States in the U.S. West are grappling with an unusually warm, arid winter that is ramping up fire risk in some areas, driving utilities to take drastic precautions, including sometimes shutting off the power in a bid to keep their …
Insurers through the first nine months of 2025 recorded an underwriting profit of $35.3 billion—far above a $4 billion result at the same point the year prior. As public insurance companies announce fourth quarter and full-year earnings, Verisk and the …
Bob Shaw glared at the executives from the chemical giant 3M across the table from him. He held up a carpet sample and pointed at the logo for Scotchgard on the back. “That’s not a logo,” fumed Shaw, CEO of …
A federal judge in Missouri on Thursday dismissed a lawsuit by the Republican-led state accusing Starbucks SBUX.O of using its commitment to diversity, equity and inclusion as a pretext to systematically discriminate based on race, gender and sexual orientation. U.S. …
A natural gas pipeline connecting to the proposed Delfin LNG project located offshore in southwestern Louisiana exploded Tuesday, according to the local emergency preparedness office. The blast on the 28-mile pipeline occurred while operators were performing routine maintenance, said Ashley …
Fraud investigations in two Southeastern states have led to the arrest or administrative leave for three public safety officers. In Alabama, two University of Alabama at Birmingham police officers have been placed on leave in connection with an investigation into …
Insurance broker WTW reported fourth quarter revenue of $2.94 billion, a decrease of 3% compared to $3.04 billion for the same period in the prior year due to the sale of TRANZACT. Q4 2025 organic revenue growth was 6%, while …
NFP Appoints Spencer as SVP, Commercial Risk, Northeast NFP, an Aon company and property/casualty broker and benefits consultant headquartered in New York City, appointed Jack Spencer as senior vice president, commercial risk, in its Northeast region. Based in West Hartford, …
Allstate posted significantly higher net and underwriting income for the fourth quarter and full year. With affordability top of mind, that leads to questions about excessive profits. Similar to Chubb’s earnings call, analysts asked Allstate CEO Tom Wilson to comment …
A Louisiana insurance agency has been ordered to pay $1.2 million in premium refunds for overcharging fraudulent fees on commercial surety bond policies. The Louisiana Department of Insurance announced that Alexander Ellsworth and his agency, Ellsworth Corporation, will pay a …