Progressive’s Margins Leave Room for Tariff Impacts: CEO March 5, 2025 By Susanne Sclafane With its 2024 combined ratio falling comfortably more than 7 points below a targeted level of 96, Progressive has room...
CFPB Drops Suit Against US Banks Over Alleged Fraud on Zelle March 5, 2025 By Paige Smith The Consumer Financial Protection Bureau dismissed another Biden-era lawsuit, this one targeting some of the world’s largest banks for allegedly...
Arthur J. Gallagher to Acquire Woodruff Sawyer for $1.2B March 4, 2025 By Chad Hemenway and Don Jergler Insurance brokerage Arthur J. Gallagher & Co. has signed a definitive agreement to acquire Woodruff Sawyer for $1.2 billion. Andy...
Liberty Mutual to Sunset Safeco Brand in 2026 March 4, 2025 By Chad Hemenway Safeco Insurance will stop being a brand name in 2026, and Liberty Mutual Insurance will sell all of its personal...
Cyber Insurance Firm Coalition Gets $30M Equity Investment From Mitsui Sumitomo March 4, 2025 Global cyber insurance provider Coalition announced a new $30 million equity investment from Insurance Co., Ltd. (MSI), a member of...
Firings at NOAA Risk Lives and Economy, Former Agency Heads Warn March 4, 2025 By Seth Borenstein The federal weather and oceans agency touches people’s daily lives in unnoticed ways, so massive firings there will likely cause...
Trump Commerce Secretary Plans to Strip Government Spending From GDP Data March 4, 2025 By Lucia Mutikani U.S. Commerce Secretary Howard Lutnick said on Sunday he would strip out government spending from the gross domestic product (GDP)...
Supreme Court Leans Toward Gun Companies’ Bid to Avoid Mexico’s Trafficking Lawsuit March 4, 2025 By John Kruzel and Blake Brittain U.S. Supreme Court justices signaled sympathy on Tuesday toward a bid by two American gun companies to throw out the...
Car Prices Expected to Surge on Trump’s New Tariffs March 4, 2025 By Keith Naughton Impending tariffs on Canada and Mexico risk driving up US car prices by as much as $12,000, further squeezing consumers...
Kraken Is Latest Crypto Firm to Say SEC Agrees to Drop Lawsuit March 4, 2025 By Olga Kharif Kraken said the US Securities and Exchange Commission has agreed in principle to drop its lawsuit against the cryptocurrency exchange,...