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Midwest States Reel from Severe Storms

3 months ago
Floodwaters from record rainfall in Wisconsin inundated streets Wednesday, trapping drivers and forcing officials to close sections of a highway, as other Midwestern states worked to rebuild after storms. Cars were stranded in high floodwater on a highway in Milwaukee …
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Reinsurers Least Successful Acquirers in Industry M&A: Analysis

3 months ago
A recently released analysis of insurance carrier and reinsurer mergers and acquisitions finds that 75% of recent deals featuring reinsurers and multiline insurers as buyers destroyed value for shareholders. The report, “Carrier Mergers & Acquisitions: Drivers, Implications & Outcomes,” published …

Mythos Poses Risk to SEC Market-Tracking Database, Group Says

3 months ago
Anthropic PBC’s new artificial intelligence model Mythos could put traders and the broader financial system at risk through a Securities and Exchange Commission database, the American Securities Association said Thursday. The financial-industry trade group warned of the potential for bad …
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Three Sentenced in Bear-Suit Attacks Insurance Fraud Case

3 months ago
An insurance fraud scheme involving a bear costume, luxury vehicles and falsified damage claims has ended in convictions for three Los Angeles area residents. A California Department of Insurance investigation began after an insurance company suspected fraud after insureds claimed …
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