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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 …
POSTED AUGUST 15, 2025 8:32 PM |
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 …
POSTED AUGUST 15, 2025 5:30 PM |
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 …
POSTED AUGUST 15, 2025 4:26 PM |
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. …
POSTED AUGUST 15, 2025 4:04 PM |
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 …
POSTED AUGUST 15, 2025 3:44 PM |
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 …
POSTED AUGUST 15, 2025 3:02 PM |
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 …
POSTED AUGUST 15, 2025 2:51 PM |
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 …
POSTED AUGUST 15, 2025 2:35 PM |
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 …
POSTED AUGUST 15, 2025 2:10 PM |
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 …
POSTED AUGUST 15, 2025 1:07 PM |
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