LA Fires and US Severe Convective Storms Drive Insured Losses of $107B in 2025 December 16, 2025 By L.S. Howard Insured losses from natural catastrophes will surpass US$100 billion mark in 2025 for the sixth consecutive year – driven mainly...
Trump Sues Britain’s BBC for $10 Billion Over Speech Edit December 16, 2025 By Jack Queen and David Thomas President Donald Trump sued the BBC for at least $10 billion in damages over edited clips of a speech that...
Venezuela Says Oil Export System Down After Weekend Cyberattack December 16, 2025 By Bloomberg News Venezuela’s state oil company is still struggling to restore key administrative systems after what it called a cyberattack that hit...
Independent Agencies Win When Retention Comes First December 16, 2025 By Brenna Johnson, SVP Product Management, EZLynx As an independent agent, you know the truth: acquiring new clients is often much more expensive than keeping the ones...
‘Shadow Banking’ Growing at Double the Rate of Traditional Lenders, FSB Says December 16, 2025 By Tommy Reggiori Wilkes The non-bank financial sector’s share of global assets grew to 51%, or $256.8 trillion, last year and expanded at double...
Bjak Founder Weighs IPO as Malaysia Insurtech Seeks Expansion Into Europe December 16, 2025 By Netty Ismail Bjak Sdn, Malaysia’s largest online insurance aggregator, is mulling an initial public offering within the next two years as it...
McKinsey Plots Thousands of Job Cuts in Slowdown for Consulting Industry December 16, 2025 By Sridhar Natarajan and Ambereen Choudhury As McKinsey & Co. partners gathered in the consulting giant’s birthplace in late October, Bob Sternfels delivered a rallying cry....
FDA Sends Warning Letters to Walmart, Target for Selling Recalled Baby Formula December 16, 2025 The U.S. Food and Drug Administration has sent warning letters to four major retailers for continuing to sell baby formula...
Alabama Approves Licenses for Med Marijuana Dispensaries With 2026 Start December 16, 2025 By Kim Chandler The Alabama Medical Cannabis Commission on Thursday approved licenses for dispensaries, a key step to making medical marijuana available in...
NSI Insurance Acquires Florida-Based Mutual Insurance Group December 16, 2025 Miami-based NSI Insurance Group has acquired another Miami-headquartered brokerage, Mutual Insurance Group, adding another milestone for the company that has...