Gas Valve Failure May Have Led to Fatal US Steel Plant Explosion
Preparations for a routine maintenance task may have led to an explosion at a U.S. Steel coal-processing plant near Pittsburgh that left two dead and sent 10 to hospitals, the company said Friday. U.S. Steel said it developed the information, …
Mercury Seeks 6.9% Rate Increase in Filing Based on New Cat Modeling Regulation
Mercury Insurance said it has submitted a filing based on California’s new regulation enabling catastrophe modeling to be included as a factor in ratemaking. The filing is reportedly the first to use the Verisk Wildfire catastrophe model, which is designed …
DOJ Sues California to End Enforcement of Emissions Standards for Trucks
The U.S. Justice Department said on Friday it has sued California in a bid to end the state’s enforcement of emissions standards for trucks. The DOJ said it filed two complaints this week in federal courts against the California Air …
Banking’s Ailing Climate Coalition Loses Ground in Europe
Inside the world’s largest climate coalition for banks, there’s speculation that an exodus led by Wall Street could be about to spread to the European Union. The Net-Zero Banking Alliance, an organization dedicated to decarbonizing global finance, may be facing …
Ohio’s Roehr Insurance Partners With Higginbotham
Higginbotham announced it has partnered with Roehr Insurance, one of the largest property and casualty insurance agencies in Cincinnati, Ohio. The partnership grows Higginbotham’s presence in the Midwest and provides Roehr with expanded resources to support both clients and employees. …
OpenAI’s Sam Altman Expects to Spend ‘Trillions’ on Infrastructure
OpenAI Chief Executive Officer Sam Altman wants to spend trillions of dollars over time on the infrastructure required to develop and run artificial intelligence services. He just needs to figure out a way to raise that kind of money. “You …
Texas Economy Slowing Amid Trade Policies and Immigration Crackdown
All signs point to a slowdown of the Texas economy as job growth slows, construction declines and inflation ticks up, according to a Monday report by the Federal Reserve Bank of Dallas. The report on the Fed’s recent Texas Business …
Texas Students Injured in School Bus Rollover Crash
A Texas school bus carrying more than 40 students on Wednesday rolled over after veering off a rural road on the first day of class, injuring multiple students, authorities said. At least one person has life-threatening injuries, while two others …
Chicago Launches Flood-Warning System as Rainstorms Intensify
Nedra Sims Fears still remembers the night years ago when her family home in Chicago flooded, sparking an electrical fire. Her father woke her up and rushed her outside into the pouring rain as smoke filled the rooms of their …
New Mexico Governor Declares State of Emergency in County Afflicted by Crime
The governor of New Mexico declared a state of emergency in response to violent crime and drug trafficking across a swath of northern New Mexico, including two Native American pueblo communities. The emergency declaration by Gov. Michelle Lujan Grisham makes …
Aon Accused of Contributing to Collapse of Startup Vesttoo
Insurance broker Aon Plc was accused in a civil lawsuit of helping cause the collapse of Vesttoo Ltd., an Israeli insurance startup once valued at $1 billion that went bankrupt after disclosing certain documents underpinning its business were falsified. A …
Alabama DOI Posts New Data Call on Liability Insurance
The Alabama Department of Insurance wants new data on how liability coverage affects insurance claims costs. In a bulletin posted Thursday, Commissioner Mark Fowler said the department has issued a data call to carriers of personal and commercial auto, personal …
West Virginia Will Finally Study How to Protect Communities After 2016 Floods
Nearly a decade after the deadly 2016 floods, West Virginia officials are moving forward with a study to look at flood mitigation measures across the Kanawha River Basin. Last month, Gov. Patrick Morrisey announced that the state will work with …
Wanted: Tesla Autopilot Operators. $25-$30/Hour. Plus Family-Building.
Are you a “highly motivated self-starter” who wants to drive an “engineering vehicle for extended periods, conducting dynamic audio and camera data collection for testing and training” purposes? This role requires a “high level of flexibility, strong attention to detail, …
Accenture to Buy Australian Cybersecurity Firm CyberCX for Reported $650 Million
Accenture said on Thursday it will buy Australian cybersecurity firm CyberCX in its largest-ever deal in the sector, with the Australian Financial Review valuing the transaction at more than A$1 billion ($650 million). A wave of devastating cyberattacks has battered …
PE Firm B.P. Marsh Invests in New Collateralized Reinsurer to Support Growth of XPT
B.P. Marsh & Partners Plc, the specialist private equity investor, announced it is investing in a new collateralized reinsurer that aims to support growth in its long-time investee company XPT Group, the U.S. wholesale insurance broking and underwriting agency platform. …
NFL Cannot Force Black Coach’s Racial Claims Into Arbitration, Says Appeals Court
The National Football League cannot force Minnesota Vikings defensive coordinator Brian Flores’ racial bias claims into an arbitration controlled by the league, a federal appeals court ruled on Thursday. In a 3-0 decision, the 2nd U.S. Circuit Court of Appeals …
Toxic Spill at China-Owned Zambian Mine 30 Times Worse Than Estimated
The partial collapse of a waste dam at a Chinese state-owned copper mine in Zambia may have released 30 times more toxic sludge into the environment than previously reported, according to an independent evaluation of the disaster. At least 1.5 …
Delivery Drones May Soon Take Off With New FAA Rule
Delivery drones are so fast they can zip a pint of ice cream to a customer’s driveway before it melts. Yet the long-promised technology has been slow to take off in the United States. More than six years after the …
Softening Continues for Most Commercial P/C Lines in Q2, Says CIAB
According to The Council of Insurance Agents & Brokers (CIAB) quarterly survey, commercial property/casualty premiums across all account sizes in the second quarter 2025 rose by 3.7%–down from the average increase of 4.2% from the first three months of 2025. …
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