National News

People Moves: Quigley Ascot’s Surety Lead; Olson Named Zurich N.A. Head of Programs

Quigley Named Ascot’s Head of Surety Ascot appointed Tara Quigley executive vice president and head of Surety. She will be responsible for developing, and managing Ascot’s Surety portfolio across the U.S. Her appointment marks the final stage of Ascot’s entry …

81% of Flood Insurance Policyholders Will See Rate Increases, Report Says

When the Federal Emergency Management Agency rolled out a major overhaul to its beleaguered National Flood Insurance Program last April, it promised that bigger, richer homes would bear the brunt of premium increases, while almost 90 percent of policyholders would …

Boy Scouts Bankruptcy Judge Approves Sale of BSA Warehouse

The judge presiding over the Boy Scouts of America bankruptcy has approved the organization’s request to sell its warehouse and distribution center in North Carolina for roughly $13.5 million and lease back the property from the buyer. The BSA wants …

Two-Thirds of Employees Might Seek New Jobs if Forced Back to Office: Global Survey

Worker demands for more flexibility and security, bolstered by the pandemic and a tight labor market, are only growing more intense as the world economy reopens and some firms begin trying to pull employees back to offices, payroll provider ADP …

Climate Votes Fought by Major Oil Companies Get Key Backing

An investor-led push for major oil companies to set climate goals in line with the Paris agreement won support from a key proxy advisory firm for the first time, setting up a showdown at upcoming shareholder meetings. Institutional Shareholder Services …

U.S. Companies Warn China’s Data Rules Risk Creating ‘Digital Island’

China’s “uniquely restrictive” data laws risk boosting U.S. firms’ cost of doing business in the No. 2 economy and could lead to digital decoupling, a new report from an American business group warns. The government’s curbs on data movement across …

Federal Judge Approves $85 Million Settlement in Zoom Case

A federal judge in California approved an $85 million settlement between Zoom Video Communications and millions of users who said the teleconference meeting application violated their privacy rights by sharing personal data to companies such as Facebook and Google, and …

McDonald’s Beats Back Challenge to Settlement With U.S. Labor Agency

McDonald’s Corp. on Friday defeated a union-backed organizing group’s challenge to a settlement with a U.S. labor agency over claims that the company helped franchisees across the country suppress workers’ demonstrations calling for higher wages. The U.S. Court of Appeals …

Thorny Issues Face Boy Scouts Bankruptcy Judge

More than two years after the Boy Scouts of America sought bankruptcy protection to stave off a flood of lawsuits alleging child sexual abuse by Scout leaders and volunteers, a Delaware judge is weighing whether to confirm the BSA’s reorganization …

U.S. Trucking Downturn Foreshadows Possible Economic Gloom

Craig Fuller monitors millions of transactions between U.S. truckers and their customers as chief executive of transportation data company FreightWaves – and he does not like what he is seeing. There has been an unexpectedly sharp downturn in demand to …

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