National News

Tesla Sued by US Agency Over Alleged Harassment of Black Factory Workers

A U.S. civil rights agency sued Tesla Inc. on Thursday, claiming the electric carmaker has tolerated severe harassment of Black employees at its flagship Fremont, California, assembly plant, in charges similar to cases brought by the state and by Tesla …

PE Companies Bain Capital and TPG Weigh Deal for Advent’s CCC Insurance Software

Bain Capital and TPG Inc. are weighing a deal for CCC Intelligent Solutions Holdings Inc., the car-insurance software provider controlled by Advent International, according to people familiar with the matter. Bain and TPG are among suitors that have expressed interest …

A Hidden Climate Danger Threatens Coastal Communities With Toxic Chemicals

A little-known climate threat lurks under our feet: rising groundwater that could release toxic chemicals from more than 132,000 contaminated sites in coastal areas of the US. In a first of its kind study, researchers estimated the number of polluted …

Looming Government Shutdown Would Halt NFIP Flood Policies, Disrupting Home Sales

A U.S. government shutdown, perhaps as soon as Saturday night, will force the National Flood Insurance Program to suspend issuing of new policies, potentially causing a major disruption for home buyers. The National Home Builders Association said that an estimated …

Ronda Named CEO of Howden Tiger

Howden Tiger, the reinsurance broking arm of Howden, the global insurance group, announces that Tim Ronda, currently President, Howden Tiger, will take over as CEO on 1 January 2024. Ronda will report to David Howden, CEO, Howden. Ronda will continue …

Markets/Coverages: Bold Penguin Partnering With NEXT Insurance

Bold Penguin has partnered with NEXT Insurance, a leading technology-first small business insurer, to enhance small business coverage options on the Bold Penguin Terminal. Per a press release, through this partnership, Bold Penguin users will gain access to NEXT’s General …

PE Firms Weigh Options for $16 Billion AssuredPartners

GTCR and Apax Partners are exploring options including a full or partial sale of insurance broker AssuredPartners, which could be valued at up to $16 billion, including debt, in any transaction, according to people with knowledge of the matter. The …

Viewpoint: Biometric Litigation Is Significant Emerging Risk for Insurers

Executive Summary: Biometric litigation is a significant emerging risk that insurers must now take into consideration, says Jim Blinn, vice president, Client Solutions, Zywave. States are increasingly passing biometric laws to prevent companies from collecting and disseminating data such as …

Marsh McLennan Asks Court to Revisit Data Breach Ruling to Avoid Flood of Litigation

Marsh McLennan wants the Second Circuit appeals court to reconsider its August decision that overruled a district court and reinstated a former employee’s lawsuit against the company over a 2021 data breach. Marsh McLennan (MMC) asserts that the employee lacks …

If New Cars Are Safer, Why Are Fatalities on the Rise?

Alyssa Milligan was someone who intuitively knew when another person needed help, encouragement or a kind word. Although she was new to Tennessee, the 23-year old physical therapy student, whose mother called her “Sweet Alyssa,” had already made many close …

National News Archives by Month