San Diego Considers $30M Settlement in Shooting Death of Black Teen
The San Diego city attorney’s office has agreed to pay $30 million to the family of a 16-year-old youth who was fatally shot by police last January in what would be one of the largest settlements of a police-involved killing …
POSTED DECEMBER 08, 2025 3:21 PM |
Atmospheric River to Flood Pacific Northwest Through Week
A massive Pacific storm called an atmospheric river will sweep off the ocean into the Pacific Northwest starting Monday, bringing heavy rain and a week of floods, swollen rivers and even heavy snow across the region, including Seattle and Portland. …
POSTED DECEMBER 08, 2025 3:17 PM |
OSHA Fines Korean Construction Firm $20,000 After Georgia Worker’s Death
Following the death of a worker at a Georgia solar systems plant in May, a federal safety agency has cited a construction firm for serious violations. But the fine levied against Hyoungwon E&C America is only about $20,000, an amount …
POSTED DECEMBER 08, 2025 2:50 PM |
Business Moves: White Mountains Completes Sale of Bamboo
White Mountains said it has completed the sale of a controlling interest in insurance distribution platform Bamboo to funds advised by CVC Capital Partners. In October, White Mountains announced the deal to CVC, valuing managing general agent Bamboo at $1.75 …
POSTED DECEMBER 08, 2025 2:27 PM |
Pierce Named CEO of GEICO as Combs Resigns
Berkshire Hathaway Inc. today announced Nancy L. Pierce will be GEICO’s new chief executive officer. Pierce was most recently chief operating officer at the major U.S. auto insurer. “Nancy knows the business inside and out. She’s practical, decisive and focused …
POSTED DECEMBER 08, 2025 2:06 PM |
Florida Republicans Urge Trump to Back Off Offshore Drilling
Florida’s Republican-dominated congressional delegation is urging the Trump administration to drop a plan that would allow new oil drilling for the first time in decades off the state’s coast. A letter signed by Republican Sens. Rick Scott and Ashley Moody …
POSTED DECEMBER 08, 2025 1:54 PM |
Health Department Unveils Strategy to Expand its Adoption of AI Tech
The U.S. Department of Health and Human Services on Thursday outlined a strategy to expand its use of artificial intelligence, building on the Trump administration’s enthusiastic embrace of the rapidly advancing technology while raising questions about how health information would …
POSTED DECEMBER 08, 2025 1:48 PM |
McKinsey Says Recovery From South Africa Scandals to Take Years
Rebuilding McKinsey & Co.’s reputation in South Africa after it was implicated in state corruption scandals will be a long process, its top executives in Africa said, adding that the consulting firm is biding its time on resuming bidding for …
POSTED DECEMBER 08, 2025 1:48 PM |
People Moves: Donegal Announces Key Marketing Promotion, Retirement
Donegal Insurance Group, headquartered in Marietta, Pennsylvania, promoted Josh Mussmon to vice president of marketing operations. Mussmon succeeds Bill Anderson, who will retire from Donegal in January as senior vice president of marketing operations. Mussmon joined the Donegal team as …
POSTED DECEMBER 08, 2025 1:15 PM |
New Jersey Joins States Creating Volunteer Cybersecurity Corps
New Jersey is joining a number of other states in launching a volunteer cybersecurity force to support government entities, infrastructure providers, and community organizations across the state prevent and recover from cyber attacks. The New Jersey Civilian Cyber Resilience Corps …
POSTED DECEMBER 08, 2025 1:02 PM |
EU, G7 Weigh Ban on Maritime Services for Russian Oil Exports, End to Price Cap
The Group of Seven countries and the European Union are in talks to replace a price cap on Russian oil exports with a full maritime services ban in a bid to reduce the oil revenue that helps finance Russia’s war …
POSTED DECEMBER 08, 2025 12:56 PM |
Demystifying the Data Landscape: Lake, Warehouse and Lakehouse Explained
The race to apply artificial intelligence in property/casualty insurance often hits a wall, not because of algorithms but because of confusion over data foundations. “Data Lake,” “Data Warehouse” and “Data Lakehouse” may sound interchangeable, but each plays a very different …
POSTED DECEMBER 08, 2025 12:36 PM |
UK Should Go for Bolder Revamp of Rules in Financial Services Sector, Lady Mayor Says
The UK should get bolder with overhauling rules to encourage more risk-taking in the financial services sector, according to the City of London’s new Lady Mayor. “The trouble with incremental change, especially in a fast-paced world, is that it’s not …
