Insured losses from natural catastrophes will surpass US$100 billion mark in 2025 for the sixth consecutive year – driven mainly by January’s record Los Angeles wildfires as well as severe convective storms (SCS) in the US, according to a report …
LA Fires and US Severe Convective Storms Drive Insured Losses of $107B in 2025 Read More »
President Donald Trump sued the BBC for up to $10 billion in damages over edited clips of a speech that made it appear he directed supporters to storm the U.S. Capitol, opening an international front in his fight against media …
Trump Seeks Up to $10 Billion in Damages From BBC Over Editing of January 6 Speech Read More »
Venezuela’s state oil company is still struggling to restore key administrative systems after what it called a cyberattack that hit over the weekend. Petroleos de Venezuela SA’s network, which manages export and import data at the country’s main crude terminal …
Venezuela Says Oil Export System Down After Weekend Cyberattack Read More »
As an independent agent, you know the truth: acquiring new clients is often much more expensive than keeping the ones you already have. The old saying, “new business is king,” no longer entirely rings true. Today, retention is the new …
Independent Agencies Win When Retention Comes First Read More »
The non-bank financial sector’s share of global assets grew to 51%, or $256.8 trillion, last year and expanded at double the rate of the traditional banking industry, the Financial Stability Board said on Tuesday. Non-bank financial intermediaries involved in what …
‘Shadow Banking’ Growing at Double the Rate of Traditional Lenders, FSB Says Read More »
Bjak Sdn, Malaysia’s largest online insurance aggregator, is mulling an initial public offering within the next two years as it seeks to enter Europe. Bjak is eyeing new markets in Spain and Germany in 2026 following its recent expansion in …
Bjak Founder Weighs IPO as Malaysia Insurtech Seeks Expansion Into Europe Read More »
As McKinsey & Co. partners gathered in the consulting giant’s birthplace in late October, Bob Sternfels delivered a rallying cry. “We will kick some ass as we start our second century,” the firm’s top executive told the thousands of attendees. …
McKinsey Plots Thousands of Job Cuts in Slowdown for Consulting Industry Read More »
The U.S. Food and Drug Administration has sent warning letters to four major retailers for continuing to sell baby formula linked to a nationwide outbreak of bacterial illness in infants, even after the products were recalled, the health regulator’s website …
FDA Sends Warning Letters to Walmart, Target for Selling Recalled Baby Formula Read More »
he Alabama Medical Cannabis Commission on Thursday approved licenses for dispensaries, a key step to making medical marijuana available in the state after years of delay. Commission Chairman Rex Vaughn estimated the products will be available in the spring of …
Alabama Approves Licenses for Med Marijuana Dispensaries With 2026 Start Read More »
Miami-based NSI Insurance Group has acquired another Miami-headquartered brokerage, Mutual Insurance Group, adding another milestone for the company that has doubled in size in recent years. “We are pleased to welcome Mutual Insurance Group to NSI Insurance Group, as we …
NSI Insurance Acquires Florida-Based Mutual Insurance Group Read More »
