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Lenders Get Reprieve in UK Motor Finance Case From Top Court
A group of lenders won a major reprieve in a pivotal UK car finance case, after the country’s top judges agreed that banks should only pay compensation in the most serious cases of motor finance misselling. The Supreme Court on …
POSTED AUGUST 01, 2025 4:41 PM |
Trump Tariff Blitz Unleashes Delayed Shock to Global Economy
Four months after Donald Trump shocked the world and roiled markets by unveiling a placard full of tariff rates at the White House Rose Garden, his revisions unveiled Thursday generated a more subdued response among investors. But at an average …
POSTED AUGUST 01, 2025 4:09 PM |
Update: Markets Dive After Trump Hits More Countries With Steep Tariffs
U.S. President Donald Trump’s latest wave of tariffs on exports from dozens of trading partners sent global stock markets tumbling on Friday and countries and companies scrambling to seek ways to strike better deals. As Trump presses ahead with plans …
POSTED AUGUST 01, 2025 3:32 PM |
Espionage, Including Theft of Intellectual Property, Cost Australia $12.5B in 2023-2024
Espionage cost Australia $12.5 billion in 2023-24, according to a study by ASIO and the Australian Institute of Criminology. The figure includes the direct costs of known espionage incidents, including state-sponsored theft of intellectual property, as well as the indirect …
POSTED AUGUST 01, 2025 3:09 PM |
AXA Shares Decline on Net Income Miss, Italian Takeover
AXA SA fell the most in almost four months after profit missed estimates and the French insurance group agreed to buy a majority in Italian car insurer Prima Assicurazioni. The stock fell as much as 7%, the biggest intraday decline …
POSTED AUGUST 01, 2025 2:42 PM |
People Moves: QBE Hires ERGO’s Peerdeman to Launch Marine Insurance in Netherlands; HDI Global Appoints 2 New Leaders in Long-Tail Segment
This edition of International People Moves details appointments at QBE and HDI Global. A summary of these new hires follows here. QBE Hires ERGO’s Peerdeman to Launch Marine Insurance Biz in Netherlands International business insurer QBE has hired marine insurance …
POSTED AUGUST 01, 2025 2:14 PM |
KCC Completes Review of California Wildfire Model
The California Department of Insurance completed a review of the KCC US Wildfire Reference Model Version 3.0, making it the state’s second wildfire catastrophe model. The new model for use by insurers in assessing wildfire risk in property insurance ratemaking …
POSTED AUGUST 01, 2025 1:58 PM |
Specialty Program Group Acquires Miami-Based ANOVA Marine Insurance
Specialty Program Group, a specialty insurance brokerage and distribution firm headquartered in Chicago, has acquired Florida-based ANOVA Marine Insurance, a managing general agent and Lloyd’s coverholder. ANOVA, in business since 2011, offers automated coverage and global policies for cargo, and …
POSTED AUGUST 01, 2025 1:35 PM |
Radioactive Wasp Nest Found at SC Site Where US Once Made Nuclear Bombs
COLUMBIA, S.C. (AP) — Workers at a site in South Carolina that once made key parts for nuclear bombs in the U.S. have found a radioactive wasp nest but officials said there is no danger to anyone. Employees who routinely …
POSTED AUGUST 01, 2025 1:09 PM |
‘Soft Market Under Stress’ Offers Unique Window of Opportunity for Insurance Buyers
A buyer-friendly competitive commercial insurance market is likely to be short-lived, according to a new analysis of second-quarter 2025 market conditions from global professional services firm Aon. “This is not a typical soft market cycle; it’s a soft market under …
POSTED AUGUST 01, 2025 12:49 PM |
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