Insurance

American International Group said first quarter 2023 underwriting income in its general insurance segment was $502 million, “representing the strongest first quarter underwriting results AIG has achieved,” said CEO Peter Zaffino. Net premiums written in general insurance increased 5% to …

One potential consequence of California’s ballooning budget deficit: Higher taxes for businesses, with increases possible every year for the next decade. Business owners pay a tax on each of their workers. The money goes into a fund that states use …

A federal jury has awarded a Georgia couple $135.5 million for damages to their property by a Tennessee-based solar company and its contractor. The award against Silicon Ranch Corp. and its contractor, IEA Inc., was announced Friday by James E. …

The death of four horses at Churchill Downs over a span of five days has overshadowed preparations for the Kentucky Derby. Two horses trained by Saffie Joseph Jr. collapsed on the track and died over the past week. Two other …

A Massachusetts man who spent 32 years in prison after he was wrongfully convicted of setting a fire that killed eight people will receive $13 million from the city where he was arrested. “One of the things for me to …

Two 10-year-olds are among 300 children who worked at McDonald’s restaurants illegally, a Labor Department investigation of franchisees in Kentucky found. Agency investigators found the 10-year-olds received little or no pay at a McDonald’s in Louisville, the Labor Department said. …

The body of a worker who died in an explosion at a Newburyport, Massachusetts chemical plant has been recovered and identified. The deceased has been identified by his family in media reports as Jack O’Keefe of Methuen The body was …

Aon plc, the global professional services firm, has launched a Climate Risk Advisory team to provide physical risk diagnostics and advisory services, aiming to help financial institutions, public sector entities and firms with large real estate holdings to make better …

More than half of the 22 oil tankers in Venezuela’s fleet are so run down that they should be immediately repaired or taken out of service, according to an internal report from state-run oil company PDVSA that was shared exclusively …

Three out of four Americans believe gun owners should be required to have firearm liability insurance. Those are the numbers out of a new ValuePenguin survey of 1,995 people ages 18 to 77 exploring attitudes about the role insurance could …