Aventum, the London-based international re/insurance group, is investing $12 million over two years to create an inhouse proprietary tech function across its global operations. The group now has 25% of its global workforce employed in tech and IT functions, including …
Tech Update: Aventum Invests $12 Million to Create Proprietary Tech Function Read More »
MGM Resorts International has agreed to a $45 million to resolve a class action lawsuit over its data breaches in 2019 and 2023. Preliminary approval of the settlement was granted by a federal judge, according to documents filed Jan. 22 …
MGM Resorts to Pay $45M to Settle Data Breach Lawsuit Read More »
Police and federal safety crews are investigating after an airport vehicle struck and killed a 66-year-old worker at Charlotte Douglas International Airport this week. News sites reported that emergency personnel responded Monday morning to the accident, in which an American …
Worker Struck and Killed by Airplane Tug at Charlotte Airport Read More »
Progressive Corp. said it’s fourth quarter 2024 income increased 19% to about $2.4 billion compared to the same period the prior year. The Mayfield Village, Ohio-based insurer, in reporting financial results for December 2024 that included a 5% increase in …
Progressive Net Income More Than Doubles in 2024 Read More »
A worker died Tuesday after a house under construction in Massachusetts collapsed. According to local police, Mario Diaz Obando, 29, of Fall River, died when the house being built on Vine Street in Weymouth collapsed. Diaz and four other workers …
Worker Killed When House Under Construction Collapses in Massachusetts Read More »
Two deputy commissioners at the Alabama Department of Insurance will take on new roles in an effort to improve efficiency and outreach at the agency, Commissioner Mark Fowler announced Tuesday. Larry Chapman, with the DOI for two years, will add …
Alabama DOI Gives Deputy Commissioners New Responsibilities in Efficiency Move Read More »
A fire broke out on a plane operated by Air Busan Co. at a local airport in South Korea late Tuesday, with everyone on board evacuated. Flight BX391, departing from Gimhae International Airport, was preparing to take off from Busan …
Fire Destroys Air Busan Plane in South Korea, All 176 Evacuated Read More »
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 …
Chubb Posts Record P/C Underwriting Income for Q4 and 2024 Read More »
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 …
Climate Change Will Lead to Higher Deaths in Europe, Study Shows Read More »
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 …
