Insurance
USAA President, CEO Peacock Retiring in 2025
USAA announced that its chief executive officer and president, Wayne Peacock will retire during the first half of 2025, after 36 years at the company—serving the last five as CEO. In a letter Peacock sent to USAA teammates yesterday, the …
Read More Upstate Jury Says Harley-Davidson Must Pay $287 Million for Fatal ‘Trike’ Accident
An upstate New York jury has awarded more than $287 million in punitive damages and other compensation to a man and the estate of his deceased girlfriend following a fatal accident involving their Harley-Davidson “trike” motorcycle. The Livingston County Supreme …
Read More One Killed After Natural Gas Pipeline Explodes In Louisiana
The US Coast Guard is investigating a fatal blast at a natural gas pipeline in Louisiana. A contractor working on a pipeline near South Pass, Louisiana, went missing after an explosion and fire late Saturday, Coast Guard spokesman Ryan Schultz …
Read More The Next Challenge for the US Charging Network: Congestion
In Fernley, Nevada, east of Reno, there are 16 cords that rapidly charge electric vehicles — not bad for a city of just 24,000 people. This weekend, that ratio will be upended. Roughly 30,000 vehicles are expected to roll through …
Read More CIAB: Clear Evidence of Softening Commercial P/C Market Conditions in Q2
Commercial property/casualty premium increases in the second quarter 2024 were flat or down from the previous quarter for all lines of business—evidence of a softening insurance market, according to The Council of Insurance Agents & Brokers (CIAB) quarterly survey. Premiums …
Read More Kansas to Pay $50K Settlement Over a Transgender Highway Patrol Employee’s Firing
TOPEKA, Kan. (AP) — Kansas will pay $50,000 to settle a federal anti-discrimination lawsuit filed by a former state Highway Patrol employee who claimed to have been fired for coming out as transgender. Democratic Gov. Laura Kelly and eight leaders …
Read More Texas Grid Faces Biggest Test of Summer With Extreme Heat
Texas is facing its biggest test of the summer this week to keep the power on — and air conditioners running — as temperatures hit triple digits and push electricity consumption to all-time highs. Power use on the state grid …
Read More Racer Scott Bloomquist Remembered After Plane Crash in Tennessee
Scott Bloomquist, a dirt track race car driver who was known for his bravado and for being one of the sport’s best, died Friday in a plane crash on his family’s farm in Mooresburg, Tennessee, friends and local officials said. …
Read More Trump Pitches $3 Billion in Condos at Miami-Area Golf Course
Donald Trump wants to sell more high-end condos in the US, this time using a famously difficult Florida golf course as a draw. The former president’s family business is seeking to build residences and retail inside the Trump National Doral …
Read More Update: Taiwan’s CTBC Financial Plans to Buy Rival Shin Kong
Taiwan’s CTBC Financial Holding Co. said it plans to buy smaller rival Shin Kong Financial Holding Co., a move that could form the island’s largest financial conglomerate. Amid speculation swirling of a takeover, the Taipei-based firm announced it will file …
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