Insurance
Heffernan Insurance Brokers Acquires Green Financial in Washington
Heffernan Insurance Brokers acquired Green Financial in Kirkland, Washington. Fred Green, president of Green Financial, and his team have joined Heffernan Insurance Brokers’ small business division, HeffDirect. Founded in 1986 by Fred Green and his father Harry Green, Green Financial …
Read More American Airlines’ ESG-Based Investing for 401(k) Plan Is Illegal, US Judge Rules
A federal judge in Texas on Friday said American Airlines violated federal law by basing investment decisions for its employee retirement plan on environmental, social and other non-financial factors. The ruling by U.S. District Judge Reed O’Connor appeared to be …
Read More The Most Important LA Wildfire Stories to Know About
As firefighters gain more control over what have become the most destructive wildfires in U.S. history in a matter of days, the scale of the destruction and losses is becoming clearer. Despite the cacophony of a world stage that includes …
Read More Minnesota Judge Orders MyPillow to Pay $778K to Delivery Service DHL
A Minnesota judge has ordered MyPillow to pay nearly $778,000 for unpaid bills and other costs to package delivery service DHL, which had sued the company that’s synonymous with its founder, chief pitchman and election denier Mike Lindell. The award …
Read More Texas AG Files Second Lawsuit Against TikTok Over Explicit Content
Texas Attorney General Ken Paxton on Thursday sued TikTok for the second time in recent months, accusing the social media company of violating deceptive trade law by downplaying its addictiveness and exposing children to explicit material. The suit argues that …
Read More Winter Storm Sweeps US South, Grounding More Than 2,000 Flights
A powerful winter storm sweeping the US South has grounded more than 2,000 flights, halted passenger trains and threatens the region with heavy snowfall. As of 7:15 a.m. New York time, 2,043 flights around the US were canceled, more than …
Read More Re/Insurance Losses From LA Wildfires Expected to Be Significant but Manageable: S&P
Insurers are facing significant losses from the catastrophic Los Angeles wildfires — given the high value of homes and businesses in the affected communities. However, those losses are likely to be manageable for both insurers and their reinsurers, with preliminary …
Read More $1.7B in Block Grants Awarded to North Carolina Governments for Helene Recovery
ASHEVILLE, N.C. (AP) — North Carolina governments are receiving over $1.65 billion in federal block grant money to help address historic levels of damage caused by Hurricane Helene in western North Carolina. The money — $1.43 billion for North Carolina …
Read More Georgia Lawmakers Gearing Up for New Tort Reform Push
ATLANTA (AP) — After years of stalled efforts to limit civil lawsuits, Georgia Gov. Brian Kemp and Republican lawmakers are doubling down with a new push. Supporters, most prominently business groups, call the state a “judicial hellhole,” and argue that …
Read More BlackRock Leaves Major Climate Group Amid Wall Street Exodus
BlackRock Inc. is parting ways with one of the world’s biggest climate-investor groups after being targeted by Republican politicians for its efforts on global warming. The money manager has decided to leave the Net Zero Asset Managers initiative it said …
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