INSURANCE NEWS
EU Plans to Walk Back Key Planks of Toughest ESG Legislation
The European Commission is proposing a significant watering down of what was arguably its most consequential piece of ESG regulation. The European Union’s executive arm is proposing that the bloc amend eight main points in the scope of the Corporate …
COVID-Like Bat Virus Discovered by Researchers in Chinese Lab
Researchers at the Wuhan Institute of Virology in China said they discovered a new coronavirus in bats that enters cells using the same gateway as the virus that causes Covid-19. This virus hasn’t been detected in humans, merely identified in …
Bybit Hit by Crypto’s Worst Hack With Almost $1.5 Billion Stolen
Crypto exchange Bybit said it was hacked, resulting in what analysts estimate was the loss of almost $1.5 billion worth of tokens in the biggest theft ever committed in the industry. Researchers believe North Korean hackers were likely responsible. A …
EEOC Seeks to Drop Transgender Discrimination Cases
Signaling a major shift in civil rights enforcement, the federal agency that enforces workplace anti-discrimination laws has moved to dismiss six of its own cases on behalf of workers alleging gender identity discrimination, arguing that the cases now conflict with …
Berkshire Hathaway Removes Diversity and Inclusion From Annual Report
Warren Buffett’s Berkshire Hathaway on Saturday joined a growing list of American companies to publicly change their approach to discussing their commitment to diversity and inclusion. Berkshire’s annual report includes a section describing how the conglomerate’s 189 operating businesses, which …
Buffett’s Berkshire Posts Record Profit on Insurance, Investments
Warren Buffett’s Berkshire Hathaway on Saturday said operating profit set a record in the fourth quarter and for the third straight calendar year, bolstered by improved underwriting and higher investment income in its insurance businesses. Much of that income came …
LA Mayor Removes Fire Chief in Fallout From Palisades Blaze
Los Angeles Mayor Karen Bass removed Fire Chief Kristin Crowley, citing failures in the department’s response to the devastating Palisades wildfire. Bass appointed former LAFD Chief Deputy Ronnie Villanueva, a 41-year LAFD veteran, as interim chief while the city launches …
S securities regulator to drop lawsuit against Coinbase, firm says
Coinbase said on Friday the U.S. securities regulator planned to withdraw its lawsuit against the crypto exchange, ending a contentious years-long legal battle once considered existential for the trading platform and the broader sector. The Securities and Exchange Commission has …
Ohio Ex-Police Officer Sentenced for Starting 26 Arson Fires in Wayne National Forest
A former Ohio fire department administrator and police officer was sentenced in federal court here to 18 months in prison for starting dozens of arson fires in Wayne National Forest. James A. Bartels, 52, of Rio Grande, Ohio, started 26 …
People Moves: People Moves: Brown & Riding appoints Conyers, Jr. Energy Practice Leader
Brown & Riding, headquartered in Dallas, appointed Robert Conyers, Jr., as energy practice leader. Conyers joined Brown & Riding in 2017 and became a principal in 2023. As energy practice leader, he will focus on developing and growing talent within …
People Moves: Alliant Hires Leadley, Pelletiere and Rhatigano as Commercial Surety VPs
Alliant Insurance Services, headquartered in Irvine, California, hired Jeff Leadley, Glenn Pelletiere and Tom Rhatigan as senior vice presidents in Alliant Specialty, within the company’s national commercial surety practice. The commercial surety industry leaders specialize in developing and managing large, …
Hawaii’s Kilauea Again Spewing Lava in Its 10th Episode
Kilauea volcano began shooting lava into the air once again on the Big Island of Hawaii. Kilauea, one of the world’s most active volcanoes, has been erupting on and off for nearly two months since it burst to life on …