Insurance news

Fox Group President Rupert Murdoch has sworn under oath to admit that some Fox hosts have "endorsed" the notion that the 2020 US presidential election was stolen, according to an undisclosed court filing sealed on Monday. by Murdoch, The confirmation is included in the filings...

US payments giants Visa and Mastercard are shedding plans to forge new partnerships with crypto firms after a series of famous crashes shook confidence in the industry, people familiar with the matter said. with the matter told Reuters. The crypto industry has seen an incredible...

Progressive Corp. posted a full-year 2022 net income of $721.5 million, down about 78% from the previous year's net income of $3.35 billion, due to their portfolio losses. However, CEO Tricia Griffith in a letter to shareholders said the insurance business grew solidly into 2022,...

Late last year, State Farm executives announced that the auto giant would record the largest underwriting loss in its 100-year history in 2022. On Monday, the news broke. become official with a hefty figure attached: $13 billion. “We missed the severity. We didn't anticipate inflationary...

Drivers in the United States hit and killed 3,434 people in the first half of 2022 - a 5% increase, or 168 deaths, according to a new analysis from the Governors Highway Safety Association (GHSA). period of the previous year. This deeply disturbing forecast comes...

Professional liability insurers for architects and engineers are planning to raise additional rates to keep up with costs, according to a new survey from professional broker Ames & Gough. increased compensation, a backlog of lawsuits, labor shortages, nd supply chain disruptions. Ames & Gough said...

Exxon Mobil Corp. initially failed to report the extreme greenhouse gas methane release in the Permian Basin that occurred in early February, in violation of state rules. Incidents at the company's facility in New Mexico were reported after reviewing third-party satellite imagery. Exxon is the...

Ryan Specialty reported fourth-quarter net income up 54.6% year-over-year, while revenue outstripped Q4 2021 by 14.9%. The Chicago, Illinois-based specialty insurer posted fourth-quarter net income of $45.8 million, compared with $29.6 million in the same period last year. Revenue grew to $435 million, up from...

The White House has announced a new national cybersecurity strategy to make the digital ecosystem more resilient, including a more aggressive stance against malicious cyber actors and shifting responsibility to " institutions that are most able and in the best position to reduce the risk...