Insurance
Macquarie unveils Longbrook Insurance, eyes M&A and energy sectors
MIF, part of Macquarie Asset Management, acts as a global insurance aggregator, managing approximately $1.8 billion in premium spend annually...
NI Holdings pulls back from auto markets
The decrease was primarily driven by an 80% reduction in non-standard auto premiums tied to the company’s withdrawal from those...
Insurers adjust to relentless supply chain shocks and rising risk costs
Hard market conditions and global fragility are forcing new strategies in coverage and risk Disclaimer: This story is auto-aggregated by...
Allstate Q3 net income surges on strong underwriting
Double-digit profit growth and improved combined ratios Disclaimer: This story is auto-aggregated by a computer program and has not been...
Progressive faces Michigan court challenge over auto policy exclusions
On October 30, 2025, the Michigan Court of Appeals issued its decision in Muzafer Isovska v Leana Fitzpatrick, USA Underwriters, Progressive Marathon...
The Fed, the Market, and What Comes Next
It’s been another eventful week in the financial world. The Federal Reserve announced a rate cut—something markets had been expecting—but...
Steadfast Group CEO “stands aside” as complaint investigated
Steadfast Group leaders are expected to address shareholders today at the firm’s Annual General Meeting following Robert Kelly’s decision to...
Allstate launches lawsuit accusing podiatrists of orchestrating no-fault fraud scheme
The lawsuit names Dr. Jeffrey I. Kriegel and Dr. William Michael Levine, along with their respective sole proprietorships and a...
Amazon Web Services outage losses could reach $581M: CyberCube
CyberCube said the outage, which occurred on October 20, affected a wide array of dependent digital platforms, including Snapchat, Fortnite,...
Tesla’s ‘Mad Max’ mode draws scrutiny as safety regulators probe aggressive driving behavior
Under U.S. regulations, Tesla’s system is classified as “Level 2 automation,” meaning that a human must remain in control and...
Global insurance rates fall amid softer market conditions – report
All global regions experienced composite rate decreases in the third quarter. The Pacific region saw the largest decline at 11%,...
Old Republic takes Citibank to court over $525k escrow fraud claim
According to the complaint, the buyer deposited the purchase funds with Old Republic Title, Ltd. On May 8, 2025, the...
