National News

Justice Department to Charge Boeing, Seeks Guilty Plea From Planemaker

The US Justice Department will charge Boeing Co. with criminal fraud, leaving the planemaker to choose between pleading guilty or taking the risk of going to trial, according to people familiar with the matter. Boeing has until the end of …

Wall Street’s Top Regulator Faces Worsening Battle in Wake of Supreme Court Ruling

The Supreme Court’s move to curb federal agency powers could curtail efforts by the U.S. Securities and Exchange Commission to establish new rules to police Wall Street and invite more litigation, legal experts said in the wake of Friday’s landmark …

CDK Expects All Dealers to Be Live by Early July 4

CDK said on Monday it anticipates all dealers to be live on its dealer management system (DMS) by late July 3 or early morning on July 4. The company, which provides software to car dealerships, had briefly shut down all …

Markets/Coverages: Resilience Doubles Cyber Limits to $20M

Resilience said it doubled the cyber insurance limits it can offer to clients in the U.S. to $20 million per client. This announcement follows the launch of new features and capabilities that enable enterprises to continuously manage the mitigation and …

Ryan Specialty Announces Succession Plan: Pat Ryan to Exec Chair, Turner to Be CEO

Ryan Specialty Holdings, Inc. said company founder, chairman and chief executive Patrick G. Ryan will move to an executive chairman role and Timothy W. Turner will take over as will become CEO. Turner is currently president of Ryan Specialty and …

US Home Insurance Still Priced Too Low for Climate Risk, Says Swiss Re Chair

This has been a year of insurance sticker shock in the US. But the man who provides insurance to insurers thinks maybe the shock still isn’t enough to steer people away from risk in a changing climate. “There is not …

US Roof Maintenance Lags: Hanover

More than half of U.S. homeowners did not check their roofs for issues between February 2023 and 2024, according to a recent report by The Hanover Insurance Group. Only 38% of survey respondents reported checking for roof issues — including …

‘Extremely Dangerous’ Hurricane Beryl Takes Aim at Caribbean

Hurricane Beryl, described by forecasters as “extremely dangerous,” is set to cause massive damage across the Caribbean’s Windward Islands on Monday. Beryl’s winds roared across the region at 120 miles (195 kilometers) per hour, making it a Category 3 hurricane …

CCC: Severe Weather Impacting Collision Repair, Auto Insurance

The auto insurance and repair industry must “adapt to new patterns and prepare for an unpredictable future,” according to the Crash Course Q2 2024 report released by CCC Intelligent Solutions Inc., a P/C cloud platform provider. The latest report focuses …

Cancer Victims Lose Bid to Block Proposed J&J Talc Bankruptcy

A federal judge on Friday rejected a bid by a group of cancer victims to block Johnson & Johnson from pursuing a proposed bankruptcy settlement of tens of thousands of lawsuits alleging the company’s baby powder and other talc products …

National News Archives by Month