U.S.
Personal Lines Driving Premium Growth; Commercial Lags: Swiss Re Analysis
After 15 consecutive quarters of lagging premium growth in commercial lines, personal lines became the main driver again, according to a Swiss Re report released last week. According to the ...
July 4 Holiday Sees Rise in Firework Injuries
Over the past 15 years, there has been a steady increase in the number of people injured during the Fourth of July holiday. Between 2006 and 2021, injuries involving fireworks climbed 25 percent in ...
Report: CEOs Weigh Risks of AI as They Look to Boost Productivity
Nearly half of CEOs surveyed in a new global study by the IBM Institute for Business Value ranked productivity as their top business priority—up from sixth place in 2022. Modernizing technology was ...
IIHS: Safety Concerns for Small Pickup Rear Seated Passengers
The latest crash tests by the Insurance Institute for Highway Safety reveals most small pickups fall short when it comes to rear seated passengers. "Our updated moderate overlap front crash test ...
July 4 Holiday Weekend Brings Spike in Road Fatalities
Independence Day is considered one of the riskiest driving holidays of the year, according to the National Safety Council (NSC). Independence weekend, between 6 p.m. on Friday, June 30 and 11:59 p.m. ...
Berkshire Hathaway Boosts Stake in Occidental Petroleum to 25%
Berkshire Hathaway Inc. said on Wednesday it has acquired more shares of Occidental Petroleum Corp., boosting its stake in the oil company to above 25 percent. The conglomerate, controlled by ...
As Full Recession Odds Fall, ‘Richcession’ Could Play Out
The warnings have been sounded for more than a year: A recession is going to hit the United States. If not this quarter, then by next quarter. Or the quarter after that. Or maybe next year. So is a ...
Explainer: How the Federal Reserve Stress Tests U.S. Banks
The U.S. Federal Reserve was due to release the results of its annual bank health checks on Wednesday at 4:30 p.m. ET (2030 GMT). Under the "stress test" exercise, the Fed tests big banks' balance ...