Industry News
Australian Ethical Investment Ltd., a pension fund with about A$14 billion ($10 billion) under management, is pressuring QBE Insurance Group Ltd. over the potential threat extreme weather poses to future profitability. The fund, which holds about A$65 million of QBE …
Via: Claims Journal
Brown & Brown acknowledged that the cost of the Howden-driven talent war has risen to $31 million in annual revenue. “At the end of March, the startup [Howden] has taken customers representing approximately $31 million of annual revenue as compared …
Via: Claims Journal
A United Airlines Holdings Inc. plane grazed a vehicle and light post on an adjacent highway in its final approach to Newark Liberty International Airport on Sunday, the latest in a string of incidents that have put the spotlight on …
Via: Claims Journal
A federal judge overseeing thousands of cancer lawsuits against Bayer AG and its Roundup weedkiller said he had “grave concerns” about whether a proposed $7.25 billion class-action settlement in Missouri could properly address future claims outside the state. At a …
Via: Claims Journal
The U.S. state of New Mexico on Monday asked a judge to declare Meta Platforms a public nuisance, order the company to pay $3.7 billion and overhaul its Facebook, Instagram and WhatsApp platforms to protect young users. “Across the country, …
Via: Claims Journal
During the recent Berkshire Hathaway annual meeting, CEO Greg Abel told shareholders that the conglomerate’s decisions on investments and acquisitions depend on several factors, highlighting price relative to risk as one of them. See related article: Details TBD: Berkshire’s Jain, …
Via: Claims Journal
The California Department of Insurance is taking action against State Farm over an investigation that reportedly shows the carrier has been mishandling insurance claims from the January 2025 Los Angeles wildfires. A CDI filing alleges violations of the Unfair Insurance …
Via: Claims Journal
Hundreds of tankers, bulk carriers and cargo ships are still languishing in the Gulf, and countries in the region have shuttered significant oil production.
Via: Claims Journal
An attorney representing the Trump administration informed a U.S. District Court Friday evening that the Federal Emergency Management Agency has begun offering new appointments to disaster workers whose contracts the agency did not renew in January, reversing a controversial decision …
Via: Claims Journal
Leslie Clark isn’t counting on money from the Maui wildfire settlement to help rebuild her family home near Front Street in Lahaina. Worrying about something out of her control “is not good for your health,” said Clark, 62, who lost …
Via: Claims Journal