April 16, 2025
China is tightening regulations on battery-powered vehicles and will require its automakers to comply with higher battery safety standards, aiming to reduce risks of fire and explosions in the fast-growing sector. The Ministry of Industry and Information Technology on Monday Read more…
The Travelers Cos. said first quarter 2024 fell 65% on an underwriting loss of $305 million. Travelers posted first quarter net income of about $395 million compared to about $1.1 billion during the first quarter of 2024. The underwriting loss Read more…
First quarter net income at Progressive Corp. increased 10% compared to the same period a year ago to about $2.6 billion. Progressive reports results monthly. Net income for March was down 42% to $522 million. The Mayfield Village, Ohio-based insurer’s Read more…
A Swedish probe found no conclusive evidence to suggest that a Chinese ship had deliberately dragged its anchor to damage two Baltic Sea cables, Sweden’s Accident Investigation Authority said on Tuesday, though a separate investigation remains under way. The Yi Read more…
Alphabet’s Google is being sued in Britain for potential damages of up to 5 billion pounds ($6.6 billion) in a class action alleging the company abused its dominant market position in the online search industry. The class action, filed at Read more…
Markel, the insurance operations within Markel Group Inc., announced it has agreed to purchase The MECO Group Ltd. (MECO), subject to regulatory approval. Financial details of the transaction were not disclosed. Founded in 1974, MECO is a leading, independent specialist Read more…
Zurich North America, headquartered in Schaumberg, Illinois, hired Jeannie Sullivan as head of technology for its U.S. middle market team. She will report to Stan Bernard, head of industry practices for U.S. middle market at Zurich, a leading provider of Read more…
Venbrook Group launched a new corporate benefits and specialty health division and named Alison Myers its president. The division is an expansion of the firm’s employee benefits practice. Myers was most recently executive vice president of the employee benefits practice. Read more…
A series of aviation accidents has rattled flyers enough to drag down ticket sales at the start of the year, contributing to lower financial expectations at major US airlines. And who can blame them? January’s fiery mid-air collision of an Read more…
Three law students on Tuesday sued a U.S. civil rights agency, claiming that its probe into diversity policies at 20 large law firms is illegal and could expose the personal information of lawyers and job applicants. The lawsuit filed in Read more…