Schools were closed and residents were ordered to shelter-in-place Tuesday after a large fire broke out at an aerospace manufacturer’s facility in a town north of Philadelphia, officials said. The fire broke out at SPS Technologies in Jenkintown around 9:30 …
Florida-based insurance broker King Risk Partners announced its acquisition of the Kerr Agency Inc., an independent insurance agency located in Simsbury, Connecticut. This strategic acquisition furthers King Risk Partners’ expansion across the Northeast. Kerr is King’s fifth agency in Connecticut. …
A former Ohio insurance agent was sentenced this month to five years of probation for thefts exceeding $1.4 million. Rhonda Chandler, of the Columbus area, stole and misappropriated funds, including premiums for pre-need life insurance policies, commonly known as burial …
AM Best has revised the implications of the under review status to positive from developing for the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” (Fair) of Farm Bureau Mutual Insurance Company of Arkansas, …
Winter storms and record-breaking cold will descend on the central and southern US this week, snarling transportation and putting the vulnerable Texas power grid to yet another test. Temperatures are forecast to drop to 15F (-9C) in Dallas Wednesday night, …
New policies from the top U.S. securities regulator hand corporate boards more power over investors in ways that could curtail investor-initiated reform efforts on everything from climate policy to director contests, experts say. Since last month when U.S. President Donald …
The Trump administration is planning to lay off at least 40% of the workers at the federal agency that provides mortgage insurance on loans for people who otherwise wouldn’t qualify for one, according to two sources familiar with the agency’s …
Mastercard Inc. unfairly reduced a £10 billion ($12.6 billion) class action case to a settlement of just £200 million, according to the firm that funded the lawsuit. The credit-card company “skillfully maneuvered” claimant Walter Merricks and his lawyers by offering …
Farmers said on Wednesday that it expects losses from the Los Angeles wildfires last month to reach an estimated $600 million. Insurance companies have so far paid out more than $6.9 billion for losses from the biggest two of the …
With heavy snow and ice on the way, North Carolina’s governor on Tuesday issued an emergency declaration, waiving weight and registration checks for some trucks and hourly limits on drivers delivering essential items. The waivers could potentially play a role …
