News
State Farm Paid a ‘Hail’ of a Lot of Claims in 2025
Providing its annual report of hail-related claims, State Farm said that it paid out $5.6 billion nationally for such claims in 2025, and $1.4 billion in Texas alone. The giant insurer's report on ...
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case
An insurance fraud scheme involving a bear costume, luxury vehicles and falsified damage claims has ended in convictions for three Los Angeles area residents. A California Department of Insurance ...
Marsh Aims to Be ‘AI Winner’ by Focusing on Gains in Growth, Productivity, Efficiency
Marsh aims to be an "AI winner" through growth, productivity and efficiency gains, according to John Doyle, president and CEO of the broker and risk adviser. "[W]e see AI as a powerful accelerator ...
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 when results were ...
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 investors and lenders by ...
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 ...