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Cyber Tops List of Business Risks With Geopolitical Volatility Surging Into Top 10: Aon
Insurance Journal | October 1, 2025
Cyber Tops List of Business Risks With Geopolitical Volatility Surging Into Top 10: Aon
Geopolitical volatility has surged into a top 10 business risk with cyber risk remaining the number one concern globally, followed by business interruption at number two, according to Aon’s 2025 Global Risk Management Survey, which has tracked the most pressing …
AM Best Affirms Performance Assessment of MGA First Indemnity
Insurance Journal | October 1, 2025
AM Best Affirms Performance Assessment of MGA First Indemnity
AM Best has affirmed its Performance Assessment of PA-3 (Strong) of First Indemnity Insurance Agency, Inc. of Boston. AM Best said the outlook of the assessment is stable. The ratings firm said its PA-3 assessment of the Massachusetts-based managing general …
US Government Shutdown Curtails Key Weather and Climate Programs
Insurance Journal | October 1, 2025
US Government Shutdown Curtails Key Weather and Climate Programs
The closure of the federal government will curtail or halt some US climate disaster preparedness and environmental programs — and even potentially delay real estate transactions within the nation’s flood zones. That’s because the major source of flood insurance for …
Connecticut Family Is First to Sue Over Washington Plane Crash That Killed 67
Insurance Journal | October 1, 2025
Connecticut Family Is First to Sue Over Washington Plane Crash That Killed 67
The Connecticut family of one of the 67 people killed when an airliner collided with an Army helicopter over Washington, D.C., sued the government and the airlines involved last week, saying they didn’t recognize the warning signs after more than …
India Native Truck Driver in Fatal Florida Crash Pleads Not Guilty
Insurance Journal | October 1, 2025
India Native Truck Driver in Fatal Florida Crash Pleads Not Guilty
A commercial truck driver accused of making an illegal U-turn that killed three people on a Florida highway last month waived his first appearance hearing Monday and entered a not guilty plea, court records show. Harjinder Singh, a 28-year-old native …
Deadliest Philippine Quake in 12 Years Kills 69, Rescue Underway
Insurance Journal | October 1, 2025
Deadliest Philippine Quake in 12 Years Kills 69, Rescue Underway
At least 69 people were killed and more than 100 injured after a 6.9 magnitude earthquake struck central Philippines Tuesday night, flattening buildings, as officials hastened search and rescue efforts. Most of the deaths happened as people were crushed in …
AI Drives Weather Data Demand Surge for Europe’s Top Forecaster
Insurance Journal | October 1, 2025
AI Drives Weather Data Demand Surge for Europe’s Top Forecaster
Europe’s biggest weather forecaster is reporting record demand for its data, as energy traders, insurers, shipping lines and tech companies rush to improve the accuracy of their AI models.In 2024, the number of commercial firms buying licenses to access data …
Vietnam Estimates Property Damage From Typhoon Bualoi at $303 Million
Insurance Journal | October 1, 2025
Vietnam Estimates Property Damage From Typhoon Bualoi at $303 Million
Vietnam’s government said Typhoon Bualoi caused an estimated 8 trillion dong ($303 million) of property damage this week, saying in a preliminary assessment on Wednesday that nearly 170,000 houses were damaged or inundated by flooding. Bualoi made landfall on Monday …
NLRB Withdraws Claims That Apple CEO Violated Workers’ Rights
Insurance Journal | October 1, 2025
NLRB Withdraws Claims That Apple CEO Violated Workers’ Rights
The US labor board has abandoned its allegations that Apple Inc. Chief Executive Officer Tim Cook violated federal labor law, one of many cases where the agency is adopting a more business-friendly approach under President Donald Trump. In a Sept. …
For Global M&A, Third Quarter Was One of the Best–and Worst –in Recent History
Insurance Journal | October 1, 2025
For Global M&A, Third Quarter Was One of the Best–and Worst –in Recent History
For dealmakers across the world, the third quarter was one of the best and one of the worst in recent history. Megadeals tallied a stunning $1.26 trillion in global mergers and acquisitions during the third quarter – up 40% year …