Author: completebodyneeds

Aon reported a jump in second-quarter profit on Wednesday, as the insurance broker giant benefited from robust demand for its commercial risk management offerings. The construction business has benefited from strong data center spending by Big Tech firms, boosting demand for insurance offerings that support capital-intensive projects through their lifecycle. Here are some more details: Revenue from Aon’s commercial risk solutions arm rose 5% to $2.3 billion in the quarter from a year earlier. Within North America, the construction segment posted double-digit growth in the quarter. Aon has previously said it has ramped up hiring in high-growth areas like data…

Insurtech Hippo posted net income for the second quarter 2026 of $10.1 million compared with about $1.3 million for the period a year ago. For the first six months of 2026, net income at the San Jose, California-based insurer was $17.2, reversing a loss of $46.4 million at the same point in 2025. Hippo President and CEO Rick McCathron said the results are “a proof point of the value Hippo brings to both its partners and customers.” The company credited improvements to underwriting and scale. Net premium written (NPW) increased more than 71% to $183.2 million in Q2. Hippo stepped…

Attacks on ships by Yemen’s Houthis have prompted London’s marine insurance market to widened its “high risk” zone in the Red Sea. The Joint War Committee comprises syndicate members from the Lloyd’s Market Association and representatives from the London insurance company market and its guidance influences underwriters’ considerations over insurance premiums. The extended high-risk zone takes in more of the Red Sea coast adjacent to Saudi Arabian ports and reaches close to the Saudi port of Jizan, The JWC said in a July 29 advisory. Read more: Drone Strike Near Suez Canal in Egypt Raises New Security Threat in Widening…

Insurance claims from this week’s earthquake in Japan may top the 175 billion yen ($1.1 billion) average for the country’s six previous major tremors, Bloomberg Intelligence estimated.”We estimate industry-wide insurance claims could reach the low hundreds of billions of yen,” BI analyst Steven Lam said in a report. Most of the exposure from the July 28 quake in Kumamoto is tied to commercial properties, as well as residential coverage under Japan’s earthquake insurance system, he said. Japan’s three major private insurers — Tokio Marine Holdings Inc., Sompo Holdings Inc. and MS&AD Insurance Group Holdings Inc. — have budgeted a combined…

A drone strike on gas vessels in Egypt’s Mediterranean port of Damietta signaled a potential new front in the U.S.-Iran war, raising the prospect of threats to navigation through the Suez Canal, a last remaining safe export route for Saudi oil. The Egyptian cabinet said on Thursday that an initial investigation showed that an unidentified drone caused a fire on Wednesday on two vessels at Damietta port, near the Suez Canal, which links the Mediterranean to the Red Sea. It said no party had claimed responsibility and authorities were taking measures to protect Egypt’s national security. Trading sources familiar with…

The US imposed sanctions on two Iranian companies that charge for safe passage through the Strait of Hormuz, an attempt to loosen Tehran’s grip on the vital waterway as hostilities between the countries resume. The Treasury Department on Wednesday announced new penalties on Persian Gulf Marine Insurance Company and HormuzSafe Marine Services Authority, which it said force commercial vessels to purchase mandatory maritime “insurance” to transit Hormuz. The US, which has blockaded Iran’s ports as part of its effort to pressure Tehran into capitulation, also sanctioned eight companies operating “shadow fleet” vessels transporting Iranian oil. US forces have repeatedly tried…

Newswise — Nearly 6 in 10 New Jersey adults support regulating how artificial intelligence (AI) chatbots interact with users seeking mental health advice, according to a study conducted by the Eagleton Center for Public Interest Polling, home of the Rutgers-Eagleton Poll, in collaboration with the Center for Health Services Research at the Rutgers Institute for Health, Health Care Policy and Aging Research. The research, published in Health Affairs Scholar, explored data from a statewide poll of 1,568 adults contacted through the Rutgers-Eagleton/SSRS Garden State Panel from March 27 to March 30. The full sample has a margin of error of…

The Federal Trade Commission, Utah and Los Angeles County sued Hims & Hers Health Inc. Wednesday for allegedly misleading consumers about its products and sharing their private health information with Meta Platforms Inc. and Snap Inc. Hims shares extended losses to drop as much as 16% after the suit was filed, the most intraday since May 12. In a lawsuit filed in California federal court, the agency said Hims failed to disclose to consumers that they were purchasing a subscription, made it too difficult to cancel and mislead them about the privacy of their information by sharing it with the…

President Donald Trump asked the US Supreme Court to consider overturning an $83.3 million jury verdict against him in a defamation suit by the writer E. Jean Carroll, according to a copy of the petition reviewed by Bloomberg News. Trump filed his appeal with the Supreme Court on Tuesday, according to a person familiar with the matter who asked not to be identified as the filing isn’t yet visible on the court’s docket. The Justice Department also urged the court to hear the case, the person said. Under its normal scheduling practices, the court will say later this year whether…

Travelers is making its product liability insurance product for life sciences companies to California. The company’s Travelers Synergy has now rolled out in all 50 states. Travelers Synergy is designed to protect life sciences companies against product-related claims at any point in the product development life cycle. Core coverage addresses bodily injury and property damage, and it can be supplemented with add-ons. Add-ons include: Errors and omissions liability. Product recall expenses. Clinical trial medical expenses. Travelers introduced a broader sales professional liability coverage for life sciences companies whose sales representatives work in operating rooms, procedure rooms or other clinical settings.…