News
Travelers Profit Rises on Stronger Underwriting, Lower Catastrophe Losses
Property and casualty insurance giant Travelers reported a jump in first-quarter profit, buoyed by robust underwriting gains and lower catastrophe losses than a year earlier ...
SEC’s Power to Recoup Illicit Profits Challenged at Supreme Court
Three times over the past decade, the US Supreme Court has cut the Securities and Exchange Commission's ability to extract millions of dollars from alleged wrongdoers. Critics of the commission say ...
U.S. Weighs Tougher Auto Import Rules to Accelerate Reshoring
The Trump administration is considering potential changes to North American trade rules that would raise tariff costs on U.S. automobile imports and push manufacturers to boost domestic production, ...
Ex-CEO, Ex-CFO of Bankrupt AI Company Charged With Fraud
The former chief executive and chief financial officer of iLearningEngines, which provided AI-driven business automation technology, were indicted on charges they defrauded ...
AI Use in Cybersecurity Could Show Holes in Short Term, Says Fitch
U.S. cyber insurers in 2025 reversed a couple of years of decline in direct written premiums to post growth of 11%, but according to Fitch Ratings, there are some underwriting concerns brought on by ...
NYC Mayor Eyes City-Run Insurance Program for Affordable Housing
New York City Mayor Zohran Kwame Mamdani is seeking to lower the cost of property and liability insurance for affordable and rent-stabilized housing through a new city-run insurance program. Mamdani ...
U.S. Weather Agency’s New Mobile Fleet to Provide Rapid Storm Insight
Three new mobile weather radars were unveiled by NOAA National Severe Storms Laboratory (NSSL) last month, allowing researchers to deploy research-grade technology to the front lines of tornadoes, ...
As Wisconsin Streets Flood, Midwest Braces for New Storms
Floodwaters from record rainfall in Wisconsin inundated streets on Wednesday, trapping drivers and forcing officials to close sections of a highway, as other Midwestern states worked to rebuild after ...
100-Year Hurricane in NYC Could Cost Insurers More Than $100B: KCC
A 1-in-100-year hurricane event in New York City could cost insurers more than $100 billion, according to an analysis by Karen Clark & Co (KCC). And a 1-in-250-year ...