Second quarter net income at Progressive Corp. increased 118% compared to the same period a year ago to about $3.2 billion. Progressive reports results monthly. Net income for June was up 40% to $1.1 billion. Year-to-date net income as of …
https://www.maddoxinsurememphis.com/wp-content/uploads/2020/12/maddox-insurance.png512512wpmaddoxinshttps://www.maddoxinsurememphis.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2025-07-16 11:22:412025-07-16 15:16:15Progressive Q2 Income More Than Doubles
The Hartford said it is promoting Prateek Chhabra to chief risk officer, succeeding Robert Paiano who will retire from the company at the end of the year. Chhabra, who since 2018 has held the role of senior vice president and …
https://www.maddoxinsurememphis.com/wp-content/uploads/2020/12/maddox-insurance.png512512wpmaddoxinshttps://www.maddoxinsurememphis.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2025-07-16 10:21:302025-07-16 15:16:15The Hartford Promotes Chhabra to Chief Risk Officer
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 …
https://www.maddoxinsurememphis.com/wp-content/uploads/2025/07/AIG-logo-580x363-1.png363580wpmaddoxinshttps://www.maddoxinsurememphis.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2025-07-16 08:56:582025-07-16 15:16:16Former Lloyd’s CEO Neal to Lead General Insurance as President at AIG
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 …
https://www.maddoxinsurememphis.com/wp-content/uploads/2020/12/maddox-insurance.png512512wpmaddoxinshttps://www.maddoxinsurememphis.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2025-07-16 07:35:202025-07-16 15:16:17First-Half 2025 Insured Losses From Natural Cats Hit $100B, Driven by US Events
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 …
https://www.maddoxinsurememphis.com/wp-content/uploads/2020/12/maddox-insurance.png512512wpmaddoxinshttps://www.maddoxinsurememphis.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2025-07-16 01:31:282025-07-16 15:16:17US Farm Agency Ends Program to Support Small Businesses
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 …
https://www.maddoxinsurememphis.com/wp-content/uploads/2025/07/gavel-with-law-book-in-court-room-217065580-bigstock-580x387-1.jpg387580wpmaddoxinshttps://www.maddoxinsurememphis.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2025-07-16 01:24:102025-07-16 15:16:24New Book Proposes Four-Prong Legal Strategy to Negate Nuclear Verdicts
Strategic partnerships between re/insurers and alternative investment managers, the use of offshore platforms, and a fourth consecutive record year of annuity sales led to continued reinsurance growth in the U.S. in 2024. Fitch Ratings expects the prevalence of offshore reinsurance …
https://www.maddoxinsurememphis.com/wp-content/uploads/2025/07/successful-business-development-300167344-AdobeStock-580x358-1.jpeg358580wpmaddoxinshttps://www.maddoxinsurememphis.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2025-07-16 01:05:562025-07-16 15:16:25Viewpoint: US Life Reinsurance Driven by Insurers Seeking Growth, Capital Optimization
Diageo on Monday filed an initial response to a lawsuit accusing the spirits giant of misleading U.S. consumers about the purity of some of its popular tequila brands, calling the claim “baseless.” The company, which also owns whisky brands such …
President Donald Trump’s antitrust enforcers recently cleared a string of multibillion-dollar deals in a week, demonstrating a willingness to settle with companies that marks a shift from the Biden administration. The U.S. Department of Justice’s Antitrust Division and the U.S. …
https://www.maddoxinsurememphis.com/wp-content/uploads/2020/12/maddox-insurance.png512512wpmaddoxinshttps://www.maddoxinsurememphis.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2025-07-15 11:45:572025-07-15 15:04:50Antitrust Enforcers ‘Get Out of the Way’ of Multibillion-Dollar Deals
The US Commerce Department launched investigations into imports of drones, parts for unmanned aerial vehicles and for polysilicon, a key material for solar power, setting the stage for possible tariffs on those goods. The probes were launched on July 1 …
https://www.maddoxinsurememphis.com/wp-content/uploads/2025/07/drone-flying-Bloomberg-580x387-1.jpg387580wpmaddoxinshttps://www.maddoxinsurememphis.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2025-07-15 11:08:482025-07-15 15:04:51Commerce Department Launches Investigation of Drones, Setting Stage for Tariffs
President Donald Trump plans to deliver a major address on artificial intelligence next week to outline his vision for ensuring American dominance in AI, marking his biggest statement on an emerging technology at the heart of the US-China rivalry. Trump …
https://www.maddoxinsurememphis.com/wp-content/uploads/2025/07/Trump-Bloomberg-580x387-2.jpg387580wpmaddoxinshttps://www.maddoxinsurememphis.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2025-07-15 10:36:312025-07-15 15:04:52Trump Set to Outline AI Priorities in Speech Asserting US Edge
Insured losses from U.S. hurricanes could rise by nearly 50% under a 2°C (3.6°F) global warming scenario, according to MS Amlin, the Lloyd’s global re/insurer. A peer-reviewed study published in the Journal of Catastrophe Risk and Resilience shows that climate …
