Insured losses from the Beirut port warehouse explosion are likely to total around $3 billion, similar to those from an explosion at the Chinese port of Tianjin in 2015, industry sources and analysts say...
McDonald’s Corp. said it is suing former Chief Executive Steve Easterbrook and seeking to recoup tens of millions of dollars it paid him in severance and benefits, alleging that he lied to the board about...
A judge on Monday ordered ride-hailing giants Uber and Lyft to treat their California drivers as employees instead of independent contractors, a shift that would guarantee benefits like overtime, sick...
The insurance industry is saddened to learn about the recent passing of Lee Smith on July 16, 2020 at the age of 82. Lee was a California native born at St. Joseph Hospital in Orange on August 28, 1937...
Airline and hotel executives don’t ask themselves whether corporate travel will be permanently reduced due to Covid-19. They ask themselves by how much—and the forecasts look scary.
While tourism is...
Global economic losses from natural catastrophes and man-made disasters in the first half of 2020 were $75 billion, according to Swiss Re Institute's preliminary sigma estimates. That was up from the $57...
Chubb Limited announced the appointment of Paul Krump, currently Executive Vice President, Chubb Group and President, North America Commercial and Personal Insurance, to Vice Chairman, Global Underwriting...
Roper Technologies Inc, a U.S. provider of software to several industries, is in talks to acquire private equity-owned insurance software vendor Vertafore Inc for close to $5.5 billion, people familiar...
Warren Buffett’s Berkshire Hathaway Inc. said its second-quarter earnings surged 86%, as a rebound in the stock market offset a profit decline in the company’s operations and a large write-down for...
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