Cessna Jet Tied to Nascar Driver Greg Biffle Crashes in North Carolina
Former Nascar driver Greg Biffle and his family are believed to have died when their Cessna Citation corporate jet crashed just minutes after taking off from a regional airport in North Carolina. “Although the post-crash fire prevents us from releasing …
POSTED DECEMBER 19, 2025 4:21 PM |
Son of Ponzi-Accused Georgia Building & Loan Founder Now an Insurance Agent
The former co-leader of a collapsed Georgia savings and loan, a lending firm that is now the subject of state and federal Ponzi scheme investigations, has been granted an insurance producer’s license in the state. Edwin Brant Frost V, who …
POSTED DECEMBER 19, 2025 4:05 PM |
People Moves: Marsh McLennan Appoints Mathews Digital Infrastructure Leader; Loop Hired to Lead AXA XL Media Liability
Marsh McLennan, headquartered in New York City, appointed Mike Mathews as global digital infrastructure leader. Based in Boston, Mathews brings over 25 years of specialized industry experience to this newly created position, having worked with companies and investors across key …
POSTED DECEMBER 19, 2025 3:53 PM |
High Winds Battered Water-Logged Northwest, Cutting Power to Half-A-Million
High winds toppled trees and power lines across parts of Washington state and Idaho this week, killing one adult and critically injuring two children, knocking out power to thousands and compounding the damage already wrought by heavy rains and flooding. …
POSTED DECEMBER 19, 2025 3:05 PM |
11 Firefighters and 2 Others Injured After NC House Explosion and Fire
Eleven firefighters and two other people were injured in a house fire explosion in the Piedmont region of North Carolina, officials said. Salisbury Fire Chief Bob Parnell said firefighters did not have life-threatening injuries but were getting treated for contusions, …
POSTED DECEMBER 19, 2025 2:21 PM |
A 10-Hour Data Center Outage Is Testing the Ambitions of KKR, GIP
Data center operators are fixated on the “five nines” — an expectation that they’ll keep the infrastructure behind financial markets, e-commerce and artificial intelligence running 99.999% of the time. So as news rippled out last month that a CyrusOne facility …
POSTED DECEMBER 19, 2025 2:15 PM |
More US Beef Plants May Close as Cattle Herds Keep Tightening
American beef plants are under threat as the number of cattle destined for their facilities stays far below historical levels, reflecting the smallest herd in more than half a century. Cattle placed in US feedlots, where animals are fed until …
POSTED DECEMBER 19, 2025 1:59 PM |
Ben & Jerry’s Board Says More Directors Face Removal
Ben & Jerry’s independent board late on Wednesday said in a filing that its new corporate parent, the Magnum Ice Cream Company, is forcing three more directors to complete training and other requirements or face removal. Ben & Jerry’s, newly …
POSTED DECEMBER 19, 2025 1:57 PM |
County Officials in Texas Race to Build $5M Warning System Before Next Flood Season
With the next Texas flood season just months away, Kerr County officials say they’re in a race to build a long-planned flood warning system estimated to cost up to $5 million — and they’re depending on the state to contribute …
POSTED DECEMBER 19, 2025 1:44 PM |
AI Threatens to Displace Workers, Bank of England’s Bailey Warns
Artificial intelligence is likely to displace British workers even as it makes the country more productive, Bank of England Governor Andrew Bailey said in his most stark warning yet on the technology’s impact. Bailey said on Friday that the UK …
POSTED DECEMBER 19, 2025 1:20 PM |
Russia Is Trying to Overwhelm Europe With its Sabotage Campaign: Western Officials
In November, a train carrying almost 500 people came to a sudden halt in eastern Poland. A broken overhead line had smashed several windows, and the track ahead was damaged. Elsewhere on the line, explosives detonated under a passing freight …
POSTED DECEMBER 19, 2025 12:57 PM |
British Regulator Cracks Down on Home, Travel Insurers
Britain’s financial watchdog on Thursday laid out its efforts to raise standards in the home and travel insurance market after a consumer group made a rare “super-complaint” against the regulator, accusing it of letting customers down. The Financial Conduct Authority …
POSTED DECEMBER 19, 2025 11:35 AM |
India’s Big-Bang Financial Reforms Target Foreign Money
India’s long-awaited package of financial services reforms is setting the stage for a surge of foreign capital into the world’s fastest-growing major economy. In the latest step, lawmakers passed a bill this week allowing up to 100% foreign ownership of …
POSTED DECEMBER 19, 2025 11:17 AM |
Catastrophe Bonds Linked to Wildfires Lose ‘Untouchable’ Status
Alternative investment managers are starting to take a serious interest in catastrophe bonds tied to wildfires, moving into a risk category that just a few years ago was seen as too difficult to model. More than $5 billion of cat …
POSTED DECEMBER 19, 2025 10:11 AM |
Tesla Door Safety Issues Have Owners Buying Car Escape Tools
Tesla owners are going to extreme lengths to deal with a problem most had never imagined: being unable to open malfunctioning doors.