https://www.maddoxinsurememphis.com/wp-content/uploads/2025/07/satellite-view-of-hurricane-1543208143-AdobeStock-580x377-1.jpeg377580wpmaddoxinshttps://www.maddoxinsurememphis.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2025-07-15 08:45:532025-07-15 15:04:53Insured Losses From US Hurricanes Could Rise by 50% With Global Warming
WTW Appoints Lockner as Strategic Client Advisor to AAIS Team in North America Willis, a WTW business headquartered in London, appointed Cecelia Lockner as senior director, strategic client advisor within the North America alternative asset insurance solutions (AAIS) vertical. Lockner …
https://www.maddoxinsurememphis.com/wp-content/uploads/2020/12/maddox-insurance.png512512wpmaddoxinshttps://www.maddoxinsurememphis.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2025-07-15 01:36:322025-07-15 15:04:53People Moves: WTW Appoints Lockner Strategic Client Advisor to AAIS; WTW Names Thibault ICT Director
Dozens of U.S. ice cream producers are planning to remove artificial colors from their products by 2028, a dairy industry group and government officials said on Monday. The producers, which together represent more than 90% of ice cream sold in …
https://www.maddoxinsurememphis.com/wp-content/uploads/2020/12/maddox-insurance.png512512wpmaddoxinshttps://www.maddoxinsurememphis.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2025-07-15 01:09:282025-07-15 15:05:00Many Ice Cream Producers to Phase Out Artificial Food Dyes by 2028
More than 7.3 million vehicles were recalled between April and June, according to according to BizzyCar’s Q2 2025 Recall Report. The AI-driven, automated Service Recall Management Platform for auto dealers indicates the sharp rise in U.S. vehicle recalls marks the …
https://www.maddoxinsurememphis.com/wp-content/uploads/2025/07/traffic-scaled-1-580x387-1.jpg387580wpmaddoxinshttps://www.maddoxinsurememphis.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2025-07-14 12:19:352025-07-14 15:00:22US Vehicle Recalls Reach Highest Level in Over a Year
The U.S. National Highway Traffic Safety Administration said on Friday it had opened a recall query covering 27,816 of Sweden-based EV maker Polestar’s Polestar 2 vehicles over a loss of rear-view camera image. A recall query is an investigation opened …
https://www.maddoxinsurememphis.com/wp-content/uploads/2025/07/Polestar-dealership-AdobeStock-580x326-1.jpeg326580wpmaddoxinshttps://www.maddoxinsurememphis.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2025-07-14 11:21:252025-07-14 15:00:28NHTSA Opens Recall Query Into Over 27,000 Polestar 2 Vehicles
Nursing homes already struggling to recruit staff are now grappling with President Donald Trump’s attack on one of their few reliable sources of workers: immigration. Facilities for older adults and disabled people are reporting the sporadic loss of employees who …
https://www.maddoxinsurememphis.com/wp-content/uploads/2025/07/nursing-home-workers-Florida-AP-580x388-1.jpg388580wpmaddoxinshttps://www.maddoxinsurememphis.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2025-07-14 10:05:182025-07-14 15:00:29Nursing Homes Struggle With Trump’s Immigration Crackdown
Mark Zuckerberg is expected to appear as a star witness in an unusual $8 billion trial that kicks off this week at which the Meta CEO is accused of operating Facebook as an illegal enterprise that allowed users’ data to …
https://www.maddoxinsurememphis.com/wp-content/uploads/2025/07/facebook-cambridge-analytica-privacy-580x387-1.jpg387580wpmaddoxinshttps://www.maddoxinsurememphis.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2025-07-14 09:19:492025-07-14 15:00:30Meta Investors, Zuckerberg Square Off at $8B Trial Over Alleged Privacy Violations
Key House lawmakers are pressing the Trump administration to accelerate a congressionally mandated review of Chinese-made drones ahead of a potential US ban of the technologies later this year. Three House Republicans influential on national security matters requested Director of …
https://www.maddoxinsurememphis.com/wp-content/uploads/2025/07/Chinese-drone-DJI-Bloomberg-580x387-1.jpg387580wpmaddoxinshttps://www.maddoxinsurememphis.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2025-07-14 01:12:562025-07-14 15:00:31GOP Lawmakers Press Trump to Speed Review of Chinese-Made Drones
Deadly and destructive flash flooding in Texas and several other states in July 2025 is raising questions about the nation’s flood maps and their ability to ensure that communities and homeowners can prepare for rising risks. The same region of …
https://www.maddoxinsurememphis.com/wp-content/uploads/2025/07/Texas-flood-Guadalupe-River-AmericanFlag-AP-580x387-1.jpg387580wpmaddoxinshttps://www.maddoxinsurememphis.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2025-07-14 01:02:592025-07-14 15:00:31FEMA Flood Maps Often Miss Flash Flood Risks, Leaving Homeowners Unprepared
Progressive Q2 Income More Than Doubles
Second quarter net income at Progressive Corp. increased 118% compared to the same period a year ago to about $3.2 billion. Progressive reports results monthly. Net income for June was up 40% to $1.1 billion. Year-to-date net income as of …
