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Washington Supreme Court Restores $185M Monsanto Chemical Leak Verdict
Insurance Journal | October 30, 2025
Washington Supreme Court Restores $185M Monsanto Chemical Leak Verdict
A U.S. court reinstated a $185 million verdict against Bayer’s Monsanto unit over chemical contamination at a Washington state school on Thursday. The Washington state Supreme Court reversed a lower court ruling that had vacated the verdict in a 2021 …
GM to Cut EV, Battery Production and 1,200 jobs at Michigan Plant
Insurance Journal | October 30, 2025
GM to Cut EV, Battery Production and 1,200 jobs at Michigan Plant
General Motors GM.N said on Wednesday it will cut U.S. electric vehicle and battery production and 1,200 factory jobs at its EV plant in Detroit along with 550 jobs at an Ohio battery plant as the automaker responds to a …
WTW Reports Flat Q3 Revenue of $2.29 Billion, With Organic Growth of 5%
Insurance Journal | October 30, 2025
WTW Reports Flat Q3 Revenue of $2.29 Billion, With Organic Growth of 5%
WTW reported third quarter revenue of $2.29 billion, flat with $2.29 billion for Q3 2024, which the broker attributed to the sale of its direct-to-consumer insurance distribution business, TRANZACT. WTW reported organic growth of 5% for the quarter, compared with …
Michigan Acquires Shipwreck Artifact in Unusual Settlement Agreement
Insurance Journal | October 30, 2025
Michigan Acquires Shipwreck Artifact in Unusual Settlement Agreement
The state of Michigan has acquired a life ring that washed ashore 50 years ago from the Edmund Fitzgerald, a rare artifact that strangely became part of a settlement in a lawsuit that had nothing to do with the famous …
Texas Backs Permian Gas-Fired Power Plant With $1.1B Loan as AI Demand Soars
Insurance Journal | October 30, 2025
Texas Backs Permian Gas-Fired Power Plant With $1.1B Loan as AI Demand Soars
Texas is backing a proposed Permian Basin power plant fueled by natural gas with a $1.1 billion low-interest loan, the largest such project under a state program aimed to shore up supplies after widespread blackouts in 2021. Competitive Power Ventures …
Ex-Thief Says He Warned Louvre of Security Weaknesses Around Crown Jewels
Insurance Journal | October 30, 2025
Ex-Thief Says He Warned Louvre of Security Weaknesses Around Crown Jewels
Days after thieves took just minutes to steal eight pieces of the French crown jewels from the Louvre, a former bank robber says he warned a museum official of glaring weaknesses — including jewel cases by streetside windows that were …
The Hanover Reports 75% Growth in Q3 Net Income
Insurance Journal | October 30, 2025
The Hanover Reports 75% Growth in Q3 Net Income
Third quarter net income for The Hanover Insurance Group grew to $178.7 million compared to $102.1 million during the same period a year ago. The Worcester, Massachusetts-based insurer’s Q3 combined ratio improved to 91.1 from 95.5 a year ago during …
People Moves: NFP Appoints Keefe Head of Northeast Broking
Insurance Journal | October 30, 2025
People Moves: NFP Appoints Keefe Head of Northeast Broking
NFP, an Aon company headquartered in New York City, appointed Andrew Keefe as senior vice president, Northeast broking leader. Based in Albany, New York, Keefe has nearly two decades of experience in the commercial insurance industry. He has been with …
Congress Shielded Gun Firms From Lawsuits. Some Blue States Eye Loophole.
Insurance Journal | October 30, 2025
Congress Shielded Gun Firms From Lawsuits. Some Blue States Eye Loophole.
Two decades after a Republican-controlled Congress gave gun manufacturers immunity from being sued over crimes committed with their firearms, blue state Democrats upset about gun violence think they’ve found a way to penetrate that legal shield. Since 2021, 10 states …
FBI Searched California Real Estate Firm Linked to Bad Bank Loans, Lawsuit
Insurance Journal | October 30, 2025
FBI Searched California Real Estate Firm Linked to Bad Bank Loans, Lawsuit
The FBI last month searched the offices of a California real estate investment firm Continuum Analytics, which is linked to bad loans recently disclosed by Zions and Western Alliance, according to legal correspondence seen by Reuters. Continuum Analytics is an …