DAYTONA BEACH, Fla. (AP) — Brown & Brown Inc. (BRO) on Monday reported fourth-quarter net income of $210 million, down from 2023’s Q4 results, but year-end results for 2024 were well above 2023’s numbers. On a per-share basis, the Daytona …

Marsh McLennan reported fourth quarter net income of $788 million, compared with $756 billion during Q4 2023. For the full-year 2024, MMC had net income of $4.1 billion, compared with $3.8 billion reported for FY 2023. Operating income for the …

Safety regulators fined a GE appliance manufacturer the maximum amount allowed by law in the 2024 death of an Alabama worker who was killed after the company ignored standard safety procedures, the U.S. Occupational Safety and Health Administration said this …

The collision between an American Airlines Group Inc. regional jet and a military helicopter near Ronald Reagan airport in Washington left no survivors on board the two aircraft, authorities said, making it one of the most deadly US air disasters …

Fortress Investment Group is seeking to raise about $1 billion for its latest fund in litigation finance, a sector in which it’s becoming a powerhouse, according to people familiar with the matter. The new fund, dubbed Fortress Legal Assets Fund …

A law firm representing victims of the Eaton Fire in Los Angeles has submitted photos with a legal filing on Wednesday that appear to show exposed wire at the base of a Southern California Edison tower that the firm alleges …

Selective Insurance Group reported a 24% drop in fourth quarter 2024 net income as its chief executive admitted the year did “not meet expectations.” Fourth quarter net income was $93.2 million compared to $122.5 million a year ago. Net income …

Alphabet’s self-driving unit Waymo announced on Wednesday it plans to expand testing of its autonomous driving technology in over 10 new cities in 2025. After testing the Waymo Driver in multiple cities, the company says the technology is adapting successfully …

E&S property insurance market conditions were a recurring talking point on two recent earnings conference calls, but the leaders of specialty insurers offering commentary were not perfectly in lockstep in their assessments of the competitive landscape. At RLI Corp., property …

Chubb posted record property/casualty underwriting income of about $1.6 billion, up 3.8% during the last quarter of 2024. Fourth quarter net income was down 22% to about $2.6 billion compared to the same period a year ago, but the Whitehouse …

As Europe gets hotter, more people are expected to die from extreme heat, outweighing the reduction in those killed by very cold weather. Cities in northern European regions such as the UK and Ireland and Scandinavia would see an overall …

Ignite Specialty Risk Names Patel as US Head of Intellectual Property Underwriting Ignite Specialty Risk, headquartered in London, appointed Ankit Patel as U.S. head of intellectual property (IP) underwriting. With more than a decade of experience, Patel specializes in contingent …

Any pet owner who has been hit by sticker shock at the vet’s office understands why pet insurance is a booming business. Pet health insurance purchases have been up over the last several years, dramatically expanding premiums for the inland …

Economic losses from hurricanes and other natural disasters soared in the U.S. last year and were above average globally, reflecting another year of costly severe storms, floods and droughts. Damage caused by Hurricanes Helene and Milton helped push total economic …

A pharmacy benefits manager bill passed by the Mississippi House of Representatives last week may have little impact on drug costs in the state’s workers’ compensation system, even if that is part of the bill’s intent. “The problem is, drug …

New York’s Long Island was once synonymous with “duck” in the culinary world. Now it may lose its last commercial farm. The avian flu outbreak that has led to the slaughter of millions of birds at U.S. poultry farms and …

Brooks Insurance hired Tiffani Ann Garabedian as senior vice president of underwriting. Garabedian is based in Los Angeles. Garabedian has nearly 20 years of insurance industry experience, most recently serving as a territory manager with Nationwide for the Northeast region. …

More than four years after his death, Richard Lapointe’s family is set to receive a nearly $5.9 million award from Connecticut for his wrongful, quarter-century imprisonment that ended in 2015 when his murder conviction was overturned in the rape and …

Climate change made Southern California’s dangerous wildfire conditions in early January 35% more likely than they would have been before the industrial era, according to a new analysis by the scientific group World Weather Attribution. Greenhouse gas pollution raised temperatures, …

A Pierce County, Washington, man has been ordered to pay back more than $60,000 to Washington’s workers’ compensation fund after videos reportedly showed he was working and carrying heavy objects in the years he was allegedly unable to work from …