Insurance

Tampa-based HCI Group, the holding company for Homeowners Choice and TypTap property insurance companies, reported a $15.7 million net income in the third quarter, a strong improvement over Q3 last year, when the group saw a $52 million net loss. …

Cruise is recalling 950 driverless cars from the roads across the United States following a crash involving one of its robotaxis and will likely issue more recalls, General Motors’ self-driving unit said. The cars are being recalled because the collision …

CHARLESTON, W.Va. (AP) — A lawsuit filed by inmates who described conditions at a southern West Virginia jail as inhumane has been settled, a federal judge said Tuesday, a week after a magistrate judge said some records in the suit …

Applied Underwriters has launched a new holding company called “United Risk,” which brings together the company’s MGA and MGU businesses under a single brand. Former SiriusPoint executive Dan Malloy has been named CEO of the new unit. “Under Dan Malloy’s …

A radio reporter taken into custody while covering a demonstration the night two sheriff’s deputies were shot three years ago reached a $700,000 settlement with Los Angeles County. The Los Angeles County Board of Supervisors approved the payout to Josie …

Shell is suing Greenpeace for $2.1 million in damages after the environmental group’s activists boarded the company’s oil production vessel in transit at sea this year, according to Greenpeace and a document seen by Reuters. The British oil and gas …

Several days after he was found guilty of one of the biggest financial frauds on record, FTX founder Sam Bankman-Fried dropped an insurance coverage lawsuit against excess insurance company Continental Casualty Co. Shortly before his trial began in early October, …

This edition of International People Moves details appointments at brokers Ardonagh Specialty (and its reinsurance unit Inver Re) and Aon. A summary of these new hires follows here. Ardonagh Specialty Taps Gallagher Re’s Marsh as Deputy CEO of Bermuda, Inver …

Democrat Dan McCaffery won an open seat on Pennsylvania’s Supreme Court in Tuesday’s general election, preserving a strong Democratic majority on a panel that has produced several critical election-related rulings in the presidential battleground state. The seven-member bench, which will …

Nearly 1 million chickens on a Minnesota egg farm will be slaughtered to help limit the spread of the highly contagious bird flu after it was confirmed there, officials said Monday. The U.S. Department of Agriculture announced that the virus …