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INSURANCE NEWS
Missouri Contractor Faces $180K Judgment Over Fraudulent Home Repairs
Missouri Attorney General Hanaway announced that her office secured more than $180,000 in a restitution judgment against Daniel M. Carbone, owner of Concrete Impressions. Carbone was sentenced on 12 felony counts related to contractor fraud stemming from deceptive home repair …
Scientists Researcher Deeper-Rooted Crops to Combat Climate Change
Research scientist Ashish Rajurkar kneels in the dirt, lifting a large clod of soil tangled around a soybean plant. He knocks away pieces of earth from the plant’s roots, which slope straight down instead of out to the side like …
Most Texas Utility Companies Not Providing Wildfire Response Plans
Only eight of 160 utility companies that operate in fire-prone areas of Texas have complied with a law that helps mitigate wildfires, lawmakers recently learned. The revelation comes on the heels of a chaotic wildfire season that has continued through …
Musk’s Boring Co. Working on Tunnel to Link Austin and San Antonio
Elon Musk said his Boring Co. venture is working on a tunnel project in Texas that would connect the cities of Austin and San Antonio. “Due to traffic congestion, that journey can currently take up to 2.5 hours,” Musk said …
Specialty Insurer Orion180 Falls 2.8% After $240 Million IPO
Orion180 Insurance Group Inc. fell 2.8% in its first day of trading after the company raised $240 million from its initial public offering. The specialty homeowners insurance company’s shares closed at $11.66 each on Friday, below the IPO price of …
Cause Under Investigation After Upstate South Carolina Fire Destroys Six Businesses
Fire investigators were working to determine the cause of a blaze that heavily damaged seven buildings and six businesses in downtown Walhalla, South Carolina, a city of about 4,100 people in the northwest corner of the state. The Main Street …
Starbucks Settles Florida Lawsuit Claiming Diversity Policies Were Illegal
Starbucks agreed on Thursday to settle a discrimination lawsuit by the state of Florida, pledging not to adopt race- or sex-based quotas or preferences in hiring, promotion and pay decisions. Starbucks and Florida’s Republican Attorney General James Uthmeier jointly announced …
Virginia Tightens Data Center Restrictions Amid Political Backlash
The state of Virginia is tightening permitting, commercial and environmental controls on data centers as political backlash grows against the server warehouses and the technology developed within them, Governor Abigail Spanberger said on Friday. Virginia, which has the largest concentration …
New Data Centers Worth $68 Billion Disrupted in US, Data Show
Opposition to data centers continues to mount in the US. That’s according to research group Data Center Watch, which said some 45 data center projects worth $68 billion were blocked or delayed by local pushback between April and June this …
Tesla Faces Major Trial in California for Alleged Bias Against Black Workers
A California agency’s lawsuit accusing Tesla of allowing rampant race discrimination at its flagship assembly plant is set to go to trial on Monday, one of a series of similar lawsuits being faced by the electric vehicle maker. Lawyers for …
US Weighs Antitrust Guidance on AI Safety, Top DOJ Official Says
The Trump administration is considering whether to update interagency antitrust guidance on cybersecurity to address a new wave of threats posed by artificial intelligence, according to Associate US Attorney General Stanley Woodward. At an event in New York on Sept. …
Bankers Hit EU Privacy Wall in Race to Stem Evolving Climate-Related Credit Risk
Banks under pressure from European regulators to manage extreme weather risks are bumping up against client data-privacy barriers that are complicating efforts to guard against losses. In countries at the epicenter of Europe’s latest heat waves, banks are now privately …
