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 …
Exposed Utility Wires May Have Contributed To LA’s Eaton Fire, Law Firm Says Read More »
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 …
Net Income at Selective Insurance Drops on Unfavorable Casualty Reserve Development Read More »
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 …
Alphabet’s Waymo to Test Autonomous Driving Technology in New Cities Read More »
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 …
How Competitive Is E&S Property? Exec Views Vary Read More »
Assicurazioni Generali SpA plans to return more than €7 billion ($7.3 billion) in dividends and buy back at least €1.5 billion in shares by 2027, as Chief Executive Officer Philippe Donnet pursues growth in asset management and high-margin insurance. Italy’s …
Generali to Pay Out Over €7 Billion in Dividends by 2027 Read More »
The European Union’s drive to simplify rules will not weaken the bloc’s climate change goals, European Commission President Ursula von der Leyen said. She was speaking on Wednesday after the Commission published a plan to boost EU competitiveness, the first …
EU Says Drive to Simplify Will Not Weaken Climate Agenda Read More »
This edition of International People Moves details appointments at Lloyd’s and Ryan Re. A summary of these new hires follows here. Lloyd’s Promotes Cliff to CFO, Succeeding Keese Lloyd’s, the insurance and reinsurance marketplace, announced the appointment of Alexandra Cliff …
Theft and violence against retail workers in Britain soared to record levels last year and are “out of control,” driven partly by criminal gangs, according to a report published on Thursday. Industry body the British Retail Consortium’s annual crime survey …
Theft and Violence in UK Retail Soar to Record Levels, Survey Shows Read More »
British government departments have operated hundreds of outdated computer systems and failed to meet their own cybersecurity targets, increasing the risk of a disruptive hack, a watchdog has found. The National Audit Office, an independent parliamentary body, flagged the concerns …
UK Government Agencies Vulnerable to Cyberattacks, Watchdog Says Read More »
New Zealand plans to introduce legislation before the end of the year that will create a framework to help communities and businesses adapt to the impacts of climate change. The law will establish guiding principles and responsibilities for adaptation action, …
Flood-Prone New Zealand Says It Needs to Adapt to Climate Extremes Read More »
