Insurance

The U.S. homeowners insurance segment suffered a $15.2 billion underwriting loss in 2023, more than double the loss seen in the previous year and the line’s worst underwriting results since at least 2000, according to a new AM Best report. …

Indivior reached an $86 million settlement with 16 U.S. states over the drug manufacturer’s alleged role in spreading opioid addiction across the United States, New York Attorney General Letitia James said on Friday. James said the settlement in principle concerned …

Aspen, the Bermuda-based re/insurer, announced changes to its leadership, effective Aug. 1, 2024, aiming to create stronger, more accountable executive roles that are more responsive to the current priorities of Aspen. Under the new structure, Christian Dunleavy has been appointed …

A number of fiber optic cables carrying broadband service across France’s southern and eastern regions were cut overnight in the latest attack on the country’s infrastructure during the Olympic Games. SFR said five lines were cut overnight and teams are …

JASPER, Alberta (AP) — A wildfire that has destroyed hundreds of structures in the town of Jasper is the largest blaze recorded in Jasper National Park in a century and could still be burning months from now, a Parks Canada …

Flights to and from Beirut airport were canceled or delayed on Monday as tensions escalated between Israel and armed political group Hezbollah after a strike in the Israeli-occupied Golan Heights killed 12 children and teenagers. Lufthansa, Swiss and Eurowings of …

The Texas oil regulator said it’s investigating after several earthquakes hit the Permian Basin last week. Extremely salty water that naturally comes out of oil wells is discarded by injecting the slurry back into the ground, a practice that has …

Euro zone banks have “room for improvement” in their cyber security, starting with how they would keep their business running after a hack, the European Central Bank said on Friday. The ECB’s first ever cyber risk stress test was launched …

BMS Group, the London-based independent specialist re/insurance broker, has entered into an agreement to acquire David Roberts & Partners (DR&P) from private equity firm Inflexion. Financial details of the deal were not disclosed. Founded in 1977, DR&P is one of …

After NextEra proposed a wind farm in Greeley County, Nebraska two years ago, Robert Bernt, a dairy farm owner in the area, helped to mobilize community members against the idea. His group held town hall meetings and ran ads on …