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Global Commercial Insurance Rates Drop 4% but Casualty Rates Are Rising: Marsh
Global commercial insurance rates fell 4%, on average, in the second quarter of 2025 following a 3% decline in Q1 2025, according to the latest Global Insurance Market Index released by Marsh, the insurance brokerage business of Marsh McLennan. The …
POSTED JULY 24, 2025 11:42 AM |
Chinese Engines, Shipped as ‘Cooling Units,’ Power Russian Drones Used in Ukraine
Chinese-made engines are being covertly shipped via front companies to a state-owned drone manufacturer in Russia, labeled as “industrial refrigeration units” to avoid detection in the wake of Western sanctions, according to three European security officials and documents reviewed by …
POSTED JULY 24, 2025 9:02 AM |
Top UN Court Says Treaties Compel Wealthy Nations to Curb Global Warming
The United Nations’ highest court on Wednesday told wealthy countries they must comply with their international commitments to curb pollution or risk having to pay compensation to nations hard hit by climate change. In an opinion hailed by small island …
POSTED JULY 24, 2025 8:04 AM |
Congressman Jim Jordan Deposed in Ohio State Sex Abuse Case
Republican U.S. Rep. Jim Jordan was among those questioned under oath this month about the sexual abuse of Ohio State University athletes decades ago by a team doctor, according to a court filing. Jordan’s deposition Friday came in a federal …
POSTED JULY 24, 2025 7:30 AM |
Call of Duty Maker Argues First Amendment Protection in Uvalde Shooting Lawsuit
A lawyer for the maker of the video game Call of Duty argued last week that a judge should dismiss a lawsuit brought by families of the victims of the Robb Elementary School attack in Uvalde, Texas, saying the contents …
POSTED JULY 24, 2025 7:00 AM |
Long-Standing Problems Led Up to Deadly Texas Floods, Lawmakers Told
No minimum qualifications for local emergency management coordinators. No easy way to know if local officials are getting weather warnings. Difficulty getting all first responders on the same radio communication channel. And the bodies of flood victims from the same …
POSTED JULY 24, 2025 7:00 AM |
Fewer Insureds Shopping, More Switching, Says JD Power
Shopping slowed, but switching endures. That’s according to a recent report from J.D. Power, assessing insureds’ shopping habits for auto, home and renters’ insurance in Q2 2025. Overall shopping declined this quarter after setting a record high for auto shopping …
POSTED JULY 24, 2025 5:20 AM |
Some Large Accounts Start Seeing Chubb’s Back as it Focuses on Middle, Small
The global middle market and small commercial is where it’s at for Chubb, according to its CEO. “The pattern of growth and opportunity continues,” Evan G. Greenberg said on a call with analysts to discuss Q2 earnings. “It’s where we’re …
POSTED JULY 24, 2025 5:13 AM |
Judge Approves $318M From Sale of Lindberg’s Software Firms to Repay Victims
After two years of litigation, maneuvering and negotiating, insurance companies once owned by convicted North Carolina businessmen Greg Lindberg may soon see some recovery of the millions in assets that Lindberg allegedly siphoned away. A federal judge this week approved …
POSTED JULY 24, 2025 5:01 AM |
New Jersey to Offer Mobile Driver’s Licenses
Governor Phil Murphy has signed legislation directing the New Jersey Motor Vehicle Commission to create digital driver’s licenses and digital non-driver identification cards. Digital driver’s licenses, known as mobile driver’s licenses, are accessible on smartphones and other mobile devices, and …
POSTED JULY 24, 2025 5:00 AM |
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