INSURANCE NEWS
Elon Musk Says First Tesla Drove Itself From Factory to Customer
Tesla Inc. Chief Executive Officer Elon Musk said a Tesla Model Y SUV drove itself from the company’s factory near Austin to a customer’s home in the company’s latest move to showcase its push into autonomous driving. In a post …
Man Accused of Killing Idaho Firefighters Had Once Aspired to Be One
A 20-year-old man’s life appeared to have begun to unravel in the months before authorities say he fatally shot two firefighters and severely wounded a third as they responded to a wildfire near Coeur d’Alene, Idaho. Wess Roley was living …
Texas Medical Marijuana Industry to Push for Hemp Age Restrictions
Texas’ medical marijuana dispensaries entered into this year’s legislative session with a two-prong strategy to expand: to loosen the state’s rules on their industry that has made the program largely inaccessible to those who need it and to eliminate the …
Bishop Street Underwriters Acquires Ohio’s Aerospace Insurance Managers
Bishop Street Underwriters announced that it has acquires Ohio-based Aerospace Insurance Managers, a general aviation insurance services provider, from Hallmark Financial. This acquisition marks Bishop Street’s entry into the aviation insurance market, strengthening its differentiated MGA platform with an expanded …
UK Broker Ardonagh Completes $2.5B Equity Investment Led by PE Firm Stone Point
The Ardonagh Group, the London-based independent insurance distribution platform, announced the completion of a $2.5 billion equity investment led by funds managed by Stone Point Capital LLC, the US-based private equity firm. The investment, which valued the group at $14 …
DOGE Now Targeting SEC Policy, Eyes SPAC Rules, Sources Say
President Donald Trump’s Department of Government Efficiency initiative has pushed the U.S. markets watchdog to loosen Wall Street rules around blank-check companies and confidential reporting by private investment funds, according to two people familiar with the matter. DOGE officials at …
Supreme Court Dealt Blows to EPA and Environmental Protections
The U.S. Supreme Court delivered setbacks to environmental interests in a series of recent rulings including by further restricting the Environmental Protection Agency’s authority and relaxing requirements for environmental impact studies for proposed projects. While cases involving President Donald Trump‘s …
Truckers Fear Job Loss as New English Language Rules Take Effect
At a trucking school in New Jersey, students are maneuvering 18-wheelers around traffic cones. Other future drivers look under hoods to perform safety checks, narrating as they examine steering hoses for cracks and leaks. An instructor glides between speaking Spanish …
New Carrier Reporting Requirements on Investments, Liquidity, SC DOI Says
South Carolina’s Department of Insurance is reminding carriers that it may soon give extra scrutiny to liquidity and capital as well as investments in subsidiaries’ securities, thanks to a law approved by state legislators this year. “If the Director determines …
WCIRB: Losses And Expenses in California Workers’ Comp Last Year 108% of Earned Premium
Total losses and expenses in California’s workers’ compensation system incurred in 2024 were $16.7 billion, or 108% percent of earned premium, a report out today shows. The Workers’ Compensation Insurance Rating Bureau of California released the 2024 California Workers’ Compensation …
Senate Strikes AI Regulation Ban From Trump Megabill
The Republican-led U.S. Senate voted overwhelmingly on Tuesday to remove a 10-year federal moratorium on state regulation of artificial intelligence from President Trump’s sweeping tax-cut and spending bill. Lawmakers voted 99-1 to strike the ban from the bill by adopting …
Homes Are Taking Longer to Sell in US Markets That Once Flourished
A buildup of unsold houses sitting on the market for weeks is becoming a new reality in once-booming housing areas across the Sun Belt. Real estate agents in the South and Southwest say they’re seeing more people list homes, giving …