Billionaire Joe Gebbia, the co-founder of Airbnb Inc. and a board member of Elon Musk’s Tesla Inc., plans to donate $15 million of factory-built dwellings to victims of the Los Angeles wildfires. The pre-fabricated houses — made by Gebbia’s startup, …

The Oregon Department of Consumer and Business Services appointed Matt West as administrator of the Workers’ Compensation Division. West has more than 19 years of experience in the workers’ comp industry. He began with the Workers’ Compensation Division in 2003 …

Schools were closed and residents were ordered to shelter-in-place Tuesday after a large fire broke out at an aerospace manufacturer’s facility in a town north of Philadelphia, officials said. The fire broke out at SPS Technologies in Jenkintown around 9:30 …

Insurance disputes led consumer advocacy cases in Oregon last year, accounting for 3,357 of the 5,445 complaints filed with Oregon Division of Financial Regulation. The division’s consumer advocates recovered nearly $9 million in total for consumers in 2024, including $1.96 …

Florida-based insurance broker King Risk Partners announced its acquisition of the Kerr Agency Inc., an independent insurance agency located in Simsbury, Connecticut. This strategic acquisition furthers King Risk Partners’ expansion across the Northeast. Kerr is King’s fifth agency in Connecticut. …

A former Ohio insurance agent was sentenced this month to five years of probation for thefts exceeding $1.4 million. Rhonda Chandler, of the Columbus area, stole and misappropriated funds, including premiums for pre-need life insurance policies, commonly known as burial …

AM Best has revised the implications of the under review status to positive from developing for the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” (Fair) of Farm Bureau Mutual Insurance Company of Arkansas, …

Winter storms and record-breaking cold will descend on the central and southern US this week, snarling transportation and putting the vulnerable Texas power grid to yet another test. Temperatures are forecast to drop to 15F (-9C) in Dallas Wednesday night, …

New policies from the top U.S. securities regulator hand corporate boards more power over investors in ways that could curtail investor-initiated reform efforts on everything from climate policy to director contests, experts say. Since last month when U.S. President Donald …

The Trump administration is planning to lay off at least 40% of the workers at the federal agency that provides mortgage insurance on loans for people who otherwise wouldn’t qualify for one, according to two sources familiar with the agency’s …

Mastercard Inc. unfairly reduced a £10 billion ($12.6 billion) class action case to a settlement of just £200 million, according to the firm that funded the lawsuit. The credit-card company “skillfully maneuvered” claimant Walter Merricks and his lawyers by offering …

Farmers said on Wednesday that it expects losses from the Los Angeles wildfires last month to reach an estimated $600 million. Insurance companies have so far paid out more than $6.9 billion for losses from the biggest two of the …

With heavy snow and ice on the way, North Carolina’s governor on Tuesday issued an emergency declaration, waiving weight and registration checks for some trucks and hourly limits on drivers delivering essential items. The waivers could potentially play a role …

CFC Launches Cyber Portfolio Quoting for American Brokers CFC said it has launched a new service to automate quoting for up to thousands of policies. Initially available for CFC’s cyber products, US brokers can now bulk quote their entire book …

Federal firefighters have found their jobs on the chopping block as a result of US President Donald Trump’s executive orders, with a hiring freeze simultaneously blocking reinforcements in the aftermath of the Los Angeles wildfires and ahead of the upcoming …

The bankrupt Roman Catholic Diocese of Norwich, Connecticut and advocates for survivors of clergy sex abuse have reached an agreement on a $31 million compensation fund. The plan, which is subject to the approval of the bankruptcy court, seeks to …

LOUISVILLE, Ky. (AP) — At least nine people have died in the most recent round of harsh weather to pummel the U.S., including eight people in Kentucky who died as creeks swelled from heavy rain and water covered roads. Kentucky …

Johnson & Johnson faces a critical test on Tuesday over its $10 billion proposal to end litigation alleging that its baby powder caused ovarian cancer, as it tries to convince a judge to sign off on its third attempt to …

A Delta Air Lines Inc. regional jet flipped out of control after landing in windy, freezing conditions in Toronto, skidding along the runway and coming to rest upside down after losing its tail and one of its wings. Fifteen people …

IQUW, the London-based specialty insurer and reinsurer, has launched its new ports and terminals product, reinforcing its position as a lead market for marine insurance. Under the leadership of Ali Welchman, an expert in the Ports and Terminals class, the …