Denmark plans to set aside almost $1 billion to insure its merchant fleet in the event of a war or major crisis. The government proposed the new legislation as a “timely precaution,” according to a statement on Thursday. The funding …
Denmark Plans $1 Billion War Insurance for Merchant Shipping Read More »
Berkshire Hathaway BRKa.N has held up well in a rocky year for stocks, and shareholders this weekend will be seeking reassurance from Warren Buffett that they remain in good hands as tariff turmoil disrupts corporate America. At Saturday’s annual meeting …
Berkshire Outguns Market as Buffett Reaches 60 Years in Charge Read More »
Reinsurance prices have dropped since Florida’s 2022-2023 litigation reform measures were enacted, but the biggest rate reductions are mostly for reinsurance above what the Florida Hurricane Catastrophe Fund provides, Citizens Property Insurance Corp. officials said this week. “Rate reductions are …
Florida Citizens ‘Going Naked’ on Re Below Cat Fund Layer; Could Mean Assessment Read More »
California’s Attorney General has filed a lawsuit against a national sanitation company for allegedly using “no-poach” agreements. California Attorney General Rob Bonta announced the lawsuit this week against Packers Sanitiation Services, Inc. LTD., doing business as Fortrex (PSSI). The suit, …
California Attorney General Suing Cleaning Company Over ‘No-Poach’ Deals Read More »
Harvard University is promising to review its academic offerings and admissions policies in response to a pair of internal reports on antisemitism and anti-Arab prejudice at the Ivy League campus commissioned in the aftermath of last spring’s pro-Palestinian protests. Harvard …
Harvard Vows Reforms Following Internal Reports on Antisemitism and Anti-Arab Bias Read More »
Last year, New York City settled 13,397 claims against it for a total cost of $1.94 billion, the most ever for one fiscal year, up from $1.5 billion in fiscal year 2023, the city’s financial monitor has reported. Police ($309.56 …
Dashboard Shows New York City Paid Almost $2 Billion to Settle Claims in 2024 Read More »
American International Group (AIG) reported first quarter net income attributable to shareholders of $698 million, down 41.5% from the same period a year ago. First quarter underwriting income in AIG’s General Insurance segment—North America commercial, International commercial, and global personal—dropped …
AIG Q1 Underwriting Income More Than Halved on Wildfire Losses Read More »
This post is part of a series sponsored by EZLynx. For independent agents, crafting the perfect email—whether it’s for a new policyholder, a renewal reminder, or a marketing campaign—can be surprisingly time-consuming. Making sure every message hits the mark can …
Republicans moved a step closer Thursday to repealing a federal waiver allowing California to ban gasoline-powered cars by 2035, a policy that had drawn opposition from automakers, fuel producers and President Donald Trump himself. The U.S. House voted 246-164 to …
California’s Ban on Gasoline Cars Is Overturned by US House Vote Read More »
The Trump administration sued Michigan and Hawaii seeking to block the states from suing oil companies for damage caused by climate change, less than two months after the US Supreme Court rebuffed a Republican bid to derail such legal efforts. …
Trump Administration Sues Michigan to Halt State’s Fossil Fuel Lawsuit Plan Read More »
