Markets
Florence Fallout: Duke Energy Ash Basin Overflows, Spilling Coal Byproduct Into River
Floodwaters have overwhelmed an ash basin at a Duke Energy Corp. power plant in North Carolina, spilling a byproduct of burning coal into the Cape Fear River. The company said coal ash at the site ...
Lloyd’s Returns to a Profit in H1, But Investment Income Drives Down Pre-Tax Profits
Lloyd's reported a return to profits during the first half, in a welcome recovery after its big losses of 2017. Pre-tax profits during the half were £600 million ($793.1 million), compared to £1.2 ...
AIG Will Snatch Up Pennsylvania-Based Insurance Broker
American International Group Inc said on Friday the insurer will acquire Glatfelter Insurance Group, a York, Pennsylvania-based insurance broker. Privately owned Glatfelter provides services for ...
Problems With National Flood Insurance Program Laid Bare by Hurricane Florence
When Hurricane Florence reached Belhaven, North Carolina, last weekend, the flooding that followed was unlike anything Ricky Credle, the mayor of the tiny coastal town had ever experienced. "I've ...
The Latest Launches From Nationwide, Starr Insurance and Hippo
Nationwide will debut an online insurance platform targeted toward businesses with fewer than five employees. Starr Insurance Companies said it is launching a construction-related insurance policy ...
COUNTRY Financial Chooses Jacobs as New CEO
COUNTRY Financial named a new chief executive officer, choosing to promote from within. Jim Jacobs is taking on the top job as of early 2019, serving as chief executive officer for each of COUNTRY ...
NFIP, Private Flood Insurance Carriers, Auto Writers Will Handle Brunt of Florence Losses
The National Flood Insurance Program, private flood insurance carriers and auto insurance writers will likely deal with the bulk of insured losses from Hurricane Florence, Fitch Ratings said in a new ...
J&J Talc Supplier Settles Lawsuit, Avoiding Jury Loss Risk
Imerys SA, which supplies talc to Johnson & Johnson, isn't taking chances as another jury weighs whether to sock the health-care giant with a punishing verdict. A unit of Imerys agreed to settle ...