News
USAA President, CEO Peacock Retiring in 2025
USAA announced that its chief executive officer and president, Wayne Peacock will retire during the first half of 2025, after 36 years at the company—serving the last five as CEO. In a letter ...
California Governor Signs Legislation Cracking Down on Retail Crime, Property Theft
Ten newly signed bipartisan public safety bills establish new penalties for repeat offenders, provide additional tools for felony prosecutions, and crack down on serial shoplifters, retail thieves ...
AM Best: Modest Growth in ILS Capacity, While Cat Bonds Break Record
Insurance-linked securities (ILS) capacity levels continues to grow at a modest pace, aligning with market demand, according to a newly released AM Best report. Meanwhile, AM Best estimates the ...
Survey Finds U.S. Workers Glum on Compensation, Job Outlook
U.S. workers are growing more sour with their employment compensation, according to a survey released on Monday by the New York Federal Reserve. In its Survey of Consumer Expectations Labor Market ...
Canada Rail Strike Could Disrupt U.S. Supply Chain This Week
Canada's two largest railroads are starting to shut down their shipping networks as a labor dispute with the Teamsters union threatens to cause lockouts or strikes that would disrupt cross-border ...
Mutating Mpox Virus Poses Challenges to Containment Efforts
Changes in the mpox virus are just the latest challenge facing disease trackers trying to contain an outbreak of the virus that's become a global health emergency. The surge of cases is centered in ...
Construction Defects Are Not Covered Property Damage in Commercial Liability Policy
A home builder is not covered under the property damage coverage in its commercial liability policy for construction defects for which it was responsible. A three-judge panel of the Massachusetts ...
Texas Oil Regulator Under Scrutiny as Zombie Wells Gush Back to Life
On a sprawling ranch in Pecos County in late July, oil well control specialist Hawk Dunlap used a backhoe to uncover an abandoned or so-called zombie well that had sprung back to life despite being ...