Author: completebodyneeds

First quarter 2026 net income at The Hartford increased 36% to about $851 million as catastrophe losses during the period were half the amount of the same time a year ago. Pretax catastrophe losses for Q1 were about $230 million, driven by winter storms and severe convective storms. Catastrophe losses were $467 million for Q1 2025, mostly due to the Los Angeles wildfires. The Hartford on April 23 reported that its business insurance segment generated $536 million of the net income total for Q1. Net written premiums in business insurance increased 6% compared with a year ago to about $3.9…

The U.S. Supreme Court is set on Monday to consider Bayer AG’s effort to shut down thousands of lawsuits accusing the company of failing to warn users that the active ingredient in its Roundup weedkiller causes cancer. The justices are due to hear arguments in Bayer’s appeal of a jury verdict in Missouri state court awarding $1.25 million to a man named John Durnell who said he was diagnosed with non-Hodgkin lymphoma after years of exposure to glyphosate in Roundup. Bayer contends that a federal law governing pesticides should prevent failure-to-warn claims like Durnell’s that are brought under state law…

The conflict in the Middle East has disrupted supplies of crucial raw materials and pushed up prices of the printed circuit boards (PCB) used in almost all electronic devices, from smartphones and computers to AI servers, industry sources and executives said. The disruption is a fresh blow to electronics manufacturers which are already grappling with soaring memory chip costs and highlights the broadening impact of the Iran war that has wreaked havoc on supply chains, plastics, and oil supplies. Iran struck Saudi Arabia’s Jubail petrochemical complex in early April, forcing a halt in production of high-purity polyphenylene ether (PPE) resin…

American International Group Inc. made it official with an announcement today that Eric Anderson will become president and CEO on June 1. Most recently a member of Aon Plc’s executive committee, Anderson will succeed current AIG CEO Peter Zaffino, who will become executive chair of the company’s board of directors. AIG previously announced the succession plan in January. Anderson joined AIG in February. The announcement on April 27 marked the “successful conclusion” of the plan, AIG said. The company provided no explanation for the transition. Zaffino took over as CEO of AIG in March 2021, succeeding Brian Duperreault. “Serving as…