City of Austin to Pay $35M to Men Wrongly Accused in Yogurt Shop Murders
The city of Austin will pay $35 million to three men and the family of a fourth who were wrongly accused of the 1991 rape and murder of four teenage girls at a yogurt shop, a case that initially sent …
Illinois Man Receives $300K Settlement From Dog Attack
An Illinois man who suffered severe injuries to his hand and fingers in a dog attack received a $300,000 settlement, the law firm John J. Malm & Associates said. The man attacked by two pit bulls while taking his German …
‘Designed To Last’: American Family Launches Reality Competition Series on Hulu
American Family Insurance has launched a branded reality competition series, “Designed To Last,” a first-of-its-kind show that reimagines how to think about protecting homes and families against increasing climate risk. The four-episode series sponsored by American Family Insurance premiered May …
Verisk Report Shows Drop in US Reconstruction Costs in 2Q
Reconstruction cost inflation in the U.S. cooled in the second quarter, offering a bit of relief for insurers and businesses.
Bank of Canada Sees AI as Possible Boost to Country’s Ailing Productivity
The Bank of Canada struck an optimistic tone on the economic impact of artificial intelligence, arguing that widespread adoption of the technology will boost the country’s ailing productivity without significant job losses. In her first speech as external deputy governor, …
Tennessee Solar Ranch Aims to Prove Grazing Under the Panels Is Sunny Side Up
From a distance, the small solar farm in central Tennessee looks like others that now dot rural America, with row upon row of black panels absorbing the sun’s rays to generate electricity. But beneath these panels is lush pasture instead …
Dream Finders Homes Offers $704 Million to Buy Rival Beazer
Dream Finders Homes Inc. submitted a $704 million offer to acquire rival homebuilder Beazer Homes USA Inc., which rejected the bid as too low. Jacksonville, Florida-based DFH is offering $25.75 per share in cash for Beazer, according to a statement …
For Carriers, AI Can Now Mean Hyper-Personalized Customer Service, Leaders Say
NASHVILLE — The future of property-casualty insurance is here and it looks a lot like … a devoted personal assistant for the policyholder, one that moves at lightning speed and never complains or takes a day off. “You want your …
Timeline of Baltimore’s Key Bridge Collapse That Killed 6 People
The operator of the massive cargo ship that struck Baltimore’s Francis Scott Key Bridge is now facing criminal charges for actions leading up to and after the crash that killed six people more than two years ago. The Dali container …
$1.3 Billion in Medicaid Money to California Deferred Over Suspicions of Fraud
Vice President JD Vance this week announced new steps in the Trump administration’s initiative to root out fraud in federal health programs, including a $1.3 billion deferral in Medicaid funding to California. “How long are people going to pay into …
Chicago Museum’s ‘Knight Rider’ Car Ticketed for Speeding in NY Hasn’t Moved in Years
It’s a mystery on the streets of New York City. What traffic law violator with unpaid fines is driving a black Pontiac Trans Am that looks like the car with the talking computer from the 1980s TV series “Knight Rider,” …
New Law Requires Insurance Rate Filings in Oklahoma to Undergo Review Process
Oklahoma Governor Kevin Stitt this week signed a bill that gives the insurance department the authority to review insurance rate changes before they can go into effect. Under House Bill 3781, all rates in competitive markets shall be filed 30 …
El Niño Odds Rise as Storm and Crop Threats Intensify Globally
The odds are rising that a weather-roiling El Niño will emerge in the next few months and strengthen through the year, threatening global crop supplies, altering storm patterns and pushing temperatures toward record highs. There is an 82% chance El …
Newsom’s California Budget Bolstered by Extra Cash from AI Boom
California Gov. Gavin Newsom unveiled a revised budget that shows no deficit for this year and next, as the state draws another boost from the technology and artificial-intelligence boom. The budget proposal released Thursday shows revenues that are $16.5 billion …
Billionaire Boehly’s Allies Donated Heavily to Kansas Insurance Regulator
Todd Boehly and dozens of his associates contributed more than $300,000 to the Kansas insurance commissioner’s gubernatorial campaign, weeks before her office helped one of the billionaire’s companies win a delay of new capital rules. A slew of Boehly’s companies, …
People Moves: Premier Group Insurance Announces Leadership Transition
As Premier Group Insurance (PGI) surpasses the $1 billion written premium milestone, the organization is making a clear and deliberate statement about its future. Alongside this achievement, Denver, Colorado-based PGI is unveiling a two-year leadership transition plan designed to position …
Howden Acquires Indiana-Based Cybeta
Howden announced it has acquired the intellectual property assets of Cybeta, a leading cyber data and analytics provider. The acquisition enables Howden to provide clients with faster, more precise insight into cyber risk, supporting better underwriting, placement, and claims outcomes. …
Ohio Man Sued for Alleged Model Train Scam
Ohio Attorney General Dave Yost is suing a Brecksville man accused of taking consumers’ money for collectible model trains that he never delivered. The lawsuit, filed in Cuyahoga County Common Pleas Court, alleges that Chase D. Wheeler operated Chase’s Train …
People Moves: Alliant Insurance Services Adds John Montague to Midwest Benefits Team
John Montague joined Alliant Insurance Services as vice president within its employee benefits group. Based in Minneapolis, Minnesota, Montague has more than 30 years of industry experience spanning the provider, payer, and patient landscapes with a focus on the delivery …
Florida’s Ailing $6 Billion Rail Line Has Debt Vultures Circling
It’s becoming clearer by the day that Brightline, the struggling Florida private railroad, is shaping up to rank among the biggest municipal-bond restructurings ever, alongside the likes of Puerto Rico and Detroit. But that’s where any clarity around the future …
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