Energy Secretary Chris Wright said on Wednesday the United States government wants to get Venezuelan oil flowing again, deposit money into U.S.-controlled accounts and create conditions for U.S. oil companies to enter the country. Wright said he was speaking to …
US Wants Venezuelan Oil Flowing Again With Revenues in US Accounts, Wright Says Read More »
In their latest report on the U.S. auto insurance market, analysts from S&P Global Market Intelligence predict the strongest overall U.S. property/casualty insurance underwriting results in 18 years for 2025, driven by favorable private passenger auto outcomes. Still, while their …
Good Times for US P/C Insurers May Not Last; Auto Challenges Ahead Read More »
President Donald Trump won’t rule out the use of military force to acquire Greenland, the White House said, escalating tension with Denmark, a fellow NATO member, over a dispute that’s surged back into public view following the ouster of Venezuelan …
Trump Won’t Rule Out Military Force to Acquire Greenland Read More »
A wave of Arctic air blanketed Europe with frigid weather and intense snowfall, snarling travel and triggering power outages in some areas. Northerly winds driven by high pressure systems in the Atlantic and Arctic caused temperatures to plummet Monday and …
Arctic Freeze Deepens Europe’s Travel and Power Strains Read More »
Chinese AI startup DeepSeek, which said in January it had developed an AI model to rival ChatGPT at much lower cost, has come under scrutiny in some countries for its security policies and privacy practices. According to its own privacy …
Governments, Regulators Increase Scrutiny of Chinese AI Startup DeepSeek Read More »
Nestle said it was recalling some batches of its infant nutrition products, including SMA, BEBA and NAN formulas, mostly in Europe, due to possible contamination with a toxin that can cause nausea and vomiting. The recall, which began on a …
Nestle Recalls Infant Formula Batches in 25 Countries Over Toxin Risk Read More »
The adoption of AI in insurance is a mixed bag, marked by ambitious experimentation on one hand and structural hesitation on the other. The intent to deploy AI is high, and the expectations are rising just as quickly. Recent industry …
Viewpoint: The Convergence of Autonomy and Intelligence Is Reshaping Insurance Read More »
M&A activity is expected to rise among midsize companies as private equity firms become more willing to do deals, according to a Citizens Financial survey of about 400 companies. Executives at middle market companies and private equity firms are optimistic …
Private Equity Firms Expected to Unleash Middle-Market M&A Deals, Survey Says Read More »
Doss Assumes Role of Vice President, Personal Lines Underwriting Justin Doss assumed the role of vice president, personal lines underwriting at RLI Corp., headquartered in Peoria, Illinois. In this executive role, he will lead underwriting and distribution strategy for RLI’s …
W.R. Berkley Corp., headquartered in Greenwich, Connecticut, named Lee Iannarone executive vice president. He is succeeded by Stephen Kennedy, who has been named senior vice president and general counsel. Iannarone began his tenure with the company in 2023 as senior …
