Tue, 25 Feb 2020 13:19:53 +0000
The cost of insuring against sovereign debt defaults by Gulf Arab states has risen in recent days as markets price the risk the coronavirus outbreak represents for the crude export-dependent region. Conventional spreads on the five-year credit default ...
Tue, 25 Feb 2020 13:14:46 +0000
Iran’s coronavirus death toll rose to 16 on Tuesday, the most outside China, heightening its international isolation as dozens of worst-hit nations from South Korea to Italy accelerated emergency measures to curb the epidemic’s global spread. Believed ...
Tue, 25 Feb 2020 12:44:21 +0000
The Environmental Protection Agency on Thursday announced it was awarding Virginia over $700,000 in grant funding to assist with identifying sources of lead in drinking water in schools and child care facilities. The $737,000 will go to the Department ...
Tue, 25 Feb 2020 12:38:03 +0000
A federal appeals court in New York gave its approval Thursday to a $6.7 million award for nearly two dozen graffiti artists whose spray paintings at a once-famous site that attracted thousands of spectators were destroyed to make room for …
Tue, 25 Feb 2020 12:33:04 +0000
The Vermont House has given preliminary approval to legislation that sets requirements and deadlines for reducing greenhouse gas emissions in the state. The so-called Global Warming Solutions Act was up for final approval on Friday. The bill would requ...
Tue, 25 Feb 2020 08:05:44 +0000
Parts of Indonesian capital and its suburbs were flooded after two tropical cyclones off the nation’s coast triggered heavy rainfall overnight, inundating houses in low-lying areas and causing a power outage. More than 80 spots of flooding were reporte...
Tue, 25 Feb 2020 07:40:19 +0000
Arch Capital Group Ltd. has entered into a share purchase agreement with Natixis regarding the acquisition of a 29.5% stake in Coface, a France-based trade credit insurer. The transaction will be completed at a price of €10.70 per share, corresponding …
Tue, 25 Feb 2020 06:00:56 +0000
Newfront Insurance in San Francisco, Calif., has named Seth Word principal and head of agribusiness. At Newfront, he’ll oversee all aspects of cannabis as well as agriculture and horticulture coverage. Prior to joining Newfront, Word founded and lead C...
Tue, 25 Feb 2020 06:00:35 +0000
Reno, Nev.-based LP Insurance Services LLC has named Brian Cushard vice president of strategic growth. Cushard will concentrate on acquisitions, operational enhancements and growth throughout LP Insurance Services. He was with Woodruff Sawyer and Beech...
Tue, 25 Feb 2020 06:00:31 +0000
Warren Buffett on Saturday called on corporate America to make their boards of directors more accountable to shareholders and less beholden to chief executive officers, perhaps by reducing their pay and requiring that they buy more stock. In his annual …
Tue, 25 Feb 2020 05:46:54 +0000
Highway traffic fatalities in Kentucky increased by 10 last year, according to a preliminary count. According to initial data, there were 734 fatalities in 2019, compared to 724 in 2018, the Kentucky Transportation Cabinet’s Office of Highway Safety sa...
Tue, 25 Feb 2020 05:16:03 +0000
It’s no surprise that Florida carriers are raising homeowners’ insurance rates given several years of catastrophes and losses from litigation related to assignment of benefits and water damage claims. What may be surprising for insureds, however, is ho...
Tue, 25 Feb 2020 05:00:26 +0000
Authorities say they’re testing the air quality after a pipe ruptured, prompting the evacuations of more than 300 residents and sending dozens of people to hospitals. The Mississippi Department of Emergency Management said 46 people were treated at are...
