.N. climate summit – COP29 – is being held during yet another record-breaking year of higher global temperatures, adding pressure to negotiations aimed at curbing climate change. The last global scientific consensus on climate change was released in …
Everest Insurance, the insurance division of Everest Group, headquartered in Warren, New Jersey, appointed Nina Corbo to lead U.S. primary casualty and Debbie Weiser to lead U.S. excess casualty. Corbo oversees the risk management and commercial casualty segments. With nearly …
Apple Inc. faces a lawsuit from a UK consumer group over allegations its monopoly on data storage breaches competition law, in a fresh class action that could ultimately cost the tech giant billions. The iCloud provider is accused of abusing …
Typhoon Usagi struck the northern Philippines on Thursday afternoon, the fifth powerful storm to impact the country in three weeks, with the system set to swing north and move toward Taiwan. Usagi, known locally as Ofel, has maximum sustained winds …
Direct Line Insurance Group Plc, the UK insurer that rejected a takeover attempt by Belgian rival Ageas SA earlier this year, is set to cut about 550 jobs as part of a turnaround plan aimed at saving £50 million ($64 …
A Dutch court on Tuesday accepted Shell’s appeal against a landmark climate ruling, dismissing the order for the oil and gas company to sharply reduce emissions. The original 2021 ruling ordered Shell to cut its absolute carbon emissions by 45% …
A new typhoon barreled across an agricultural region in the northeastern Philippines on Monday after thousands were evacuated to safety while still struggling to recover from the devastation caused by three successive storms in the last three weeks. Typhoon Toraji …