Insurance

There is about a 40% chance of a U.S. recession this year and a risk of lasting damage to the country’s standing as an investment destination if the administration undermines trust in U.S. governance, according to J.P. Morgan’s chief economist. …

Authorities in Texas reported 25 new measles cases over the last five days, bringing the state’s total to 223 as the outbreak continues to spread. Authorities in Texas, the hardest-hit state with the first confirmed US measles death in a …

A potent storm system is expected to pour heavy rain on western states later this week before rumbling into the central United States, where it could spawn tornadoes in the South and dump heavy snow across the parts of the …

Missouri’s attorney general is threatening to seize Chinese assets across the U.S. to collect $24.5 billion awarded in a lawsuit against China stemming from the COVID-19 pandemic, but experts were skeptical Monday, with one saying, “Good luck with that.” China’s …

Global insurer Chubb announced the creation of a new division within its North America Middle Market organization, combining its Lower Middle Market and Digital Small Business divisions into a single unit. The new unit will operate as North America Small …

A school bus carrying 31 people overturned on the Garden State Parkway in New Jersey, sending more than a dozen people to hospitals, officials said. New Jersey State Police said 15 people, including the driver and 14 young people, were …

Britain’s top financial regulators have scrapped proposed new rules to boost diversity and inclusion in the industry, and mothballed a fresh crackdown on non-financial misconduct, citing fears of imposing unnecessary regulatory burdens on firms. The Prudential Regulation Authority and Financial …

A tornado destroyed an Orlando-area home and hit a TV station while the weatherman was broadcasting about the twister, part of storm fronts that caused damage across parts of the Southeast. In Longwood, Florida, north of Orlando, the tornado collapsed …

S&P Global Market Intelligence expects the U.S. property/casualty insurance industry to post more than $100 billion of net income for 2024—and that the biggest underwriting profits contributing to the figure will come from units of Berkshire Hathaway and Progressive. The …

President Trump’s U.S. Department of Housing and Urban Development has rejected a $225 million relief plan for the city of Asheville, North Carolina, due to its inclusion of funding for minority and women-owned businesses. The Hill, the Asheville Citizens Times …