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Talanx $613.8 Million First-Quarter Profit Beats Target

Apr 26, 2024 Talanx AG reported preliminary consolidated net income of €572 million ($612.7 million), which it said exceeded consensus estimates and it may exceed its...

AM Best Revises Outlooks to Stable for Uzbekinvest Export-Import Insurance Company, JSC

Apr 26, 2024 AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B (Fair) and the Long-...

AM Best Affirms Credit Ratings of Tokio Marine GRV Re, Inc.

Apr 26, 2024 AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Tokio Marine GRV Re, Inc...

Aon Closes on $13 Billion NFP Acquisition as First-Quarter Profit Rises

Apr 26, 2024 Aon plc posted a slight rise in first-quarter net income as the group closed today on its $13 billion acquisition of broker NFP Corp. First...

Insurance Journal

Higginbotham Adds South Florida Benefits Agency to Team

Apr 26, 2024 Texas-headquartered Higginbotham, one of the largest independent insurance and benefits firms, has added Adams Benefits of Boca Raton, Florida, to its team, the company...

US Probes Tesla Recall of 2 Million Vehicles Over Autopilot, Citing Concerns

Apr 26, 2024 U.S. auto safety regulators said Friday they have opened an investigation into whether Tesla’s recall of more than 2 million vehicles announced...

NC Agent, Missouri Lawyers Convicted in $4M Tax Shelter, Insurance Scheme

Apr 26, 2024 A federal jury on Thursday found a North Carolina insurance agent and two Missouri lawyers guilty on all counts in a $4 million tax evasion scheme that...

Ban on Worker Noncompetes Faces Uphill Legal Battle

Apr 26, 2024 The U.S. Federal Trade Commission’s ban on “noncompete” agreements commonly signed by workers is likely vulnerable to legal challenges, experts said, as some...

Claims Journal

Missouri House Backs Legal Shield for Weedkiller Maker Facing Cancer Lawsuits

Apr 26, 2024 The manufacturer of a popular weedkiller won support Wednesday from the Missouri House for a proposal that could shield it from costly lawsuits alleging...

Class Action Opposes Limiting Ship’s Liability for Baltimore Bridge Collapse

Apr 26, 2024 A Baltimore small business has filed a class action against the owner and operator of the cargo ship Dali that crashed into the Francis Scott Key Bridge...

HSBC Wins $1.6 Billion Suit Over Disney Film Finance Scandal

Apr 26, 2024 HSBC Holdings Plc successfully fought off a London court claim brought by a group of investors in a £1.3 billion ($1.6 billion) lawsuit over tax breaks linked to Walt...

Report: Cybercrime ‘A Thriving Business,’ as U.S. Claims Frequency Rises

Apr 26, 2024 Cyber claims frequency in the U.S. rose 13% last year, a new report shows. Coalition this week released its 2024 Cyber Claims Report, which includes data and...