Insurance

A little over a year ago, Peter Gardner, a Louisiana developer, completed rehabbing an apartment building with 144 units and got a surprise so ugly it made him decide to move his business out of town. When the project began, …

A Sunday evening explosion in Archer-Daniels-Midland Co.’s processing complex in Decatur, Illinois, has injured at least eight people, according to the Decatur Fire Department. The blaze was largely under control within a few hours, but a crew remains on standby …

HOUSTON (AP) – Texas’ power grid has been under tremendous stress during this summer’s sweltering heat, with the state setting 10 new records for electricity demand. The grid`s reliability has been questioned by residents and lawmakers since a deadly winter …

MADISON, Wis. (AP) – A northern Wisconsin sawmill has agreed to pay nearly $191, 000 and stop hiring children under 16 to settle a federal lawsuit labor regulators filed after a teenager was killed on the job this summer and …

A federal judge has ruled that the U.S. Consumer Financial Protection Bureau (CFPB) does not have broad authority to tackle discriminatory banking practices, handing a win to financial industry groups that sued the regulator. The American Bankers Association, the U.S. …

USI Insurance Services said Monday that KKR is making a new equity investment of more than $1 billion to become USI’s largest shareholder. Private equity firm KKR and Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) in …

Most of West Maui will officially reopen to travelers Oct. 8 under a new wildfire emergency proclamation signed last week by Hawaii Gov. Josh Green. Nonessential travel to much of the island`s western coastline has been strongly discouraged since devastating …

Wynn Resorts and nine unnamed women are settling a lawsuit alleging the casino company failed to investigate allegations that female employees were sexually harassed by former company CEO Steve Wynn, according to a court document. Attorneys for Wynn Resorts and …

Kaiser Permanente has agreed to pay $49 million as part of a settlement with California prosecutors who say the health care giant illegally disposed of thousands of private medical records, hazardous materials and medical waste, including blood and body parts, …

Total global insured losses from natural catastrophes of more than $100 billion a year may be less newsworthy than in the past. In fact, the industry should expect loss totals of at least $100 billion every year, according to models …