POSTED DECEMBER 08, 2025 12:25 PM |
Satellite Startup ICEYE Raises Funds at $2.8 Billion Valuation as Europe Boosts Defense
ICEYE, a Finnish satellite developer with a number of defense contracts, has raised money at a €2.4 billion ($2.8 billion) valuation, capitalizing on the military spending boom across Europe. Venture firm General Catalyst led the financing round, which included €150 …
POSTED DECEMBER 08, 2025 11:22 AM |
Indonesia Expects $3 Billion Rebuild After Deadly Floods
Indonesia will need 51.8 trillion rupiah ($3.2 billion) to rebuild areas devastated by recent floods and landslides in Sumatra, according to the national disaster agency. More than 900 people have died as a result of monsoon rainfall that was intensified …
POSTED DECEMBER 08, 2025 10:52 AM |
BNP Paribas Raises Stake in Belgium’s Largest Insurer Ageas in Deal Worth $3.5 Billion
BNP Paribas plans to increase its stake in Belgium’s largest insurer Ageas to 22.5% from 14.9%, cementing its position as top anchor investor in a two-leg transaction worth 3 billion euros ($3.5 billion), the companies said on Monday. The deal …
POSTED DECEMBER 08, 2025 10:31 AM |
Apple, Google Send New Round of Cyber Threat Notifications to Users
Apple and Google have sent a new round of cyber threat notifications to users around the world, the companies said this week, announcing their latest effort to insulate customers against surveillance threats. Apple and the Alphabet-owned Google are two of …
POSTED DECEMBER 08, 2025 6:11 AM |
Dunkin’ Cashier in Georgia, Stabbed by Rapper, Can’t Claim More Than Workers’ Comp
A Dunkin’ Donuts cashier who was stabbed by an Atlanta-area rapper has only the workers’ compensation remedy, even if the incident seems far outside the scope of work duties, the Georgia Court of Appeals has decided. “In this case, the …
POSTED DECEMBER 08, 2025 6:01 AM |
Honolulu Settling Lawsuit Over Shooting of Micronesian Teen for $1M
Honolulu’s city council authorized $1 million to settle a lawsuit by the family of a 16-year-old boy who was shot and killed by police. The fatal shooting of Iremamber Sykap in 2021 came amid a national reckoning over police use …
POSTED DECEMBER 08, 2025 6:00 AM |
Massachusetts Court Hears Allegations Facebook Is Addictive to Young Users
Massachusetts’ highest court heard oral arguments Friday in the state’s lawsuit arguing that Meta designed features on Facebook and Instagram to make them addictive to young users. The lawsuit, filed in 2024 by Attorney General Andrea Campbell, alleges that Meta …
POSTED DECEMBER 08, 2025 6:00 AM |
California Resources Reports Oil Fluid Spill in Monterey County
A pipeline owned by California Resources Corporation subsidiary Aera Energy spilled 96 barrels of produced fluid — a mixture of oil and water — early Friday morning at an oil field in Monterey County in California’s Central Coast. The spill …
POSTED DECEMBER 05, 2025 9:41 PM |
South Dakota Legislators Plan Bills to Help Residents in Fight Over Limestone Mine
Three lawmakers who represent Piedmont, South Dakota, hope to change weak state mining laws that allowed a proposed limestone mine to be sited without notification or input by any local officials or residents. The plan by Simon Contractors to begin …
POSTED DECEMBER 05, 2025 5:43 PM |
People Moves: RiverStone International Appoints Pritchard as UK CEO
RiverStone International Appoints Pritchard as UK CEO RiverStone International Holdings, the legacy acquisition company, announced the appointment of Charlotte Pritchard as UK CEO, effective January 5, subject to regulatory approval. Pritchard succeeds Andrew Creed who will become group president (also …
POSTED DECEMBER 05, 2025 4:27 PM |
Acrisure CEO Greg Williams Makes $400M Commitment to Michigan State University
Acrisure co-founder CEO Greg Williams is giving back to his alma mater in a major way. Michigan State University announced Williams and his wife are committing $401 million to the university, with most of the donation going towards the school’s …
POSTED DECEMBER 05, 2025 4:05 PM |
Business Moves: MGA Nirvana Buys Arena From Ryan Specialty; Ryan Acquires Canada MGU SSRU; Bridgehaven Buys SureStone; Gallagher Re to Buy S. Africa’s Resilea
Specialty MGA Nirvana Acquires Arena From Ryan Specialty Specialty managing general agent (MGA) Nirvana announced the acquisition of Arena NV from Ryan Specialty. Financial terms of the deal, which was announced today, were not disclosed. Arena is a leader in …
POSTED DECEMBER 05, 2025 3:55 PM |