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AIG Q1 Underwriting Income More Than Halved on Wildfire Losses
First quarter underwriting income in AIG’s General Insurance segment dropped 59% compared to last year, to $243 million. The unit—North America commercial, International commercial, and global personal—recorded $525 million in catastrophe-related charges in Q1 2025, compared to $106 million for …
POSTED MAY 01, 2025 8:30 PM |
California’s Ban on Gasoline Cars Is Overturned by US House Vote
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 …
POSTED MAY 01, 2025 5:30 PM |
Trump Administration Sues Michigan to Halt State’s Fossil Fuel Lawsuit Plan
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. …
POSTED MAY 01, 2025 4:31 PM |
Ohio Eatery to Pay $125K Over Race Discrimination Lawsuit
Bennett Enterprises Inc., doing business as Ralphie’s Sports Eatery Company, will pay $125,000 and provide other relief to settle a race, disability and retaliation discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. According …
POSTED MAY 01, 2025 4:25 PM |
Fired State Employees Breached the Personal Data of 33K More Texans
Texas Health and Human Services Commission late Wednesday began notifying another 33,529 recipients of state benefits that their private information had been improperly accessed. The latest announcement comes as the state agency continues to investigate a series of breaches by …
POSTED MAY 01, 2025 4:22 PM |
Why the Green Hydrogen Industry Is Flocking to Texas
Despite federal policy uncertainty stunting growth prospects, US clean hydrogen industry leaders at the BloombergNEF summit see one bright spot: Texas. President Donald Trump’s tariffs are impacting the industry as are the murky fate of federal tax credits and the …
POSTED MAY 01, 2025 4:16 PM |
Southern Specialty Rebrands, Names Roberts President
Southern Specialty Underwriters, with offices in Tampa and in Macon, Georgia, said it has rebranded to Arbour Specialty, an insurance broker in the Southeast. The company also named Rebecca Roberts as its new president. Roberts has 30 years in the …
POSTED MAY 01, 2025 3:27 PM |
Judge Says Local Police Must Halt Enforcement of Florida Immigration Law
MIAMI (AP) — A federal judge told attorneys for the state of Florida on Tuesday that an order freezing the enforcement of a new state immigration law absolutely applies to all of the state’s local law enforcement agencies, despite a …
POSTED MAY 01, 2025 3:06 PM |
Florida Set to Be 2nd State to Ban Fluoride from Public Water Systems
TALLAHASSEE, Fla. (AP) — Florida is poised to become the second state to ban fluoride in public drinking water, overriding the concerns of dentists and public health advocates who say the mineral is a safe, effective way to protect people …
POSTED MAY 01, 2025 2:53 PM |
People Moves: SmartChoice Chooses Caldwell as CEO; Griffin Promoted to Zurich US Head of Multinational Underwriting; Burns & Wilcox Names New York, Chicago Leaders
SmartChoice Names Caldwell CEO Smart Choice, headquartered in Greensboro, North Carolina, restructured its executive leadership, naming Andrew Caldwell as CEO, while founder Doug Witcher has transitioned to the chairman of the board role. For the past decade, Caldwell has served …
POSTED MAY 01, 2025 2:45 PM |
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