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Former Lloyd’s CEO Neal to Lead General Insurance as President at AIG
American International Group (AIG) said today that former Lloyd’s CEO John Neal is joining as president, effective December 1. Neal, who at the start of 2025 was named CEO of reinsurance at Aon, will lead AIG’s General Insurance—North America and …
POSTED JULY 16, 2025 12:56 PM |
Strong Argument for Cameras Emerges in Jet Crash Probes, IATA Chief Says
The installation of cockpit cameras would greatly help aviation safety authorities investigating accidents like the recent fatal Air India crash, according to the head of the International Air Transport Association. “On a personal basis, I can see that there is …
POSTED JULY 16, 2025 12:10 PM |
First-Half 2025 Insured Losses From Natural Cats Hit $100B, Driven by US Events
Global insured losses during the first half of this year were at least $100 billion with more than 90% of that total – or approximately $92 billion – driven by wildfires and severe convective storms in the U.S., according to …
POSTED JULY 16, 2025 11:35 AM |
Florida People Rush to Help Plane Near Airport Mayor Says is Plagued With Crashes
Residents in a Miami suburb used an ax, fire extinguisher and garden hose to rescue four people from a small plane that crashed into a tree in yet another mishap near a busy South Florida airport. “It was nothing short …
POSTED JULY 16, 2025 11:17 AM |
Central Texas Floods Highlight State’s Risky Profile, Triple-I Analysis Finds
The catastrophic floods in central Texas on July 4th occurred in an area where fewer than 3% of homeowners have flood insurance through the National Flood Insurance Program, serving as another example of why Texas has one of the highest …
POSTED JULY 16, 2025 7:00 AM |
USDA Margin Coverage Option for Row Crops Available in Select States
The U.S. Department of Agriculture’s (USDA) Risk Management Agency (RMA) announced this month it is introducing a new margin coverage option as a crop insurance endorsement for corn, cotton, grain sorghum, rice, soybeans and spring wheat in select states for …
POSTED JULY 16, 2025 6:00 AM |
U. of Michigan Faces Federal Scrutiny Over Chinese Scientists’ Smuggling of Biological Materials
The University of Michigan is under federal scrutiny after two Chinese scientists linked to the school were separately charged with smuggling biological materials into the United States. The Education Department on Tuesday opened an investigation into the university’s foreign funding, …
POSTED JULY 16, 2025 6:00 AM |
US Farm Agency Ends Program to Support Small Businesses
The U.S. Department of Agriculture said on Tuesday it would cut funding for a national network of centers that have supported thousands of small- and mid-sized farm and food businesses. The cuts are another hit to farmers from President Donald …
POSTED JULY 16, 2025 5:31 AM |
New Book Proposes Four-Prong Legal Strategy to Negate Nuclear Verdicts
Leaders at one of the largest national insurance defense firms believe they have identified the causes of nuclear verdicts—and developed a comprehensive litigation strategy that negates them. A new book about that strategy and the data behind it will be …
POSTED JULY 16, 2025 5:24 AM |
ECB Stress Test to Ask Banks Which Geopolitical Risks Would Hurt
The European Central Bank’s next stress test will ask lenders to come up with hypothetical situations in which risks like trade disruptions or wars could hit their financial strength. The exam next year will “assess which firm-specific geopolitical risk scenarios …
POSTED JULY 16, 2025 5:15 AM |
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