At a JPMorgan townhall meeting on Wednesday, CEO Jamie Dimon was asked whether the Trump administration’s decision to abruptly stop work at the Consumer Financial Protection Bureau (CFPB) and question its existence was good news for the industry. Dimon told …
Financial Firms Hated US Consumer Watchdog, but Rapid Unraveling Creates Limbo Read More »
Although Mercury Insurance Group expects gross losses from the 2025 California wildfires in the $1.6 billion-$2.0 billion range, potential subrogation and reinsurance recoveries will drop the ultimate bill down to $325 million or less, the company believes. “We believe there …
Mercury Expects to Lose $1.6B to $2B From LA Wildfires Read More »
American International Group CEO Peter Zaffino used the insurer’s fourth quarter earnings call to again talk about reinsurance attachments points, throwing in the possibility 2025 could be the year for $200 billion in insured catastrophe losses. “This could recalibrate the …
AIG’s Zaffino Talks More on Insurer-Reinsurer Balance as $200B Cat Year May Loom Read More »
The family of a Raleigh police officer will receive workers’ compensation survivor benefits, even though the man was not officially at work when he was killed, the North Carolina Industrial Commission decided this week. Gabriel Torres was killed in a …
NC Industrial Commission Grants Benefits to Widow of Officer Killed in Mass Shooting Read More »
Regional independent agency network Insurance Services of New England (ISNE) reported it has expanded into Connecticut with eight additional agencies. The Connecticut agencies ISNE is welcoming to its network are Ahrens, Fuller, St. John & Vincent Insurance, Enfield; Allied Insurance …
Insurance Services of New England Adds 8 Connecticut Agencies Read More »
Ford Motor Co. Chief Executive Officer Jim Farley will travel to Washington on Wednesday to warn members of Congress that the 25% tariffs President Donald Trump has proposed on Canada and Mexico would “blow a hole” in the US auto …
Ford’s CEO to Warn Lawmakers of ‘Devastating’ Tariff Impact Read More »
The European Commission will propose a new climate target this quarter, to slash Europe’s emissions by 2040, it said on Wednesday. A commission work program, published on Wednesday, confirmed the EU would amend its climate law this quarter – a …
EU to Propose New 2040 Climate Target for Emissions by End-March Read More »
Australia’s iron ore hub is bracing for the strongest cyclone to hit the region since at least 2007, threatening port facilities and big mines operated by companies including Rio Tinto Group and BHP Group. Severe Tropical Cyclone Zelia has rapidly …
Australia’s Iron Ore Hub Faces Strongest Cyclone Since 2007 Read More »
Air travelers in South Korea may be asked to seal up the ports on their handheld battery rechargers or put them in a separate plastic bag after an in-cabin fire on an Air Busan Co. plane last month. South Korea’s …
New Rules Eyed for Battery Rechargers on Planes After Korean Jet Fire Read More »
DeepSeek may face more actions from national regulators in the future, Europe’s privacy watchdog said on Tuesday [Feb. 11], underscoring the bloc’s concerns about the rising popularity of the cheap Chinese artificial intelligence startup. National privacy regulators discussed DeepSeek at …
DeepSeek May Face Further Regulatory Actions, EU Privacy Watchdog Says Read More »
