Outlook Positive, AI Use on the Rise for Independent Agents, Says Nationwide July 25, 2024 Despite challenges posed by inflation, market volatility and rapidly changing technologies, independent agents remain positive about their businesses and report...
Boeing Completes Deal to Plead Guilty Over 737 Max Crashes July 25, 2024 By Julie Johnsson, Allyson Versprille and Madlin Mekelburg Boeing Co. has completed an agreement with the US government to plead guilty to criminal conspiracy in connection with two...
Insured Losses From CrowdStrike Outage Could Reach $1.5B, CyberCube Says July 25, 2024 By Carolyn Cohn Global insured losses from last week’s massive IT outage are likely to range from $400 million to $1.5 billion, cyber...
How a Perfect Storm Sent Church Insurance Rates Skyrocketing July 25, 2024 By Bob Smietana The Rev. John Parks was taking his first sabbatical in 40 years of ministry when he got a call from...
Hurricanes Get the Headlines But Inland Flooding Tops the Disaster List July 25, 2024 By Seth Borenstein Floyd County keeps flooding and the federal government keeps coming to the rescue. In July 2022, at least 40 people...
Senate Democrats Seek to Reverse Supreme Court Curb on Regulatory Agency Power July 25, 2024 By Nate Raymond Democratic U.S. senators on Tuesday introduced a bill designed to undo a ruling last month by the U.S. Supreme Court...
Secret Ratings Show US Regulator’s Concern on Banks’ Handling of Risks July 25, 2024 By Hannah Levitt and Katanga Johnson A key US regulator has privately found half of the major banks it oversees have an inadequate grasp of a...
Global Q2 Commercial Insurance Rates Remain Flat, Ending 7 Years of Price Hikes: Marsh July 24, 2024 Global commercial insurance rates remained flat during the second quarter of 2024 (down from a 1% increase in Q1 2024),...
WR Berkley CEO: Losses From Tech Outage Expected to Be ‘Manageable’ July 24, 2024 By Chad Hemenway W.R. Berkley CEO W. Robert Berkley, Jr. said the company does not see last week’s global network systems outage “being...
J.D. Power: Auto Insurance Shopping Hits New High, Could Drop With Rate Adequacy July 24, 2024 The national auto insurance shopping and quoting rate reached a new high between April and June, but many insurers appear...