Tue, 25 Feb 2020 02:05:44 +0000
The National Transportation Safety Board will hold a public hearing on Tuesday to establish the probable cause of a fatal March 2018 Tesla Autopilot crash in California and will issue a series of safety recommendations, two people briefed on the …
Mon, 24 Feb 2020 19:00:01 +0000
The U.S. Supreme Court on Monday handed a victory to Walgreens, turning away an appeal by a fired former Florida employee of the pharmacy chain who asked not to work on Saturdays for religious reasons as a member of the …
Mon, 24 Feb 2020 17:51:31 +0000
A federal judge on Friday ordered attorneys for the U.S. Coast Guard and a maritime salvage company to answer detailed questions about plans to remove an overturned cargo ship on the Georgia coast by sawing it into eight enormous chunks. …
Mon, 24 Feb 2020 15:41:35 +0000
Jurors have awarded $3,500 to a woman who was shocked three times with a stun gun after a St. Louis, Mo., march protesting police misconduct. The St. Louis Post-Dispatch reports that jurors found in favor of University City School Board …
Mon, 24 Feb 2020 15:38:11 +0000
Cyber Insurance startup At-Bay raised a new $34 million venture capital round, CEO and Co-Founder Rotem Iram disclosed in a recent blog posting. Plans call for the money to be used to grow the managing general underwriter’s offices in New …
Mon, 24 Feb 2020 15:37:53 +0000
A man was struck and killed by a Mardi Gras float during a raucous Saturday night street parade in New Orleans, becoming the second person in days killed along a parade route during this year’s Carnival season, authorities said. The …
Mon, 24 Feb 2020 15:34:37 +0000
Louisiana can soon start spending $1.2 billion in federal cash to fortify communities against future flood risks, after the governor’s office announced Friday that federal officials have approved the state’s plan for the funds. The dollars, overseen by...
Mon, 24 Feb 2020 15:31:20 +0000
Jacob William Dahl was a 19-year-old Northern State University student when he was killed after running into the back of a soybean truck while looking at his cellphone. Dahl, a 2013 graduate of Castlewood High School, was “the greatest kid …
Mon, 24 Feb 2020 15:28:12 +0000
A deer sent flying when it was hit by a car in southeast Iowa crashed through the window of a second car, killing its driver, the Iowa State Patrol said. The accident occurred a little after 7 p.m. Wednesday on …
Mon, 24 Feb 2020 15:24:03 +0000
The pilot of a helicopter that crashed into a Southern California hillside, killing Kobe Bryant and eight others, was reprimanded five years ago for flying into airspace that had reduced visibility without permission, according to a Federal Aviation Ad...
Mon, 24 Feb 2020 15:22:43 +0000
Every month, the 30 staffers at Chris Boehlke’s public relations firm each get $100 to pay for anything that contributes to their wellness. And not just for typical expenditures like gym memberships or yoga classes. “You can get nails done, …
Mon, 24 Feb 2020 14:22:00 +0000
Wells Fargo & Co. has agreed to pay $3 billion to resolve criminal and civil probes into fraudulent sales practices and has admitted to pressuring employees in a fake-accounts scandal, U.S. officials said on Friday, wrapping up one of the …
Mon, 24 Feb 2020 14:08:47 +0000
An independent investigation requested by Brazilian iron ore miner Vale SA into the causes of the Brumadinho tailings dam disaster that killed 270 people a year ago found the company knew about the problem but failed to deal with it. …
Mon, 24 Feb 2020 14:06:44 +0000
Warren Buffett doesn’t expect Todd Combs, one of his two key investing deputies, to be at auto insurer Geico long. Buffett’s Berkshire Hathaway Inc. tapped Combs in December to become chief executive officer of its Geico unit. He replaced Bill …
Mon, 24 Feb 2020 13:32:28 +0000
Aon plc named Eric Andersen as president of Aon, reporting to Greg Case, the firm’s CEO. Since May 2018, Andersen and Michael O’Connor had served as Aon co-presidents. Aon said O’Connor is departing Aon to pursue new opportunities after 12 …
Mon, 24 Feb 2020 13:23:41 +0000
Full-year insurance results at Berkshire Hathaway disappointed in 2019, with after-tax earnings from underwriting falling to $325 million in 2019 compared to $1.6 billion in 2018. Earnings from primary insurance operations were lower in 2019 and losses...
Mon, 24 Feb 2020 12:28:29 +0000
Blackboard Insurance has announced the approval of its commercial insurance package in Virginia, bringing capabilities to middle market customers in 47 states and territories. Blackboard’s commercial insurance package includes property, general liabili...