News

Texas Power Grid Operator Says State Is Better Prepared for Extreme Cold

Texas’ grid operator warned that the state should prepare for extreme cold this winter but said the state’s main power grid is better equipped than in previous years to withstand a powerful winter storm. At a board meeting on Tuesday, …

Illinois Roofing Contractor Cited Eighth Time for Safety Violations

For the eighth time since 2020, federal workplace safety inspectors have cited a Lake Zurich, Illinois roofing contractor for exposing workers to falls from elevation, the leading cause of fatal and serious injuries among people employed in the construction industry. …

Ivans Index Shows Most Commercial Lines Renewal Rates Up in November

Most major commercial lines premium renewal rates were higher month over month, except general liability, which remained consistent with October and Commercial Property and Workers’ Compensation which saw a decrease, according to the November 2024’s results of the Ivans Index. …

Investors With $9.5 Trillion Seek Mandatory Scope 3 Emissions Disclosures

An influential coalition of pension funds and insurance companies holding a combined $9.5 trillion of assets called on regulators to mandate corporate disclosures of so-called Scope 3 emissions. The Net-Zero Asset Owner Alliance said in a report published on Wednesday …

Alabama Singer/Public Adjuster Ordered to Wear Ankle Monitor, Stay Home

Austin Tanner, a claims adjuster and aspiring country singer from Alabama, has been confined mostly to his home and must wear an ankle monitor after he violated the terms of his bail bond and traveled to the Country Music Awards …

As Providence Mutual Exits Auto Insurance Business, Plymouth Rock to Get Renewals

Providence Mutual recently notified state regulators that it is exiting the auto insurance business for both commercial and personal lines in the four states where it currently offers the coverages – Connecticut, Maine, New Hampshire and Rhode Island. The company …

Florida Citizens Policy Count Dips Below 1 Million for First Time in Two Years

Florida’s Citizens Property Insurance Corp. has dropped below 1 million policies in force for the first time since July 2022, a milestone that officials said reflects an ongoing depopulation program and an improving market in the state. Since January of …

Amundi Interested in Buying Allianz Global Investors

Amundi SA is interested in acquiring control of Allianz SE’s asset manager Allianz Global Investors as the French company scouts for deals amid industry consolidation, people familiar with the matter said. Europe’s biggest asset manager has been holding on-and-off talks …

Grief, Then Confusion: Questions of Motive Emerge in UnitedHealthcare CEO’s Killing

UnitedHealth Group’s investor day turned from an ordinary corporate meeting in a midtown Manhattan hotel to a scene of stunned grief quicker than the health insurer could even react. “It was mid-presentation when everyone began to get the headlines,” said …

Chinese Hackers Breached Eight US Telecom Providers, White House Says

Chinese hackers compromised eight American telecommunications companies as part of a wide-ranging espionage effort to gather intelligence about prominent US citizens, Biden administration officials said Wednesday. Anne Neuberger, deputy assistant to the president and deputy national security advisor for cyber …

News Archives by Month