Excessive Litigation Causes Surge in Liability Insurance Costs: Marsh McLennan CEO July 18, 2025 By L.S. Howard Excessive litigation and abuse of the U.S. legal system are effectively imposing a tax on the U.S. economy and causing...
Ford Recalls Over 694,000 SUVs After Year-Long Fuel Leak Probe July 18, 2025 Ford is recalling 694,271 crossover SUVs in the United States due to a fuel leak issue that could increase the...
Former AIG Exec McElroy Faces Sexual Assault Charges in Vermont July 18, 2025 By Chad Hemenway American International Group (AIG) on July 16 made a splash with the announcement that it had hired former Lloyd’s CEO...
NHTSA Shedding More Than 25% of Employees July 18, 2025 By David Shepardson The U.S. auto safety agency is shedding more than 25% of its employees under financial incentive programs to depart the...
Cybersecurity Bosses Grow Increasingly Worried About AI Attacks and Misuse July 17, 2025 By Cameron Fozi Nearly a quarter of cybersecurity bosses said their companies have experienced an attack powered by artificial intelligence in the past...
Allstate Expects Another $2B Catastrophe Losses in Q2 July 17, 2025 Prior to reporting second-quarter results later this month, Allstate said today it expects slightly lower catastrophe losses in the second...
Marsh McLennan Reports Q2 Organic Revenue Growth of 4%, Down From Q2 2024 July 17, 2025 By L.S. Howard Marsh McLennan reported consolidated revenue during the second quarter of 2025 of $7.0 billion, an increase of 12% from $6.2...
Travelers Q2 Net Income Soars on Less Losses, Favorable Reserves July 17, 2025 By Chad Hemenway The Travelers Cos. increased second quarter net income $975 million for a total of about $1.5 billion, and reversed an...
Insurance Supervisors’ Group Seeks Collaboration to Cover Disaster Losses July 17, 2025 By Erica Yokoyama Collaboration between the public and private sectors, beyond just insurance, is essential to narrowing the so-called protection gap, as losses...
Trump Administration Sued by States for Cutting Disaster Prevention Grants July 17, 2025 By Daniel Wiessner A group of 20 mostly Democrat-led U.S. states filed a lawsuit on Wednesday seeking to block the Trump administration from...