For the first time in four years, the U.S. property/casualty industry will finish a year with an underwriting profit. AM Best today in a “First Look” at US P/C financial results said the industry left 2024 with a $22.9 billion …

Unusually vicious and damaging weather across multiple U.S. states spawned violent tornadoes, blinding dust storms and fast-moving wildfires over the weekend, leaving at least 39 people dead. In the latest tally of the destruction, the Oklahoma Department of Emergency Management …

Australian pension fund Active Super has been fined A$10.5 million ($6.7 million) for making a number of misrepresentations about its environmental, social and governance credentials amid a regulator push to stamp out greenwashing. In June, the Federal Court found regulator …

Small plastic pellets washed up on the east coast of the UK, a week after two ships collided in the country’s waters. Nurdles, which are used to make plastic products and are usually just a few millimeters in size, were …

Allianz SE has agreed to sell its 26% stake in Indian joint ventures for about €2.6 billion ($2.8 billion) to local partner Bajaj Group, according to a statement. The German insurance company has entered into binding agreements with Bajaj Finserv …

Trump administration workforce cuts at federal agencies overseeing U.S. dams are threatening their ability to provide reliable electricity, supply farmers with water and protect communities from floods, employees and industry experts warn. The Bureau of Reclamation provides water and hydropower …

US executives are trying to soothe concerns that the Department of Government Efficiency’s contract-slashing spree might hurt profits, saying a modernized public sector is more likely to adopt their tools and services. DOGE, as Elon Musk’s cost-cutting initiative is known, …

Donald Trump’s executive order dismantling diversity, equity and inclusion efforts is making waves at international companies in Europe, Asia and beyond — but only on the surface. Quietly, many businesses are standing firm on diversity initiatives. Companies from Roche Holding …

Florida International University has long been known as a hurricane research center. Think: the famous Wall of Wind, the giant fan system that tests the effects of 157-mph winds on structures and materials. A much larger, stadium-sized testing facility for …

When Congress pushed ahead last year with adding 10 new daily flights to Washington D.C.’s Reagan National Airport, the Federal Aviation Administration had data showing an unnerving number of near misses in the already-crowded skies — something lawmakers apparently did …

Harvard University is imposing a temporary freeze on hiring faculty. Columbia University is grappling with cuts to $400 million in federal funding. California Institute of Technology is leaving postdoctoral positions unfilled. A University of Washington researcher is wondering about a …

A fire on an American Airlines plane after it diverted mid-flight and landed at Denver International Airport sent passengers fleeing onto a wing in a fraught evacuation amid billowing clouds of smoke. Airport officials said 12 people were taken to …

A Missouri judge has ordered Abbott Laboratories and Reckitt Benckiser unit Mead Johnson to face a new trial over allegations that they failed to warn a mother about the risks of their specialized baby formulas for premature infants, re-opening a …

James Vickers, the chairman of Gallagher Re International, announced he is retiring on May 31, 2025, after 47 years in the global reinsurance industry. “In the late 1970’s reinsurance broking was very much a transactional and relationship driven business with …

The Boston area’s public transportation agency is not immune from liability for injuries caused by an assault on a customer by one of its bus drivers who had a history that included anger management issues and a prior assault. The …

A man was charged Friday with intoxication manslaughter after five people were killed and several injured in a late-night wreck in Austin, Texas, that involved over a dozen vehicles on Interstate 35, authorities said. Authorities said that the five people …

A delivery driver has won $50 million in a lawsuit after being seriously burned when a Starbucks drink spilled in his lap at a California drive-through, court records show. A Los Angeles County jury found Friday for Michael Garcia, who …

The Texas Department of Insurance’s Fraud Unit contributed to investigations landing nearly $58 million in court-ordered restitution last year. According to TDI, more than 20 TDI investigators stationed around the state looked into over 350 insurance fraud allegations with a …

A U.S. appeals court on Friday said the Trump administration could temporarily implement a ban on diversity, equity and inclusion programs at federal agencies and businesses with government contracts, which had been blocked by a judge. The Richmond, Virginia-based 4th …

California Insurance Commissioner Ricardo Lara provisionally approved State Farm’s request for a 22% interim homeowners insurance rate hike, the California Department of Insurance announced on Friday. The approval depends on whether the company can justify the rate increase with data …