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...
Hackers Leak Documents From Pentagon IT Services Provider Leidos July 24, 2024 By Charles Gorrivan Hackers have leaked internal documents stolen from Leidos Holdings Inc., one of the largest IT services providers to the US...
US Judge Will Not Block FTC Ban on Worker ‘Noncompete’ Agreements July 24, 2024 By Daniel Wiessner and Brendan Pierson A federal judge on Tuesday rejected a bid by a tree-trimming company to block a U.S. Federal Trade Commission rule...
Applied Systems Acquires Insurance AI Platform Planck July 24, 2024 Insurance software firm Applied Systems reports that it has acquired Planck, a leading artificial intelligence (AI) company for the insurance...
Chubb Q2 Net Income Up 24% to $2.2B July 24, 2024 By Chad Hemenway Chubb said second quarter net income was up more than 24% to about $2.2 billion despite higher catastrophe losses than...