News

Mutual Insurance Company of Arizona Declares $15M Dividend

The board of Mutual Insurance Company of Arizona declared a dividend for its policyholders totaling $15 million. The funds are to be allocated among current members, with plans for it tol be distributed in February 2024. The dividend represents roughly …

Oregon Judge Refuses to Dismiss 2015 Climate Lawsuit Filed by Youth

A judge in Oregon rejected a U.S. Department of Justice request to dismiss a 2015 lawsuit brought by young people that alleges the federal government knew the dangers posed by carbon pollution but that it has continued through policies and …

Inigo Issues 3rd Catastrophe Bond for $100 Million

Inigo Ltd. announced it has issued its third catastrophe bond for $100 million via Montoya Re Ltd. The cat bond will cover North American named storms and earthquakes and will use a PCS industry loss index trigger. The coupon is …

Google Must Bargain With YouTube Worker Union, US Labor Board Rules

Alphabet Inc’s Google violated U.S. labor law by refusing to bargain with a union representing contract workers for YouTube Music, a federal agency has ruled. The National Labor Relations Board (NLRB) in a decision on Jan. 3 rejected claims by …

People Moves: Gallagher Taps AIG’s Loesti as Chief Commercial Officer of European Broking; QBE Re Promotes 3 Global Product Heads in New York, London

Gallagher Taps AIG’s Loesti as Chief Commercial Officer, European Broking Nepomuk (Nepo) Loesti has joined Gallagher as chief commercial officer of its European broking operations. The newly created role will support the expansion of Gallagher in Europe, outside of the …

Driverless Truck Companies Plan to Ditch Human Copilots in 2024

Driverless trucks with no humans on board will soon cruise Texas highways if three startup firms have their way, despite objections from critics who say financial pressures, not safety, is behind the timetable. After years of testing, Aurora Innovation Inc., …

US Supreme Court to Hear Challenge to EPA’s ‘Good Neighbor’ Air Pollution Plan

The U.S. Supreme Court on late last month said it would hear a bid to block the Environmental Protection Agency from enforcing a federal regulation aimed at reducing ozone emissions that may worsen air pollution in neighboring states. Acting on …

Flooding at Boston Hospital Disrupts IVF Services for 200 Patients

Flooding from a burst water main at Boston`s Brigham and Women’s Hospital has disrupted services for about 200 patients seeking to have children through in vitro fertilization, leaving some of them devastated. The pipe burst about 1 a.m. on Christmas …

FDA Allows Florida to Import Cheaper Drugs From Canada

(Reuters) – The U.S. Food and Drug Administration (FDA) said on Friday it had authorized Florida to directly import prescription drugs from Canada, where prices of medicines are cheaper. The regulator said it was committed to working with other states …

Georgia Awards $189M Bridge-Raising Contract to Allow Bigger Cargo Ships

SAVANNAH, Ga. (AP) — The Georgia Department of Transportation said Wednesday it has chosen a general contractor to oversee a $189 million project to raise Savannah`s towering suspension bridge so that larger cargo ships can pass underneath and reach one …

News Archives by Month