How Does Food Safety Work, and What Cuts Has Trump Made? May 9, 2025 By Leah Douglas and Tom Polansek Recent actions by President Donald Trump’s administration, including staff cuts at the Food and Drug Administration, have raised questions among...
Commercial Property Customers Cutting Insurance Corners Despite Risk May 9, 2025 As weather-driven catastrophes become more common and severe, commercial property owners and the agents who serve them are reassessing risks...
Acting FEMA Chief Is Ousted After Less Than 4 Months May 8, 2025 By Chad Hemenway Less than a month before the start of hurricane season, the acting administrator of the Federal Emergency Management Agency has...
Liberty Mutual Q1 Net Income Down 33% May 8, 2025 Liberty Mutual Holding Company Inc. booked consolidated first quarter 2025 net income of about $1 billion, down about 33% from...
Root Builds on First Profitable Year With Reversal of Q1 Loss to Start 2025 May 8, 2025 By Chad Hemenway Root Inc. reported first quarter net income of $18.2 million to build off results of 2024—its first profitable year. The...
Apollo’s Aspen Insurance Raises $397.5 Million in US IPO May 8, 2025 Aspen Insurance priced its New York initial public offering within its marketed range on Wednesday, raising $397.5 million for the...
Trump’s Plan to Fix Air Traffic Control Faces Huge Hurdles May 8, 2025 By David Shepardson and Rajesh Kumar Singh U.S. Transportation Secretary Sean Duffy on Thursday will call for tens of billions of dollars to overhaul America’s strained air...
Lloyd’s Promotes Chief of Markets Tiernan to CEO, Succeeding Neal May 8, 2025 Lloyd’s, the re/insurance marketplace, announced that Patrick Tiernan has been appointed as chief executive officer by the Council of Lloyd’s,...
UnitedHealth Sued by Shareholders Over Reaction to Backlash From Executive’s Killing May 8, 2025 By Jonathan Stempel UnitedHealth Group was sued on Wednesday for allegedly concealing how backlash from the killing of a top executive was damaging...
Viewpoint: Challenging P/C Market Generates Opportunities for Surplus Lines’ Writers May 8, 2025 By David Blades The U.S. surplus lines market notched double-digit year-over-year (YoY) premium growth from 2018-2023, as wholesale brokers tapped this market with...