INSURANCE NEWS
Warren Buffett Gives $27M in Berkshire Hathaway Stock to an Unnamed Charity
Investor Warren Buffett has donated Berkshire Hathaway stock worth $27 million to an unnamed charity. Buffett disclosed the gift of 50 Class A shares of Berkshire stock in a filing with the Securities and Exchange Commission late Wednesday. This donation …
Bosses Dislike Work-From-Home But Suspect They’re Stuck With It
Business leaders think that the spread of remote work has had more negative effects than positive ones, but they also see the practice becoming ingrained, according to a new survey by the Federal Reserve Bank of New York. Roughly two-thirds …
Judge Won’t Block Florida Law Banning Chinese Ownership of Property
(Reuters) – A U.S. judge in Florida on Thursday declined to block the state’s law barring citizens of China and other “countries of concern” from owning homes or land in the state. U.S. District Judge Allen Winsor in Tallahassee, Florida, …
California Town of Paradise Deploys Warning Sirens as 5-Year Anniversary of Deadly Fire Approaches
California residents driven from their homes by one of the deadliest wildfires in recent history had one request before they would rebuild in the small mountain town of Paradise: warning sirens to bolster town emergency systems that failed some people …
Florida Art Museum Sues Former Director Over Forged Basquiat Paintings Scheme
ORLANDO, Fla. (AP) — A central Florida art museum which was raided last year by the FBI over an exhibit of what turned out to be forged Jean-Michel Basquiat paintings has sued its former executive director and others, claiming they …
‘Smart Window’ Firm to Pay Almost $5M for Illegal Dumping of Wastewater in Mississippi
JACKSON, Miss. (AP) — A California-based company will pay just under $5 million in fines for discharging wastewater into a publicly owned sewage treatment plant in Mississippi without obtaining a valid state permit, a federal judge ruled Tuesday. View Inc., …
Allstate Starts Q3 With $313M in Catastrophe Losses in July
Allstate Corp. said estimated catastrophe losses for the month of July were $313 million or $247 million, after-tax. July has 18 events, highlighted by widespread wind and hail storms, with estimated losses of about $349 million. These losses for July …
Orlando Debuts Self-Driving Shuttle to Whisk Passengers Around Downtown
There is going to be a new way to get around downtown Orlando, Florida, and it`s not going to require any human drivers. Starting later this month, an electric, self-driving shuttle will whisk passengers around a 1-mile (1.6 km) loop …
Buffalo Shooting Lawsuits Claim Social Media, Gun Firms, Parents Enabled Killer
YouTube, Reddit and a body armor manufacturer were among the businesses that helped enable the gunman who killed 10 Black people in a racist attack at a Buffalo, New York, supermarket, according to a pair of lawsuits announced Wednesday. The …
Allianz Aims to Raise $1.6 Billion for Global Private Credit Fund
Allianz Global Investors, the insurance company’s money management division, is pushing ahead with plans to raise at least 1.5 billion euros ($1.63 billion) for a new global private credit fund, a spokesperson said, as investors boost exposure to the asset …
Ex-Trump Administration Officials Target Corporate Diversity Efforts
Activision Blizzard Inc and Kellogg Co have joined a growing list of major U.S. companies to face claims from a group founded by former Trump administration officials that efforts to diversify their workforces amount to illegal discrimination. America First Legal …
Philadelphia Police Change Account of Shooting of Driver After Viewing Video
Police have changed their account of a fatal shooting by a Philadelphia officer earlier this week, acknowledging that the person was shot inside the car rather than outside and no longer saying that he fled a traffic stop and later …