California Approves FAIR Plan Request to Assess Insurers $1B for Wildfire Claims February 11, 2025 By Don Jergler California Insurance Commissioner Ricardo Lara approved a California FAIR Plan request for a $1 billion assessment on admitted market insurers...
Trump’s Cost-Cutters Look to Curb Deloitte, Other FEMA Contracts February 11, 2025 By Brody Ford and Zahra Hirji Federal cost-cutting initiatives pushed by President Donald Trump have turned their focus to the Federal Emergency Management Agency, where spending...
Fed’s Powell: Strong Economy Means No Hurry to Cut Rates February 11, 2025 By Howard Schneider The U.S. Federal Reserve is in no rush to cut its short-term interest rate again given an economy that is...
Booz Allen Scraps DEI Programs in Reaction to Trump Orders February 11, 2025 By Jeff Green Booz Allen Hamilton Holding Corp., a US government defense contractor, is ending its diversity, equity and inclusion programs, citing President...
UBS Whistleblower Verdict Thrown Out Despite Supreme Court Win February 11, 2025 By Jonathan Stempel A former UBS bond strategist who persuaded the U.S. Supreme Court to make it easier for corporate whistleblowers to win...
CFPB Disarray Puts Future Fintech, Bank Oversight Into Question February 10, 2025 By Paige Smith Less than two months ago, the Consumer Financial Protection Bureau was pumping out lawsuits against some of the world’s biggest...
Consumer Finance Watchdog Chief Tells all Staff to Cease Work February 10, 2025 By Douglas Gillison President Donald Trump’s newly installed chief of the U.S. Consumer Financial Protection Bureau told all of the agency’s staff on...
Farmers Turn to Airbnb, Corn Mazes to Outlast Agricultural Downturn February 10, 2025 By Heather Schlitz A dead-end dirt road cutting through rural Wisconsin leads to a pasture dotted with shaggy-coated Highland cattle, fluffy Icelandic sheep...
Q4 2024 Income at CNA Drops on Pension Settlement Loss February 10, 2025 CNA Financial Corp. reported fourth quarter 2024 net income of $21 million, down significantly from $367 million for the same...
Bringing Positive Vibes Back to Personal Lines Insurance February 10, 2025 By Susanne Sclafane Nationwide’s Casey Kempton has a vision to bring positive vibes back to engagements between personal lines insurers and their customers—and...