The Tampa Bay Rays and local officials announced a tentative $2.3 billion agreement on Thursday for a new ballpark funded by public and private money. The nonbinding memorandum of understanding among the Rays, Hillsborough County and the city of Tampa …
Tampa Bay Rays and Local Officials Announce Tentative $2.3B Deal for New Ballpark Read More »
It appears as though auto and home insurers have caught up, appropriately matching premium to risk in their portfolios. According to a new report from insurance industry rating agency AM Best, rate increases for homeowners and private passenger auto insurance …
US Personal Lines Insurers Ask for Less Rate After Period of Catch-Up Read More »
Winds that drove a fast-moving brush fire across Southern California’s Simi Valley eased overnight, slowing the blaze’s spread, but dangerous conditions persist as hundreds of firefighters tackle the flames. Fire activity decreased significantly overnight due to calmer winds along with …
California Fire Spread Slows But Dangerous Conditions Linger Read More »
A federal judge has blocked the Trump administration’s sweeping demands for confidential transgender patient information from Rhode Island’s largest hospital that provides gender-affirming care to minors. U.S. District Judge Mary McElroy’s Wednesday ruling is the latest setback for the U.S. …
Judge Blocks Trump DOJ’s Demand for Rhode Island Transgender Kids’ Medical Records Read More »
A federal jury has awarded $49.5 million to the family of a 24-year-old global nonprofit worker killed in the 2019 crash of a Boeing 737 Max jet in Ethiopia while traveling to her first major assignment. The verdict, reached last …
Jury Awards $49.5M to Massachusetts Family of Woman Killed in 2019 Boeing Max Crash Read More »
The World Bank has priced a new catastrophe bond designed to help Jamaica cope with the threat of hurricanes. The $200 million bond was oversubscribed by investors, the World Bank said in a statement. The deal comes less than a …
World Bank Prices $200 Million Catastrophe Bond for Jamaica Read More »
Starr, the New York City based insurance group, announced the opening of a new office in Hamburg, marking the further expansion of Starr’s presence in Germany and representing an important milestone in the company’s European growth strategy. The new office …
Starr Europe Insurance Opens Office in Hamburg, Germany Read More »
Pollution from coal-fired power plants that can block sunlight is significantly cutting global solar output, and potentially causing an overestimation of climate progress, according to a new study. Aerosols — tiny particles released from the burning of fossil fuels as …
Pollution From Coal Is Hurting Global Solar Output, Study Finds Read More »
The Strait of Hormuz remains effectively closed to commercial shipping, with maritime traffic reduced to a trickle and dominated by Iranian-linked vessels. There were few notable foreign-affiliated movements amid reports of Iran’s Bitcoin-backed insurance program for shipping companies willing to …
Few Foreign Ships Seen in Hormuz Amid Reports of Iran’s Insurance Plan Read More »
Standard Chartered will eliminate more than 7,000 jobs over the next four years as it seeks to replace “lower-value human capital” with technology, becoming one of the top names in finance to target headcount cuts using artificial intelligence. The London-headquartered …
StanChart to Cut Over 7,000 Jobs, Boost AI to Replace ‘Lower-Value Human Capital’ Read More »
