News
Lloyd’s Said It Will Lose $2.3B From LA Wildfires
Lloyd's this week said it will lose $2.3 billion from the Los Angeles wildfires in January, adding to the number of companies that have paid out more than $1 billion in losses from the catastrophe. ...
Regulators Ask Gallagher for More Information on $13.4B AssuredPartners Acquisition
Arthur J. Gallagher & Co. reported that it has received a second request for information from federal officials relating to its proposed $13.45 billion acquisition of AssuredPartners, Inc. ...
FTC: Consumers Lost $12.5 Billion to Investment, Other Scammers in 2024
Consumers lost more than $12.5 billion to fraud in 2024, which represents a 25 percent increase over the prior year, according to newly released Federal Trade Commission data. The FTC said while the ...
Berkshire, Progressive Are 2024 Underwriting Profit Leaders; Industry Income Record
S&P Global Market Intelligence expects the U.S. property/casualty insurance industry to post more than $100 billion of net income for 2024—and that the biggest underwriting profits contributing ...
Loss Uncertainty High Amid ‘Rapid Softening’: Liberty Mutual Exec
Using terminology that's more common among weather forecasters and catastrophe event modelers, a commercial lines insurance executive described an increasingly uncertain risk landscape uncomfortably ...
How Most Ransomware Incidents Start: Report
Most ransomware claims in 2024 started with compromised perimeter security appliances (58 percent), like virtual private networks (VPNs) or firewalls. Remote desktop products were second-most (18 ...
Lawsuit Alleges Girl Scouts’ Cookies Contain Heavy Metals, Pesticides
The Girl Scouts have been sued by consumers over the alleged presence of "heavy metals" and pesticides in its popular Thin Mints and other cookies. A proposed class action was filed on Monday night ...
Hawaii’s Housing Market Faces Challenges Due to Construction Defect Litigation: Study
Construction defect litigation has become a significant factor in Hawaii's already constrained housing market, contributing to rising costs, financing challenges and shifts in development patterns ...