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Swedish Insurer Folksam Divests $160 Million Tesla Stake
Sweden’s largest insurer Folksam said on Wednesday it has sold its stake in electric car maker Tesla over concerns about the company’s stance on workers’ rights. Tesla, headed by billionaire Elon Musk, is facing a backlash from unions and some …
POSTED APRIL 02, 2025 9:26 AM |
Bain-Backed Esure Eyes UK Growth After £200 Million Revamp
UK home and motor insurance firm Esure Group Plc sees further growth in the country after a £200 million ($258 million) revamp program, according to its Chief Executive Officer David McMillan. The company, backed by private equity firm Bain Capital, …
POSTED APRIL 02, 2025 9:01 AM |
US House Democrats Open Investigation Into Kennedy Bird Flu Response
Democrats on the U.S. House of Representatives oversight committee opened an investigation on Tuesday into health secretary Robert F. Kennedy Jr.’s handling of the federal response to bird flu, according to a letter sent to Kennedy and released by the …
POSTED APRIL 02, 2025 5:48 AM |
FCC Chairman Orders DEI Investigation Into Disney, ABC
The head of the Federal Communications Commission ordered an investigation into Walt Disney Co. and its ABC network over their diversity, equity and inclusion practices, broadening his examination of media and telecom companies for perceived discriminatory biases. FCC Chairman Brendan …
POSTED APRIL 02, 2025 5:32 AM |
Majority of Small Biz Leaders Think AI Will Play ‘Crucial Role’ in Work Safety
More than half of small business leaders believe artificial intelligence will play a “crucial role” in worker safety over the next five years, according to a new report from Pie Insurance. A survey of decision-makers from just over a thousand …
POSTED APRIL 02, 2025 5:13 AM |
North Carolina Commissioner Settles Mobile Home Rate Increase at 11%
North Carolina Insurance Mike Causey said Tuesday that he had negotiated a lower average rate increase for mobile home policies than the North Carolina Rate Bureau had asked for. “I am happy to announce that North Carolina mobile homeowners will …
POSTED APRIL 02, 2025 5:01 AM |
Getty Museum to Sell $500 Million of Debt for Fire Protection
One of California’s most famed art institutions, the Getty, is turning to the bond market for $500 million to help preserve its masterpieces as the state prepares for another fire-prone summer. The J. Paul Getty Trust is expected to sell …
POSTED APRIL 02, 2025 5:00 AM |
Viewpoint: Smoke Damage from LA Wildfires Leaves Questions to Be Answered
The question has come up wondering if smoke damage is covered for those homes that were impacted by the Los Angeles wildfires but were not damaged by the actual fires. A cloud of smoke from a fire is larger than …
POSTED APRIL 02, 2025 5:00 AM |
AM Best Reviews Westminster American Following Return of Previous Owner
AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Westminster American Insurance Co. AM Best assigned an outlook of stable …
POSTED APRIL 02, 2025 5:00 AM |
BlackRock Plans for Texas ETF Amid Its Push Into Lone Star State
BlackRock Inc. is going even bigger in Texas. The world’s biggest asset manager applied for the iShares Texas Equity exchange-traded fund, according to a Friday filing with the Securities and Exchange Commission. The planned ETF would be passively managed and …
POSTED APRIL 01, 2025 4:49 PM |
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