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Beryl-Battered Grenada Becomes 1st Country to Use Government Bond Hurricane Clause

Grenada has become the first country in the world to use a so-called hurricane clause in a government bond – a special feature that allows authorities to postpone debt payments in the wake of a major natural disaster. The move …

Supreme Court Keeps New Rules on Sex Discrimination in Education on Hold

The Supreme Court on Friday kept on hold in roughly half the country new regulations about sex discrimination in education, rejecting a Biden administration request. The court voted 5-4, with conservative Justice Neil Gorsuch joining the three liberal justices in …

Ryan Specialty to Acquire Assets of MGU Greenhill From Alera

Ryan Specialty said it has signed a definitive agreement to acquire certain assets of Greenhill Underwriting Insurance Services from Alera Group, Inc. Terms of the deal were not disclosed. Houston-based Greenhill is a technology-enabled managing general underwriter focused on the …

Cops Vow to Avert Risk of Havoc From DNC Protesters Converging in Chicago

Security is always tight at Chicago’s Accenture Tower, a skyscraper that connects to a downtown transportation hub and houses the Israeli consulate. This week it will resemble a fortress. Located less than two miles (3.2 kilometers) from where Vice President …

USAA President, CEO Peacock Retiring in 2025

USAA announced that its chief executive officer and president, Wayne Peacock will retire during the first half of 2025, after 36 years at the company—serving the last five as CEO. In a letter Peacock sent to USAA teammates yesterday, the …

Upstate Jury Says Harley-Davidson Must Pay $287 Million for Fatal ‘Trike’ Accident

An upstate New York jury has awarded more than $287 million in punitive damages and other compensation to a man and the estate of his deceased girlfriend following a fatal accident involving their Harley-Davidson “trike” motorcycle. The Livingston County Supreme …

One Killed After Natural Gas Pipeline Explodes In Louisiana

The US Coast Guard is investigating a fatal blast at a natural gas pipeline in Louisiana. A contractor working on a pipeline near South Pass, Louisiana, went missing after an explosion and fire late Saturday, Coast Guard spokesman Ryan Schultz …

The Next Challenge for the US Charging Network: Congestion

In Fernley, Nevada, east of Reno, there are 16 cords that rapidly charge electric vehicles — not bad for a city of just 24,000 people. This weekend, that ratio will be upended. Roughly 30,000 vehicles are expected to roll through …

CIAB: Clear Evidence of Softening Commercial P/C Market Conditions in Q2

Commercial property/casualty premium increases in the second quarter 2024 were flat or down from the previous quarter for all lines of business—evidence of a softening insurance market, according to The Council of Insurance Agents & Brokers (CIAB) quarterly survey. Premiums …

Kansas to Pay $50K Settlement Over a Transgender Highway Patrol Employee’s Firing

TOPEKA, Kan. (AP) — Kansas will pay $50,000 to settle a federal anti-discrimination lawsuit filed by a former state Highway Patrol employee who claimed to have been fired for coming out as transgender. Democratic Gov. Laura Kelly and eight leaders …

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