Insurance
Trump Administration Dismisses Democratic FTC Commissioners
The Trump administration dismissed two Democrats on the US Federal Trade Commission on Tuesday, in the latest example of the White House asserting control over US agencies. The commissioners, Alvaro Bedoya and Rebecca Kelly Slaughter, were told of their dismissal …
Read More Tesla a Step Closer to Ride-Hailing With California Permit
Tesla Inc. was granted approval in California to begin carrying passengers in its vehicles as Elon Musk’s company takes steps toward offering ride-hailing services. The California Public Utilities Commission said in an emailed statement Tuesday that it approved the electric-vehicle …
Read More Swiss Insurers Baloise, Helvetia Said to Explore Combination
Baloise Holding AG and Helvetia Holding AG have been exploring a possible combination that could create one of Switzerland’s largest insurers, according to people familiar with the matter. The companies have held on-and-off discussions in recent months about a potential …
Read More Devastating Wildfires Destroy Hundreds of Homes Across Oklahoma and Texas
As Oklahomans assessed the devastation from wildfires that whipped across the state, damaging or destroying hundreds of homes, officials in both Oklahoma and Texas warned of an increased risk of fire danger in the coming week. “We’re going to be …
Read More US Releases $57M in Financing to Help Reopen Michigan Reactor
The U.S. Department of Energy said on Monday it has disbursed $57 million of an up to $1.52 billion loan guarantee for Holtec’s Palisades nuclear plant in Michigan, which the company hopes will be the first U.S. commercial reactor to …
Read More People Moves: Liberty Specialty Markets Promotes Unstad as Head of Nordics; BHSI Appoints Howe as Head of Claims, Australasia
This edition of International People Moves details appointments at Liberty Specialty Markets and Berkshire Hathaway Specialty Insurance. A summary of these executive hires follows here. Liberty Specialty Markets Promotes Unstad as Head of Nordics Liberty Specialty Markets (LSM), part of …
Read More Fourth Gang Member Sentenced for Thefts of Warhol, Pollock Art and Yogi Berra Rings
A Pennsylvania man who was part of a group that stole paintings by Andy Warhol and Jackson Pollock among other valuables was sentenced to eight years in federal prison after pleading guilty to theft of major artwork. Thomas Trotta, 49, …
Read More Teen’s Suicide Turns Mother Against Google, AI Chatbot Startup
Megan Garcia says her son would still be alive today if it weren’t for a chatbot urging the 14-year-old to take his own life. In a lawsuit with major implications for Silicon Valley, she is seeking to hold Google and …
Read More Former Corrections Officer Going to Jail for Insurance Theft
A former state correctional officer from Baltimore has been sentenced in the Circuit Court for Baltimore County for felony theft of $25,000 to $100,000 and ordered to pay $50,251.66 in restitution, announced Attorney General Anthony G. Brown. Prosecutors showed that …
Read More People Moves: Great Bay Insurance Names New Presidents
The Great Bay Insurance Group, headquartered in West Atlantic City, New Jersey, named Timothy J. Byrne, Jr., president of the group, and Ronald R. Lovatt as president of Great Bay Insurance Co., a wholly-owned affiliate of the group. Byrne Jr. …
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