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California Earthquake Authority Selling Debt to Avoid Paying More for Coverage

A state-managed earthquake insurer for homeowners in California is opting to borrow from the public debt market in lieu of paying for additional coverage that would shield it against risks. The California Earthquake Authority plans to sell $250 million of …

15 Firefighters Injured Fighting Virginia Warehouse Fire

Fifteen firefighters were injured fighting a large blaze at a fertilizer warehouse in South Hill, Virginia on Saturday. The firefighters were hospitalized due to chemical exposure, heat exhaustion and minors scrapes and burns. All were treated and released Sunday. The …

Former USAA CEO Robles, 78, Dies

Former USAA chief executive officer Josue “Joe” Robles Jr., 78, died July 4. In a post to X, the company said: “Joe was a soldier at his core, and his service included multiple deployments and several distinguished honors. General Robles …

Pennsylvania Task Force Urges Tax Breaks for Flood Damage, Mitigation and Insurance

Pennsylvania lawmakers should consider granting homeowners tax breaks for water damage expenses, mitigation and repair costs, and flood insurance premiums, according to a new state report. Those are several of the recommendations by a task force that studied ways to …

Search Suspended for Missing Boater in Lake Erie After 2 Rescued, 1 Dead

CLEVELAND (AP) — Authorities have suspended the search for a missing boater in Lake Erie after rescuing two others and pulling another person from the water who later died. The U.S. Coast Guard Great Lakes station said a distress call …

More Than 2.3 Million Texans Without Power as Hurricane Beryl Moves Inland

Hurricane Beryl has knocked out power for more than 2.3 million Texas customers, as of 10:27 a.m. Monday, based on estimates from PowerOutage.us and CenterPoint Energy. Outages are most extensive in the Houston area and coastal counties including Matagorda, where …

New State Climatologist For Louisiana Warns of ‘Very Active’ Hurricane Season

BATON ROUGE, La. (AP) — Louisiana Gov. Jeff Landry announced last week that Jay Grymes, the chief meteorologist for WAFB-TV in Baton Rouge, will serve as the new state climatologist. Among responsibilities in his role, Grymes will be tasked with …

People Moves: Grant Joins MGA Devonshire as Underwriting Manager; Generali GC&C Makes 3 Key Appointments in Mediterranean and LatAm Region

This edition of International People Moves details appointments at the MGA Devonshire Underwriting and Generali Global Corporate & Commercial (GC&C), . A summary of these new hires follows here. Grant Joins MGA Devonshire Underwriting as Underwriting Manager Devonshire Underwriting, the …

ESG Investing Rule Presents Early Test on Limits of US Agency Powers

A challenge to a Biden administration rule allowing socially conscious investing by employee retirement plans will present an early test of how courts will scrutinize federal regulations after the U.S. Supreme Court said they no longer have to defer to …

Ardonagh Advisory Acquires UK’s Rollinson Smith Insurance Brokers

Ardonagh Advisory has acquired Rollinson Smith Insurance Brokers (RSIB), a UK community broker that operates in the Shropshire, Staffordshire, West Midlands and North Wales regions with significant reach in London as well as other areas of the country. Financial details …

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