Insurance
Lemonade Posts Another Quarterly Loss but Car Growth Continues
Insurtech Lemonade reported a second quarter 2025 net loss of about $44 million compared with a loss of $57.2 million a year ago during the same time. Though still a loss, it was a 23% improvement from the prior year, …
Read More California Wildfire Burns 72,460 Acres, Threatens Hundreds of Structures
A wildfire in California that covers two counties, and prompted evacuation orders and threatened hundreds of structures, has grown to 72,460 acres. The fire is threatening more than 870 structures, according to CalFire. At least three people have been injured …
Read More People Moves: Berkley Re UK Names Ashley as President, Succeeding Himmer at Year-End; Aon Promotes Laing and Moore in Reinsurance Leadership Team
This edition of International People Moves details appointments at Berkley Re UK and Aon. A summary of these new hires follows here. Berkley Re UK Names Ashley as President, Succeeding Himmer at Year-End W. R. Berkley Corp. announced the appointment …
Read More Rotten Wood, Poor inspections Led to Deadly Maine Schooner Mast Collapse
Rotten wood and poor inspections appear to have played roles in the collapse of the mast of a historic Maine schooner in an accident that killed one person and injured several others, the U.S. Coast Guard said in a report …
Read More Business Moves: Private Equity Firm J.C. Flowers Acquires Italian Insurance Broker Caleas; UIB International Sells Minority Stake in UIB Insurance Brokers (India)
Private Equity Firm J.C. Flowers Acquires Italian Insurance Broker Caleas J.C. Flowers & Co. (JCF), a private equity investment firm that focuses on financial services investments, announced that investment vehicles affiliated with JCF — JCF Funds — have acquired Caleas …
Read More Four Gabriel House Residents Sue Over Assisted Living Facility’s Deadly Fire
Two lawsuits have been filed over the tragic fire at a Fall River, Massachusetts assisted living facility that took the lives of 10 residents and injured 30 others on July 13, making it the state’s deadliest residential fire in decades. …
Read More Hong Kong Sets Rainfall Record as Deluge Disrupts Flights
Hong Kong set a rainfall record for August after violent storms lashed the city on Tuesday, leading to flight delays and commuter chaos. About 356 millimeters (14 inches) of precipitation was recorded at the Hong Kong Observatory’s headquarters through to …
Read More Air Lease Profit, Revenue Rise on Insurance Payout and Aircraft Demand
Aircraft lessor Air Lease Corp. reported a rise in second-quarter profit and revenue on Monday, due to a $344 million insurance claim settlement plus robust aircraft rental demand. Aircraft lessors have benefited from strong lease rates as airlines rush to …
Read More Trump Media CEO Nunes Loses Defamation Lawsuit Over Rachel Maddow Show
A federal judge dismissed a defamation lawsuit by Devin Nunes, the former California congressman and now chief executive of Trump Media and Technology Group, against NBCUniversal over a comment by Rachel Maddow about his dealings with a suspected Russian agent. …
Read More US Weather Boss During ‘Sharpiegate’ Nears Return to NOAA
Days after floods killed at least 135 people in Texas Hill Country, weather scientist Neil Jacobs appeared before a Senate committee as the nominee to lead the US agency that oversees forecasting. He vowed to create a cutting-edge weather modeling …
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