Fourth quarter 2025 underwriting income in American International Group’s (AIG) General Insurance segment increased 48% compared with the prior year, to $670 million. The unit, which includes North America commercial, International commercial, and global personal—recorded $125 million in catastrophe-related charges …
AIG Underwriting Income Up 48% in Q4 on North America Commercial Read More »
The EPA has identified the chemical compound spilled in Garnett, Kansas, on Dec. 31, 2025. Recent laboratory analysis corroborates EPA’s preliminary field screening results with a “high level of confidence” that the corrosive substance was sodium aluminate, the agency said. …
EPA Identifies Spilled Chemical Compound That Affected 260 Cars in Kansas Read More »
A Texas judge’s move to strike down a state law blacklisting “woke” financial firms, including BlackRock and HSBC, that used environmental, social or governance factors in investment decisions will likely drive a broader push to repeal so-called “anti-ESG” laws in …
Rejection of Texas Law Blacklisting ‘Woke’ Firms Could Challenge Other Anti-ESG Laws Read More »
Liberty Mutual Group Inc.’s asset-management arm agreed to back Ara Partners’ infrastructure and energy strategies, in the latest partnership between an insurer and an alternative investment firm. The collaboration includes an anchor commitment to Ara’s new energy fund as well …
Liberty Mutual to Partner With Net-Zero Focused PE Firm Ara Read More »
South Carolina’s Safe Home Mitigation Program today, Feb. 10, began accepting applications for a new round of funding for resiliency grants. The program, which provides up to $6,000 in matching grants and up to $7,500 in non-matching grants, received additional …
SC Wind Mitigation Grant Program Now Open for New Applications Read More »
President Donald Trump threatened to block the opening of a new bridge that connects Michigan and Ontario until the US was given compensation and ownership of half of it, saying he’d start negotiations immediately. “I will not allow this bridge …
Trump Threatens to Block Detroit-Canada Bridge in New Row Read More »
Shreveport, Louisiana-based Minden Seafood, LLC, and Dorcheat Seafood, LLC, operators of restaurants Minden Seafood and Dorcheat Seafood and Grill, will pay a former employee $34,000 in back pay and emotional distress damages to settle a sexual harassment lawsuit filed by …
Louisiana Restaurants to Pay $34K in Sexual Harassment Lawsuit Read More »
Greece and Malta have emerged as the main obstacle to a European Union proposal to replace a Russian oil price cap with a ban on the services needed to ship the fuel. The two southern European countries raised concerns about …
Greece and Malta Hesitate Over EU’s Russia Oil Services Ban Read More »
Florida’s Chief Financial Officer, who quickly showed his cards on wasteful and fraudulent spending at the local level, has now announced a crackdown inside his own and other state government departments, related to fraudulent insurance claims. CFO Blaise Ingoglia said …
Six Charged in $1.7M Damage Claims Scheme With Florida Government Read More »
American International Group announced on Friday it has completed the acquisitions of strategic minority ownership stakes in Convex Group Ltd., a privately held, global specialty re/insurer, and Onex Corp., a publicly traded global asset manager. AIG acquired an approximately 35% …
AIG Completes Purchase of Minority Stakes in Re/Insurer Convex and PE Firm Onex Read More »
