Total net income for U.S. property/casualty mutual insurers doubled compared to 2024 to about $42.6 billion in 2025 as underwriting income surged to about $14.8 billion from a loss of $7.2 billion in 2024. According to a recent A.M. Best …
tanding on a dais at a General Motors truck engine plant in Flint, executive chief engineer Mark Dickens plays a recording of the company’s all-new V-8 revving up. “I never get tired of hearing the engine roar,” says Dickens, who …
Trading firm Sapphire Minmetals and related companies plan to move swiftly with their $2 billion lawsuit against Glencore after a Singapore court appointed KPMG as interim judicial managers of Radiant World, Chairman Rakesh Sethi told Reuters. Radiant World, Sapphire Minmetals …
Policyholders of a struggling life insurer sued its private equity owner, accusing Golden Gate Capital of self-dealing and mismanaging PHL Variable Insurance Co. to the point that it now faces possible liquidation. A lawsuit filed in Connecticut federal court on …
CLARA Analytics has launched Agentic Intelligence, what the company calls “an end-to-end AI workforce” for complex casualty and workers’ compensation claims. The new product is built into the company’s CLARAty.ai platform, assigning a team of AI agents to individual claims …
