Kroger Chairman and CEO Resigns Following Investigation Into Personal Conduct March 5, 2025 By Michelle Chapman Kroger Chairman and CEO Rodney McMullen has resigned after an internal investigation into his personal conduct. Kroger, the nation’s largest...
Rain in Carolinas May Dampen Wildfires But Threat of Tornadoes, More Fires Looms March 5, 2025 By Staff and Wire Reports The Carolinas saw some much-needed rainfall Wednesday morning, helping to quell wildfires that had burned more than 2,600 acres –...
Floods in Indonesia’s Capital Displace Thousands, Shut Factories March 5, 2025 By Norman Harsono and Eko Listiyorini Torrential rain triggered heavy flooding in Indonesia’s capital Jakarta and nearby cities, affecting more than 60,000 people and shutting down...
Marsh Acquires Milan-Based Brokerage Fontana Rava-Toscano & Partners March 5, 2025 Marsh, the insurance brokerage business of Marsh McLennan, announced that it has acquired Fontana Rava-Toscano & Partners (FRT), a Milan-based...
Frito-Lay Employee’s Injury in Hoops Tourney Ruled Out of Bounds for Workers Comp March 5, 2025 By Andrew G. Simpson A forklift driver for Frito-Lay who injured his achilles tendon playing in a company basketball game is not covered by...
Australia’s Insured Losses From Cyclone Alfred Could Top US$1.3 Billion: S&P March 5, 2025 Australia’s largest property and casualty (P/C) insurers should be well placed to manage claims stemming from tropical cyclone Alfred, which...
AM Best Downgrades Vermont Mutual to ‘A’ Rating; Cites Improvements in 2024 Results March 5, 2025 AM Best has downgraded the Financial Strength Rating to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Ratings...
Progressive’s Margins Leave Room for Tariff Impacts: CEO March 5, 2025 By Susanne Sclafane With its 2024 combined ratio falling comfortably more than 7 points below a targeted level of 96, Progressive has room...
CFPB Drops Suit Against US Banks Over Alleged Fraud on Zelle March 5, 2025 By Paige Smith The Consumer Financial Protection Bureau dismissed another Biden-era lawsuit, this one targeting some of the world’s largest banks for allegedly...
Texas Reports 13 New Measles Cases as CDC Arrives in State March 5, 2025 By Jessica Nix Texas reported 13 new cases of measles Tuesday even as the US Centers for Disease Control and Prevention is sending...