Insurance

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a-” (Excellent) of Farm Bureau Town and Country Insurance Company of …

New research commissioned by Cohesity, an AI-powered data security firm, reveals organizations overestimate their cyber resilience capabilities and maturity, leading to significant business continuity disruptions and ransom payments. The Cohesity Global Cyber Resilience Report 2024, which polled over 3,100 IT …

The U.S. National Transportation Safety Board has opened an investigation into a crash and fire involving a Tesla electric semi-truck on a California highway, the agency said late Wednesday. The NTSB will carry out the safety investigation along with the …

The crew of a ship that suffered several attacks in the Red Sea has been evacuated with naval support. Delta Tankers, which operates the Sounion, said Thursday that plans are now in place to move the vessel to a safer …

An explosion that leveled a home in northeastern Pennsylvania, killing a woman and leaving a man seriously injured, was apparently caused by a propane leak, state police said. The blast in Jefferson Township, near Scranton, was reported around 2 p.m. …

Canada’s two main freight rail companies locked out around 10,000 of their Canadian unionized workers early on Thursday, starting an unprecedented simultaneous work stoppage that will grind almost all railway freight movement in the country to a halt. HOW INTEGRATED …

Some East Palestine, Ohio, residents want more time and more information before they have to decide by a deadline this week whether to accept their share of a $600 million class-action settlement with Norfolk Southern over last year’s disastrous train …

NORTH SIOUX CITY, S.D. (AP) — Half of a collapsed rail bridge connecting South Dakota and Iowa was blasted in a controlled demolition, part of the process to remove the bridge months after it fell into the river, swollen from …

ODESSA, Texas (AP) — A small plane crashed in a West Texas neighborhood Tuesday, killing the pilot and a passenger and setting off a large fire on the ground that injured a woman, authorities said. Witnesses said the plane struggled …

The Hilb Group announced that it has acquired a Texas-based property and casualty agency, adding to the company’s expanding presence in the Central region of operations. The company did not name the acquired agency. The acquisition took effect on August …