Mereo Advisors, a Bermuda-based firm chaired by former American International Group Inc. Chief Executive Officer Brian Duperreault, has secured more than $700 million to fund its new reinsurance operations. The company received commitments from investors that include alternative asset manager …
Ex-AIG Chief Duperreault Secures $700M for Mereo Reinsurance Startup Read More »
Booz Allen Hamilton Holding Corp., a US government defense contractor, is ending its diversity, equity and inclusion programs, citing President Donald Trump’s executive order pressuring federal suppliers to cancel diversity practices. Booz Allen will close down its DEI department, remove …
Booz Allen Scraps DEI Programs in Reaction to Trump Orders Read More »
A former UBS bond strategist who persuaded the U.S. Supreme Court to make it easier for corporate whistleblowers to win retaliation lawsuits suffered a setback on Monday, as a jury verdict awarding him back pay and other damages was thrown …
UBS Whistleblower Verdict Thrown Out Despite Supreme Court Win Read More »
Florida’s chief financial officer has named a Pensacola lawyer and businessman to the Citizens Property Insurance Corp. Board of Governors. Frank White, general counsel for one of northwest Florida’s largest car dealerships, and a former state legislator and former candidate …
Florida CFO Appoints Former Lawmaker, Car Dealer Attorney to Citizens’ Board Read More »
ATLANTA (AP) — A clean energy company is abandoning a plan to build a giant electric battery factory in Atlanta’s suburbs after it shifted to buy a solar panel plant in Texas. Freyr Battery told officials in Newnan last week …
Battery Firm Pulls Plug on $2.6 Billion Plant in Georgia Read More »
Smart Choice, a North Carolina-based firm that works with independent agencies, reported record growth, with more than 1,450 agencies joining the network in 2024. Last year marked the eighth-straight year with more than 1,000 agencies joining, along with new carriers, …
Smart Choice Agency Network Reports Record Growth in 2024 Read More »
Hawaii’s Supreme Court heard arguments last week over insurance issues that are tying up a potential $4 billion settlement over Maui’s catastrophic 2023 wildfire, the deadliest in the U.S. in more than a century. The massive inferno decimated the historic …
What’s Tying Up $4B Settlement for Hawaii Wildfire Victims Read More »
California has ended enforcement of its COVID-19 nonemergency standards. The California Division of Occupational Safety and Health announced the expiration of its COVID-19 Prevention Non-Emergency Standards as of February. These standards were implemented in response to the pandemic to guide …
Cal/OSHA Ends COVID Prevention Non-Emergency Standards Read More »
The waters of Cape Cod Bay are coming for the big brown house perched on the edge of a sandy bluff in Wellfleet high above the beach. It’s just a matter of when. Erosion has marched right up to the …
Owner and Town in Standoff as Erosion Slowly Takes Luxury House On Cape Cod Bay Read More »
Twenty-two states sued New York on Thursday, contending that a new law forcing a small group of major energy producers to pay $75 billion into a fund to cover climate change damage is unconstitutional. The lawsuit, filed in Albany, lists …
22 States Sue Over New York Fund to Pay for Climate Change Damage Read More »
