Insurance
Trucordia Gains $1.3B Investment From Carlyle to Propel Growth
Trucordia today announced it will receive a $1.3 billion strategic investment from global investment firm Carlyle’s Global Credit platform. The investment values Trucordia at $5.6 billion, and it will reduce the company’s debt relative to equity while simplifying its governance …
Read More Canadian Wildfires Cause Unhealthy Air Quality in Midwest
Smoke from Canadian wildfires carried another day of poor air quality south of the border to the Midwest, where conditions in parts of Minnesota, Wisconsin and Michigan were rated “very unhealthy” on Tuesday. The fires have forced more than 27,000 …
Read More Texas Wants to Kill a Cannabis Boom It Accidentally Helped Stoke
Texas is on the cusp of banning all recreational THC products after lawmakers passed a bill to reverse the unintended effects of hemp laws that led to a boom in shops selling gummies, joints, vapes and drinks that create a …
Read More Iowa Amusement Park Settles Lawsuit Over 11-Year-Old’s Drowning in 2021
An Iowa amusement park’s former operator has agreed to pay an undisclosed amount to settle a lawsuit filed by the family of an 11-year-old boy who drowned on a water ride in 2021. A company that previously owned Adventureland park …
Read More People Moves: Mosaic’s DeLong Promoted to Global Market Engagement Officer, Bonkoski Joins as Cyber Head
Mosaic Insurance, headquartered in Hamilton, Bermuda, promoted Yosha DeLong to the new role of global engagement officer and hired cyber and technology liability executive Brian Bonkoski to lead the company’s cyber business. Based in Chicago, Illinois, DeLong has built Mosaic’s …
Read More Tariffs Stoke Supply Chain Worries for US Businesses, Gallagher Survey Shows
A majority of U.S. business owners are worried about supply chain disruptions from President Donald Trump’s sweeping tariffs, a survey by insurance brokerage Gallagher showed on Tuesday. The findings come as Trump’s tariff policies raise fears of renewed trade friction, …
Read More Will DeSantis Sign Bill Allowing Longer Noncompete Agreements in Florida?
While federal agencies and some states have moved to rein in the reach of noncompete agreements, a Florida bill awaiting the governor’s signature would go in the opposite direction, significantly lengthening the agreements and expanding employers’ ability to enforce them. …
Read More Musk’s X Aims to Soothe EU Regulators With Blue Check Disclaimer
Elon Musk’s social network X is showing users a prominent disclaimer about the platform’s blue checkmark program in a bid to appease concerns from the European Union’s content regulators that it’s deceptive and should be overhauled. X started showing users …
Read More Penn Wins Dismissal of Antisemitism Suit by Jewish Students
A federal judge dismissed a lawsuit against University of Pennsylvania filed by Jewish students over antisemitism, ruling they failed to show the Ivy League school engaged in intentional discrimination. US District Judge Mitchell Goldberg ruled Monday in a case by …
Read More Pilot Avoids Crash, Lands Small Plane in Long Island Sound
The pilot of a small plane that was about to crash managed to land it safely in the cool, choppy waters of Long Island Sound off Connecticut and called 911 to provide his precise coordinates before the aircraft sank, authorities …
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