Economic & Analysis News

LONDON--(BUSINESS WIRE)--AM Best will deliver its latest perspectives, examining trends in the global (re)insurance industry, together with an outline of Italy’s insurance market segment outlooks, in a market briefing scheduled for 17 June 2026, in Milan, Italy. Vincenzo Cacìa, CEO, Guy Carpenter Italy, will deliver a guest presentation on Italy’s reinsurance market. The market briefing this year is scheduled to take place from 9:30 a.m. to 2:00 p.m. (CEST) at The Westin Palace Milan, and will...

OLDWICK, N.J.--(BUSINESS WIRE)--Average annual rate increases for U.S. private passenger auto and homeowners’ policies shifted back to pre-pandemic levels in 2025, following years of large increases amid elevated losses in each line of business, according to a new AM Best report. The average approved rate increase for homeowners’ policies dropped off 5.2 percentage points to 8.3% in 2025, compared with a year earlier. For private passenger auto (PPA), the average approved rate increase was 3.7%...

BASKING RIDGE, N.J.--(BUSINESS WIRE)--The average price of a Jersey Shore vacation in 2026 is going to require more financial planning than in previous years. Research conducted by Affinity Federal Credit Union found prices increased an average of 11.29% year-over-year (YoY), erasing the 5% YoY decrease beachgoers enjoyed the previous summer season. Collected in spring 2026, the data revealed increased prices across various categories that make up the quintessential Jersey shore experience. Foo...

CARACAS, Venezuela--(BUSINESS WIRE)--The Bolivarian Republic of Venezuela announces today its decision to initiate a comprehensive restructuring of its external public debt obligations. CONTEXT & RATIONALE Over the past decade, Venezuela's economy has been severely impacted by external shocks – from the end of the commodity super-cycle to foreign sanctions and COVID-19 – resulting in a sharp economic contraction, a protracted default since 2017, and a ballooning of public sector liabilities...

BOSTON--(BUSINESS WIRE)--Santander Holdings USA, Inc. (“Santander US”) today announced findings from the latest Santander US Paths to Financial Prosperity quarterly study showing middle-income Americans are financially resilient even as affordability considerations reshape household decision-making. In Q1 2026, nearly 8 in 10 (78%) say they are on the right track toward financial prosperity, while the share feeling financially insecure fell to a survey low. Vehicle access remains a top priority...

OTTAWA--(BUSINESS WIRE)--The majority of Ontario’s 136 hospitals have carried operational deficits since 2022, and this puts an already precarious public system at risk, says new analysis from the Canadian Centre for Policy Alternatives (CCPA). In Failure, By Design: Ontario’s deepening hospital funding crisis, CCPA’s senior researcher Andrew Longhurst finds that rising hospital costs of six per cent annually and government underfunding are creating a toxic situation that undermines the goal of...

MALVERN, Pa.--(BUSINESS WIRE)--Americans are projected to spend $165 billion on pet care in 2026, according to a new research brief from Triple-I....

SEATTLE--(BUSINESS WIRE)--Fifty-eight percent of cybersecurity leaders would consider paying cybercriminals to end a ransomware attack, with 46 percent ranking operational downtime as the most significant impact ransomware is likely to have on their organizations. These are among findings revealed in The Ransomware Reality: Zero Days to Recover. This new report from Absolute Security includes results from a survey of 750 enterprise Chief Information Security Officers (CISOs) across the United S...

WINDSOR, Conn.--(BUSINESS WIRE)--SS&C GlobeOp Hedge Fund Performance Index: April performance 3.74%; Capital Movement Index: May net flows advance 0.72%...

MADISON, Wis.--(BUSINESS WIRE)--Navitus today released its 10th annual Drug Trend Report, “Clarity for Action,” the company’s flagship annual analysis of prescription drug cost trends. The report details how utilization growth and therapeutic innovation drove prescription drug costs in 2025 and outlines clear actions for health plans and plan sponsors to counter accelerating pressure. Across the Navitus commercial book of business, net prescription drug costs increased 8.4%, up from 7% in 2024,...