Economy
Economic news and global market trends
WTW Q3 Revenue Rises 7.6% as Middle East Headwinds Narrow Career Outlook
WTW posted 4% organic growth in Q3 and held its 2026 outlook near the lower end of mid-single digits; Middle East conditions weighed on career work.
Prediction Markets Offer Businesses New Ways to Hedge Freight and Weather Risk
Companies are testing event contracts to offset freight, tariff and weather exposure, though liquidity and payout mismatches limit their reach.
Expedia Faces Lawsuit Over Allegations of Inflated Hotel Prices
A class-action lawsuit claims Expedia Group is inflating hotel rates by restricting pricing options for hotels, impacting travelers' costs significantly.
Marsh Raises Cost Savings Goal Amid Rising Revenue and Profit
Marsh has boosted its cost savings target to $600 million while reporting an 8% rise in third-quarter revenue, despite a decline in reinsurance income.
Marchesi Antinori Faces $6 Million Loss from Wine Heist Due to Insurance Gaps
Marchesi Antinori's $6 million wine heist loss exposes significant underinsurance, raising concerns about security vulnerabilities at the Tuscan winery.
Rising Casualty Insurance Claims Pressure Asia's Market
Casualty claims in Asia are increasingly frequent and costly, surpassing general inflation, driven by elevated labor and material costs.
Corteva Faces Lawsuit Over Vylor Spinoff Amid Allegations of PFAS Liability Shielding
Fifteen states have filed a lawsuit against Corteva, claiming its Vylor spinoff was a tactic to evade significant PFAS contamination liabilities.
NFP Appoints Kate Henry as President of U.S. Regions
NFP has promoted Kate Henry to the newly established role of president of U.S. regions, overseeing regional leadership across its brokerage divisions.
Oregon Court Reverses Trader Joe's Workers' Comp Claim Closure Due to Legislative Update
An Oregon court has overturned Trader Joe's closure of a workers' compensation claim, citing new claims-processing rules that apply retroactively.
Oil Shipping Costs Surge Amid Supertanker Shortage
A global shortage of supertankers is increasing oil shipping costs, potentially making long-distance crude transport economically unviable.
Florida Court Confirms Jurisdiction in Yacht Dispute with Taiwanese Insurer
A Florida appeals court allows a yacht manufacturer’s lawsuit against a Taiwanese insurer to proceed, rejecting forum clause exclusivity.
California Workers’ Compensation Sees Surge in Medical Payments Post-Pandemic
California's workers' compensation claims reveal rising medical expenses, with construction claims notably exceeding statewide averages.
Howden Granted Extension in Brown & Brown Employee Raid Litigation
A judge has extended Howden's deadline to produce documents in a lawsuit over alleged employee and client poaching until October 16.
Stronger El Niño Forecasted to Become a Historic Weather Phenomenon
El Niño's intensification may reach record levels, significantly impacting global weather patterns and inflationary pressures across multiple sectors.
Event Center Prevails Against Insurer in Fraud Allegation Over Protest Damage Claims
A jury ruled against Great American Insurance's fraud claims, upholding an event center's $986,000 appraisal award for damages from the George Floyd protests.
Markel Appoints Jonathan Handen to Lead Trade Credit and Political Risk Business in the Americas
Jonathan Handen has been appointed head of trade credit and political risk for Markel in the Americas, succeeding retiring executive Arjan van de Wall.
Insurance Adjuster's Fall Reveals Comedic Chaos in South Carolina Kitchen
A kitchen inspection in South Carolina ended in slapstick after an adjuster fell through the ceiling, leaving the homeowner amused and curious about the claim's outcome.
Nepal's Flooding Results in $130 Million in Hydropower Insurance Claims
Nepal confronts over $130 million in hydropower-related insurance claims stemming from devastating August floods that caused extensive economic damage.
Ukrainian Insurance Sector Sees 16% Growth in Premiums for 2026
Ukrainian insurers reported a 16% year-on-year increase in gross written premiums, reaching over $866 million in the first half of 2026.
U.K. Air Traffic Control System Failure Causes Massive Flight Cancellations
A technical glitch in the U.K.'s air traffic control system resulted in over 2,000 flight cancellations, raising concerns about previous failures.