1 month ago
For four years, since Larry Lewis moved to Cranberry Village in Massachusetts he’s heard the rumble of trucks and excavators from a sand excavation site owned by cranberry grower A.D. Makepeace. The noise is a nuisance, but his real concern …
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1 month ago
Hackers have breached Jones Day and accessed the files of 10 clients, the law firm said on Monday. A prolific cybercriminal group known as Silent took credit for the attack, listing Jones Day among its victims on an extortion website. …
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1 month ago
The U.S. National Highway Traffic Safety Administration said on Monday it closed a probe into nearly 2.6 million Tesla vehicles over a feature allowing users to move cars remotely after finding it was linked only to low-speed incidents. The agency …
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1 month ago
Indiana-headquartered DOXA, a specialty insurance firm built on acquiring and growing program administrators and MGAs, has expanded into Florida with the acquisition of Jupiter Underwriting Group. The group is a managing general agent that specializes in admitted umbrella and follow-form …
1 month ago
The United States and Iran on Monday were weighing the framework of a plan to end their five‑week-old conflict, even as Tehran pushed back against pressure to swiftly reopen the Strait of Hormuz on the eve of a new ultimatum …
1 month ago
Georgia lawmakers passed a bill early Friday that would allow property owners to file claims against local governments if the individual believes policies that ban people from sleeping outside and require law enforcement to cooperate with federal immigration authorities were …
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1 month ago
AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “aa” (Superior) from “aa-” (Superior) and affirmed the Financial Strength Rating (FSR) of A+ (Superior) of Federated Mutual Insurance Company and its pooled subsidiaries, Federated Service Insurance Company, …
1 month ago
Old Republic International Corporation is forming a new operating company, Old Republic Property Inc., to underwrite specialized property insurance products through a national retail broker distribution network, the company announced on Monday. The company will be led by Patrick Hagerty …
1 month ago
Several people were injured when a vehicle struck revelers at a parade celebrating the Lao New Year on Saturday in rural Louisiana, authorities said. The driver was quickly arrested and charged with impaired driving, police said. Video shared on social …
1 month ago
A Southern California wildfire that prompted evacuation orders is now nearly fully contained, according to fire officials. The Springs Fire in Riverside County grew to roughly 4,176 acres, but is now 95% contained. The fire had been just 25% contained …
1 month ago
Lawyers for the family of an Oklahoma junior college basketball player who died after suffering a head injury during a game said Thursday the student had been struck by another player’s elbow and accused the team of not providing proper …
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1 month ago
The U.S. Environmental Protection Agency and Department of Health and Human Services announced that they will monitor the impact of microplastics and pharmaceuticals on drinking water, the first step toward assessing their health risks and shaping new policies. The joint …
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1 month ago
Old Republic International Corporation said it is forming a new operating company, Old Republic Property, Inc., to underwrite specialized property insurance products through a national retail broker distribution network. The company will be led by Patrick Hagerty as president. Hagerty …
1 month ago
The US is doubling, to $40 billion, its commitment to provide reinsurance guarantees to ships willing to travel through the Strait of Hormuz with the addition of new insurance partners, including AIG and Berkshire Hathaway. The move announced Friday is …
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1 month ago
The University of South Carolina women’s basketball team saved the insurer for a New England furniture company millions of dollars by beating the University of Connecticut team 62-48 last Friday night. At the same time, 20,000 New Englanders missed a …
Andrew G. Simpson
1 month ago
Some investors think private credit is a tempest in a teapot. Others think it is about to spark a new financial crisis. Depending on the time horizon, both sets of views about the esoteric sector may be right. Signs of …
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1 month ago
Of all the things Donald Trump has done to disrupt global commerce, from levying punitive tariffs to tearing up trade deals, few would be as consequential as withdrawing and leaving the rest of the world to secure the Persian Gulf. …
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1 month ago
The U.S. federal watchdog agency for consumer finance expects to finalize new regulations proposed in November that would narrow key civil-rights-era antidiscrimination requirements for lenders, according to a government website. The new policy from the Consumer Financial Protection Bureau would …
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1 month ago
The Federal Bureau of Investigation has concluded that last month’s breach of the networks it uses to manage wiretaps and other surveillance work qualifies as a “major incident,” signaling the severity of an intrusion that had already prompted the agency …
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1 month ago
Liberty Mutual Insurance late last week announced a new leadership structure across the company’s Global Risk Solutions (GRS) and Liberty Mutual Investments (LMI) businesses. Vlad Barbalat has been appointed president, Global Risk & Capital Solutions, and will continue to serve …