POSTED DECEMBER 19, 2025 6:33 AM |
Odometer Fraud Sees 14% Jump in the Past Year
An estimated 2.45 million cars on the road likely have their odometers rolled back, 14 percent more than last year, according to vehicle history provider CARFAX. There was just a 4 percent increase between 2023 and 2024. “Odometer rollbacks occur …
POSTED DECEMBER 19, 2025 6:32 AM |
UPS Ripped Off Seasonal Workers With Unfair Pay Practices, Lawsuit Alleges
UPS stole tens of millions of dollars in pay from seasonal workers who help the shipping giant deliver packages during the busy holiday season, forcing some to clock in well after their shifts started and deducting pay for lunch breaks …
POSTED DECEMBER 19, 2025 6:12 AM |
Higginbotham Adds Energy Sector Specialty Firm in Georgia
Higginbotham, ranked as one of the top-20 largest independent insurance brokerages in the U.S., has continued its growth with the addition of Charter Energy, a specialty insurance brokerage in Atlanta. Charter was founded in 1986 by Pete Lunati and is …
POSTED DECEMBER 19, 2025 6:02 AM |
People Moves: Siry Joins Patriot Growth; Starkweather & Shepley Names Zito
Siry Joins Patriot Growth Insurance Services as COO Patriot Growth Insurance Services LLC, headquartered in Fort Washington, Pennsylvania, appointed Darryl Siry as chief operating officer (COO). Siry has over 25 years of experience leading technology, operations and growth initiatives across …
POSTED DECEMBER 19, 2025 6:00 AM |
X Corp. Sues Virginia Social Media Startup Over Bid to Claim ‘Twitter’ Brand
Elon Musk’s X Corp. sued a startup on Tuesday after it sought to cancel X’s Twitter trademarks so it can “bring Twitter back” as a new social media platform. X said in the lawsuit in Delaware federal court that its …
POSTED DECEMBER 19, 2025 6:00 AM |
Contractor Again Exposed Workers to Cave-In, Excavation Hazards: OSHA
The Occupational Safety and Health Administration reported that it has again cited an Easton, Connecticut concrete and earthwork contractor for willfully failing to protect workers from cave-in and excavation hazards OSHA has proposed more than $1.2 million in fines after …
POSTED DECEMBER 19, 2025 6:00 AM |
California Commissioner Orders Moratorium on Cancellations Over Pack Fire
Insurance Commissioner Ricardo Lara ordered a mandatory one-year moratorium to prevents homeowners’ insurance cancellations and non-renewals for Pack Fire victims following an emergency declaration. Lara ordered insurers to preserve residential property insurance coverage for more than 14,800 policyholders affected by …
POSTED DECEMBER 19, 2025 6:00 AM |
California Cuts PG&E’s and Edison’s Profits for Grid Investments
California regulators reduced the profit that utilities are allowed to make on infrastructure investments in an effort to rein in soaring electricity bills. Related: Massive Wildfire Liabilities Push Utilities to Use AI to Stop Blazes The move Thursday by the …
POSTED DECEMBER 19, 2025 6:00 AM |
Davis & Towle Adds Keene Agency to Its New Hampshire Group
Davis & Towle Insurance Group, a large New Hampshire independent insurance agency, now has 13 agency locations in its group across the state with the addition of The Insurance Source. The Insurance Source in Keene has served the Greater Monadnock …
POSTED DECEMBER 19, 2025 6:00 AM |
AIG Partners With Amwins, Blackstone to Launch Lloyd’s Syndicate Using Palantir
American International Group (AIG) said it has teamed up with specialty insurer Amwins and asset manager Blackstone to launch a Lloyd’s syndicate, using its relationship with Palantir to assist in assessing the portfolio. AIG said Syndicate 2479 will start underwriting …
POSTED DECEMBER 19, 2025 1:31 AM |