The Hartford Promotes Chhabra to Chief Risk Officer
The Hartford said it is promoting Prateek Chhabra to chief risk officer, succeeding Robert Paiano who will retire from the company at the end of the year. Chhabra, who since 2018 has held the role of senior vice president and …
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 …
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 …
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 …
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 …
Viewpoint: US Life Reinsurance Driven by Insurers Seeking Growth, Capital Optimization
Strategic partnerships between re/insurers and alternative investment managers, the use of offshore platforms, and a fourth consecutive record year of annuity sales led to continued reinsurance growth in the U.S. in 2024. Fitch Ratings expects the prevalence of offshore reinsurance …
Diageo Calls Tequila Purity Allegation ‘Baseless’ as Lawsuit Proceeds
Diageo on Monday filed an initial response to a lawsuit accusing the spirits giant of misleading U.S. consumers about the purity of some of its popular tequila brands, calling the claim “baseless.” The company, which also owns whisky brands such …
Antitrust Enforcers ‘Get Out of the Way’ of Multibillion-Dollar Deals
President Donald Trump’s antitrust enforcers recently cleared a string of multibillion-dollar deals in a week, demonstrating a willingness to settle with companies that marks a shift from the Biden administration. The U.S. Department of Justice’s Antitrust Division and the U.S. …
Commerce Department Launches Investigation of Drones, Setting Stage for Tariffs
The US Commerce Department launched investigations into imports of drones, parts for unmanned aerial vehicles and for polysilicon, a key material for solar power, setting the stage for possible tariffs on those goods. The probes were launched on July 1 …
Trump Set to Outline AI Priorities in Speech Asserting US Edge
President Donald Trump plans to deliver a major address on artificial intelligence next week to outline his vision for ensuring American dominance in AI, marking his biggest statement on an emerging technology at the heart of the US-China rivalry. Trump …
Insured Losses From US Hurricanes Could Rise by 50% With Global Warming
Insured losses from U.S. hurricanes could rise by nearly 50% under a 2°C (3.6°F) global warming scenario, according to MS Amlin, the Lloyd’s global re/insurer. A peer-reviewed study published in the Journal of Catastrophe Risk and Resilience shows that climate …
People Moves: WTW Appoints Lockner Strategic Client Advisor to AAIS; WTW Names Thibault ICT Director
WTW Appoints Lockner as Strategic Client Advisor to AAIS Team in North America Willis, a WTW business headquartered in London, appointed Cecelia Lockner as senior director, strategic client advisor within the North America alternative asset insurance solutions (AAIS) vertical. Lockner …
Many Ice Cream Producers to Phase Out Artificial Food Dyes by 2028
Dozens of U.S. ice cream producers are planning to remove artificial colors from their products by 2028, a dairy industry group and government officials said on Monday. The producers, which together represent more than 90% of ice cream sold in …
US Vehicle Recalls Reach Highest Level in Over a Year
More than 7.3 million vehicles were recalled between April and June, according to according to BizzyCar’s Q2 2025 Recall Report. The AI-driven, automated Service Recall Management Platform for auto dealers indicates the sharp rise in U.S. vehicle recalls marks the …
NHTSA Opens Recall Query Into Over 27,000 Polestar 2 Vehicles
The U.S. National Highway Traffic Safety Administration said on Friday it had opened a recall query covering 27,816 of Sweden-based EV maker Polestar’s Polestar 2 vehicles over a loss of rear-view camera image. A recall query is an investigation opened …
Nursing Homes Struggle With Trump’s Immigration Crackdown
Nursing homes already struggling to recruit staff are now grappling with President Donald Trump’s attack on one of their few reliable sources of workers: immigration. Facilities for older adults and disabled people are reporting the sporadic loss of employees who …
Meta Investors, Zuckerberg Square Off at $8B Trial Over Alleged Privacy Violations
Mark Zuckerberg is expected to appear as a star witness in an unusual $8 billion trial that kicks off this week at which the Meta CEO is accused of operating Facebook as an illegal enterprise that allowed users’ data to …
GOP Lawmakers Press Trump to Speed Review of Chinese-Made Drones
Key House lawmakers are pressing the Trump administration to accelerate a congressionally mandated review of Chinese-made drones ahead of a potential US ban of the technologies later this year. Three House Republicans influential on national security matters requested Director of …
FEMA Flood Maps Often Miss Flash Flood Risks, Leaving Homeowners Unprepared
Deadly and destructive flash flooding in Texas and several other states in July 2025 is raising questions about the nation’s flood maps and their ability to ensure that communities and homeowners can prepare for rising risks. The same region of …