Midyear Prop-Catastrophe Reinsurance Capacity Down for 1st Time in Decades: Aon July 1, 2022 For the first time since the devastating U.S. hurricanes of 2004 and 2005, property-catastrophe capacity contracted during the June/July reinsurance...
Grocery Chain Wegmans Settles with New York Over Data Breach July 1, 2022 By Jonathan Stempel The supermarket chain Wegmans agreed to pay $400,000 and upgrade its security practices over a data breach that exposed personal...
Tesla Faces New Lawsuit Alleging Racial Abuse Against Black Workers July 1, 2022 By Hyunjoo Jin Fifteen Black former or current employees at Tesla filed a lawsuit against the electric car maker on Thursday, alleging they...
McDonald’s Franchise Owner Consents to $1.6M Settlement of Sex Harassment Suit July 1, 2022 Coughlin, Inc., a Vermont-based company that owns 10 McDonald’s franchise restaurants in Vermont and New Hampshire, will pay $1,600,000 and...
Brand Appointed Group CEO of Convex July 1, 2022 The Board of Convex Group Ltd., the Bermuda-based specialty re/insurer, announced that Paul Brand, who founded the business in 2019...
ESG Managers Say Wave of Probes, Scorn Heralds Better Days Ahead July 1, 2022 By Isabelle Lee and Peyton Forte ESG investment strategies are being probed for deceptive labeling, criticized for excluding firms like Tesla Inc. and questioned as to...
U.S. Supreme Court Limits Federal Power to Curb Carbon Emissions July 1, 2022 By Lawrence Hurley and Valerie Volcovici Conservative justices power 6-3 ruling; liberals dissent Ruling curbs EPA ability to regulate power plant emissions Biden vows to tackle...
Governor, Florida Cat Fund Board Agree to Raise Premiums for Insurers July 1, 2022 Florida property insurers have another cost increase to manage after the Florida Hurricane Catastrophe Fund was approved for a premium...
Gone with the Flo: Progressive Stops Writing DP-3 Policies in Florida July 1, 2022 By William Rabb Eight months after it stopped renewing homeowners and rental property policies in Florida, Progressive Insurance announced it will now stop...
Family Blames Fatal Wreck on PennDOT’s Failure to Fix Ditch July 1, 2022 By Michael Rubinkam Matt Neidlinger crested the hill of a narrow, twisty state road and found a nasty surprise waiting for him at...