US Congress to Form Cryptocurrency Working Group February 5, 2025 By Douglas Gillison U.S. Representative French Hill, a Republican who chairs the House Financial Services Committee, said on Tuesday lawmakers from both chambers...
‘It’s Surreal’: Trump’s Freeze on Climate Money Sows Fear and Confusion February 4, 2025 By Zahra Hirji and Danielle Bochove When President Donald Trump’s administration last week shut off the spigot of federal grant money, which a federal judge said...
Sica Fletcher Index: Total Agency-Broker M&A Revenue Down 26% in 2024 February 4, 2025 The 22 acquirers that make up the Sica Fletcher Index were involved in 533 agent-broker deals in 2024, down 6%...
WTW Reports Net Loss in 2024 With Organic Revenue Growth of 5% February 4, 2025 By L.S. Howard WTW reported net Income for the fourth quarter of 2024 of $1.25 billion, compared to net income of $623 million...
Bessent to Be Acting CFPB Head, Pauses Rules and Litigation February 4, 2025 By Saleha Mohsin and Paige Smith Treasury Secretary Scott Bessent is now the acting head of the US Consumer Financial Protection Bureau, signaling a potential shift...
Viewpoint: Delegated Underwriting Authority Enterprises Offer Insurers Competitive Edge February 4, 2025 By Dawn Walker The growing adoption of data-driven underwriting and predictive analytics has given delegated underwriting authority enterprises (DUAEs) a competitive advantage within...
Securities Class Actions Increase Again in 2024; AI-Related Filings Double February 4, 2025 The number of securities class action filings increased for the second consecutive year in 2024, with artificial intelligence (AI)-related filings...
AI, Cybercrime Perceived as Top Insurance Risks: Kennedys February 4, 2025 Artificial intelligence, cyberattacks or outages, and extreme weather events are the risks partners at global insurance law firm Kennedys perceive...
LinkedIn Lawsuit Over Use of Customer Data for AI Models Is Dismissed February 3, 2025 By Jonathan Stempel A proposed class action accusing Microsoft’s LinkedIn of violating the privacy of millions of Premium customers by disclosing their private...
The Hartford Sees Q4 Net Income Rise 11%, Strengthens GL Reserves February 3, 2025 Net income at The Hartford increased 11% to $848 million in the fourth quarter 2024, driven by premium growth in...