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Lloyd’s Probing Conduct of Ex-CEO Who Had Been Set to Join AIG
Insurance Journal | November 19, 2025
Lloyd’s Probing Conduct of Ex-CEO Who Had Been Set to Join AIG
Lloyd’s of London is investigating its former chief executive officer, John Neal, who was set to start at American International Group Inc. next month before the company disclosed he’s no longer joining due to “personal circumstances.” Lloyd’s Chairman Charles Roxburgh …
AM Best Downgrades State Farm Mutual Auto
Insurance Journal | November 19, 2025
AM Best Downgrades State Farm Mutual Auto
AM Best has downgraded the financial strength ratings of State Farm Mutual Automobile Insurance Company and its affiliates to A+ from A++, reflecting a revision to Best’s assessment of the group’s operating performance. The affiliates included in the rating action …
Former Florida Broker and Texas Man Convicted in ACA Scheme That Paid $180M
Insurance Journal | November 19, 2025
Former Florida Broker and Texas Man Convicted in ACA Scheme That Paid $180M
A federal jury in south Florida this week convicted a formerly licensed insurance broker and the head of a marketing firm for their roles in a years-long scheme to fraudulently enroll homeless people in Affordable Care Act insurance plans. Cory …
HP Seeking $1.8 Billion From Mike Lynch’s Estate After UK Autonomy Lawsuit
Insurance Journal | November 19, 2025
HP Seeking $1.8 Billion From Mike Lynch’s Estate After UK Autonomy Lawsuit
Hewlett Packard Enterprise is seeking nearly $1.8 billion from the estate of the late Mike Lynch over HP’s acquisition of his British tech firm Autonomy, the U.S. technology giant’s lawyers told London’s High Court on Tuesday. Hewlett Packard is seeking …
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 …