Meatpacker National Beef Inc. said it is seeing a bottom in the US cattle industry’s downturn as it reported its highest margin in two years. “We do believe we are through the worst part of the cycle,” National Beef’s Chief …

Louisiana Insurance Commissioner Tim Temple has named Ron Henderson to serve as the interim CEO of Louisiana Citizens. Henderson, who currently serves as the Louisiana Department of Insurance’s (LDI) Deputy Commissioner for Consumer Advocacy, will begin his new role at …

Wabash National Corp., a nationwide producer of semi-trailers and other commercial trucking equipment and headquartered in Lafayette, Indiana, will pay $50,000 and provide other relief to settle a pregnancy discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), …

A Miami construction company owner has been charged with theft and workers’ compensation fraud after he allegedly underreported his firm’s payroll by almost $1 million, a deception that defrauded NorGuard Insurance of more than $100,000 in premiums. Israel Carballo, head …

Texas Attorney General-elect Nathan Johnson vowed to take a close look at any potential merger between Elon Musk’s Space Exploration Technologies Corp. and Tesla Inc., warning of the perils of corporate concentration as the state’s two most valuable companies weigh …

GuideStone Financial Services was founded in 1918 to provide retirement assistance to retiring Southern Baptist ministers and their families, partly with the help of a $1 million gift from John D. Rockefeller and his son. Today, after decades in financial …

Bronek Masojada had a reputation as a tough leader in the insurance world he worked in for three decades. He’s now planning to bring that same rigor to his role as Lord Mayor of the City of London in a …

An insurer that pays full workers’ compensation benefits for an insured’s injured employee who has more than one employer is entitled to be reimbursed for the share made on behalf of the other employer. However, the workers’ compensation insurer must …

Germany’s information security office BSI warned on Friday of ongoing vulnerabilities in some of Danish firm Danfoss’ industrial cooling appliances, following cyberattacks on refrigeration systems across Europe. The systems in question should be taken offline when possible or otherwise any …

With less claims litigation following Florida’s 2022 insurance reform legislation, GEICO says it doesn’t need so many legal staffers, and plans to layoff 114 remote employees who report to its Lakeland, Florida, office. “The Company expects that employment separations will …

National agencies around the world have not published enough air accident reports to generate recommendations that could improve safety for the flying public, advocates said on the sidelines of an industry conference on Thursday. Final reports are published for only …

A more than 12-hour outage of Microsoft Outlook and Teams crippled communications for businesses and governments globally on Friday, forcing some organizations to revert to fax machines and halting at least one bond repurchase in Europe. Microsoft said server issues …

Aviva Plc has seen higher UK subsidence claims, the latest sign of the impact of this summer’s heat wave, which has dried out soil and caused the ground beneath homes to sink or shift. The British insurer experienced a “peak …

Cowbell announced Cowbell AI Liability Insurance, a standalone policy for U.S. businesses deploying AI agents that act on their behalf across customer service, payments, and core operations. Available starting Jan. 1, 2027, the policy is built around a specific “AI …

Highly sophisticated AI tools have become integral to modern business operations. According to McKinsey & Company, 88% of organizations report regular AI use in at least one business function. But as businesses adopt AI, the insurance market is still playing …

Microsoft Corp. is struggling to restore access to its flagship software and end an outage that has paralyzed government offices, traders and businesses globally. Disruptions for Outlook, Teams and the Copilot artificial intelligence tool continued into a second day on …

Kirsten Davies, the Pentagon’s Chief Information Officer, said the potential significance for the US of the recent supermarket freezer hacks in Europe dawned on her abruptly when she first read about them. “Holy cow! What else uses refrigeration?” she recalled …

A group of nonprofits sued OpenAI, Anthropic, SpaceX’s AI division, Meta Platforms and Alphabet’s Google on Thursday, seeking to block the further development of the most advanced AI models over concerns, voiced by the companies’ own leaders, that the technology …

New York City Mayor Zohran Mamdani said city officials would commence sweeps of 100 construction sites after eight people died in the collapse of a three-story Brooklyn apartment building. The building collapsed shortly after 4 p.m. Wednesday, trapping people inside …

Billion-dollar wildfires in the US have become more than five times as frequent and 10 times as costly over the past two decades, according to a new analysis of the nation’s most destructive fires. The analysis, from Climate Central, a …