US House Bill Aims to End Private Flood Insurance Coverage Penalty December 16, 2025 Homeowners required to purchase flood insurance can utilize private flood policies, under federal rules that took effect in 2019. But...
AIG Appoints Clifford From Everest as CEO, International Commercial Insurance December 16, 2025 AIG Appoints Clifford From Everest as CEO, Int’l Commercial Insurance American International Group (AIG) announced that Adam Clifford has been...
Leonardo Denies Liability for Helicopter Crash That Killed Leicester City Owner December 16, 2025 By Sam Tobin Italy’s Leonardo has denied liability for the 2018 helicopter crash which killed Thai businessman Vichai Srivaddhanaprabha, saying in its defense...
Family Feud at New England Grocery Chain Plays Out at Trial Over CEO Ouster December 16, 2025 By Jef Feeley A long-running family feud for control of the $8 billion-a-year Market Basket grocery chain in New England is about to...
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...
Update: 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...
‘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....