News
Berkshire Insurance Units Report Lower Q2 Operating Income Overall
GEICO was the only one of Berkshire Hathaway's major property/casualty reporting divisions to post higher underwriting profit in the second quarter of 2025. But a 2.0 percent rise in underwriting ...
Jury Decides Tesla Partly Responsible in Autopilot Crash Case; Must Pay $243M
A Miami jury decided that Elon Musk's car company Tesla was partly responsible for a deadly crash in Florida involving its Autopilot driver assist technology and must pay the victims more than $240 ...
World Court Opinion Holds Governments Accountable for Protecting Climate
A landmark opinion delivered by the United Nations' highest court last month that governments must protect the climate is already being cited in courtrooms, as lawyers say it strengthens the legal ...
Report Highlights Significant Vulnerabilities in Mission Critical Workflows
More than half of organizations experience mission-critical failures in their workflows, highlighting the need for secure collaboration platforms, a study by Ponemon Institute and sponsored by ...
Derecho’s 99 MPH Gust Swept Through Upper Plains, Midwest
Strong storms that brought hurricane-force winds to an area stretching from the Upper Plains to the Midwest have been preliminarily classified by the National Weather Service as a derecho, defined as ...
Verisk’s $2.35B Buy of AccuLynx ‘Natural Fit’ for Claims Management Solutions
Insurance data analytics and technology firm Verisk said it has an agreement in place to acquire AccuLynx, a software-as-a-service platform designed for residential roofing contractors, for $2.35 ...
Allstate Q2 Income Eclipses $2B as Auto Turns in Combined Ratio of 86
Allstate Corp. second quarter 2025 net income applicable to common shareholders was about $2.1 billion, far exceeding the $301 million booked for the same quarter a year ago. The result this year ...
‘Soft Market Under Stress’ Offers Unique ‘Moment’ for Insurance Buyers
A buyer-friendly competitive commercial insurance market is likely to be short-lived, according to a new analysis of second-quarter 2025 market conditions from global professional services firm Aon. ...