Insurance Council of Provides Expert Tips for Winter Weather
With freezing temperatures projected to hit Texas in the coming days, the Insurance Council of Texas is offering instruction on how residents can prepare for and handle winter weather, ensuring their homes and vehicles are ready. Key issues affecting Texans …
People Moves: Bigglestone Named Acting Commissioner in Vermont; Protecdiv Welcomes Skowronski; DellaTorre Joins Alliant
Bigglestone Appointed Acting Commissioner of Vermont Department of Financial Regulation Vermont Governor Phil Scott named Sandy Bigglestone as acting commissioner of the state’s Department of Financial Regulation (DFR). Bigglestone most recently served as deputy commissioner of the captive insurance division. …
Holmes Murphy Expands In Des Moines With Second Location
Holmes Murphy announced its expansion into a second location in the Des Moines metro area. The company officially signed a lease for space in the Arcadia building located at 7000 Vista Drive in West Des Moines. The Arcadia building is …
Minnesota Staffing Firm to Pay $300K for Discriminatory Hiring Practices
TKO Construction Services, a Minnesota-based staffing company that provides temporary employees for commercial, residential, restoration, heavy industrial and energy construction companies, will pay $300,000 and provide other equitable relief to settle a discrimination lawsuit filed by the U.S. Equal Employment …
Extreme Cold From NY to Texas Threatens to Topple Records
A blast of extreme cold is poised to descend on the central US this weekend before spreading to New York and the rest of the East Coast, testing power grids and threatening to break temperature records. Frigid conditions will sweep …
Michigan Little Caesars Franchisee to Pay $26K in Child Labor Violations
A Farmington Hills, Michigan Little Caesars restaurant employed minors in violation of federal child labor regulations by assigning them to operating dangerous equipment such as dough mixers and ovens and allowing three 15-year-olds to work past 7 p.m. on school …
White House Aims to Bolster Cybersecurity With Last-Minute Order
President Joe Biden on Thursday is set to issue an executive order aimed at strengthening the federal government’s cybersecurity and offering it more tools to punish digital attackers. The order in the final days of the Biden administration is meant …
Update: Will California’s FAIR Plan Have Enough Cash for Its Wildfire Claims?
There has been some question about whether California’s insurer of last resort – the FAIR Plan – has enough cash on hand to pay for its share of wildfire claims. As surplus is inadequate and reinsurance has a deductible that …
A Los Angeles Actuary on Lessons From the Palisades Fire
I watched as the skies over my home in Los Angeles turned an apocalyptic orange on January 7, 2025, as wildfires raged across the state. Among the most devastating, the Palisades Fire consumed thousands of acres, leaving a wake of …
DOJ Reports $2.9B Recovered in False Claims Act Litigation
Litigation under the False Claims Act generated more than $2.9 billion in settlement and judgments the last fiscal year, according to the U.S. Department of Justice. According to data released Jan. 15, the Justice Department’s Civil Division said the government …
Jack Daniel’s Parent Firm to Cut Workforce, Close Barrel Plant in Kentucky
LOUISVILLE, Ky. (AP) — Spirits giant Brown-Forman Corp. said Tuesday it’s reducing its global workforce by about 12% and closing its hometown barrel-making plant in Louisville. The cost-cutting moves come as American whiskey producers face stiff challenges from changing consumer …
New West Virginia Governor Axes DEI and Enacts Vaccine Exemptions on Day One
CHARLESTON, W.Va. (AP) — Republican Gov. Patrick Morrisey issued a slew of aggressive executive orders on his first full day as West Virginia’s chief executive Tuesday, including one enabling families to receive religious exemptions from required school vaccinations — a …
Fire-Ravaged LA to See Respite But Danger ‘Not Yet Passed’
The dry, dangerous winds that have kept fire-scarred Los Angeles on edge for days are finally forecast to end — but a lack of rain and another round of winds forecast next week has officials worried. “Things are starting to …
Family of Alabama Man Killed by Police Will Get $750,000 Settlement
MONTGOMERY, Ala. (AP) — An Alabama city will pay $750,000 to settle a federal civil rights lawsuit against a police officer who fatally shot one person and wounded another in 2019, after defendants appealed the original $4.5 million awarded by …
Maine Town’s Plan to Remove Two Dams Includes Marina Insurance Measure
The Yarmouth town council voted unanimously this month to remove two town-owned dams on the Royal River and consider fish passage improvements at a stretch of rapids in between them, a historic vote more than two decades in the making. …
Too High? Too Low? BMS Analyzes Early Wildfire Insured Loss Estimates
Industry analysts’ early estimates of insurance industry losses for the January 2025 California wildfires have already grown from $8 billion to $40 billion-plus—with many noting that it’s too early for precision in the numbers. In short, whether they were calculated …
Bayer Faces Billions in Payouts for Decades-Old Toxic Mess
Bayer AG’s Monsanto unit stopped making toxic PCBs a half century ago, but the legal fallout lingers even as many of the building materials made with the chemicals are no longer used in US homes, schools and factories. On Tuesday …
War Anxiety Grips Davos Experts With Ukraine Peace Still Elusive
War is the top worry wracking the nerves of risk experts surveyed by the World Economic Forum, despite incoming US President Donald Trump’s vow to end hostilities in Ukraine. “State-based armed conflict” is the most pressing immediate concern for 2025 …
FTC Prepares Lawsuit Over Deere Equipment Repair Practices
The US Federal Trade Commission has prepared a lawsuit against tractor giant Deere & Co. alleging the company’s agricultural equipment repair practices violate competition laws, according to people familiar with the matter. The agency is prepared to file the case …
Biden Signs Executive Order to Ensure Power for AI Data Centers
President Joe Biden signed an executive order on Tuesday to provide federal support to address massive energy needs for fast-growing advanced artificial intelligence data centers, the White House said. The order calls for leasing federal sites owned by Defense and …

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