News
State Farm’s California Homeowners Rate Request: It’s Settled — Almost
The long back-and-forth struggle between State Farm General Insurance Company, the California Department of Insurance and Consumer Watchdog is winding down, with the parties agreeing that an ...
Aon Announces Stablecoin Insurance Premium Payment Option
Global professional services firm Aon announced the first known stablecoin insurance premium payment among major global brokers. The proof of concept was backed by using trusted U.S. dollar-backed ...
Tech Firm Expands Driverless Freight Operations Across Sun Belt
As robotaxis continue to expand routes across the U.S., driverless freight operations are being tested in several markets, according to self-driving tech company Aurora Innovation, Inc. Last month, ...
California Utility Defeats Shareholder Lawsuit Over LA Wildfires
The parent company of Southern California Edison won dismissal of a lawsuit alleging it defrauded shareholders before the January 2025 Los Angeles-area wildfires, by assuring them it had ...
Heat Waves Sparking Damaging Droughts Occurring More Frequently: Study
Heat waves that lead to sudden and damaging drought are spreading across the globe at an accelerating rate, highlighting how climate change-fueled extremes can build dangerously off each other, a new ...
Berkshire’s Abel Vows to Use All His Pay to Buy Firm’s Stock
Berkshire Hathaway Inc. Chief Executive Officer Greg Abel said he will use all of his take-home pay to acquire the conglomerate's stock for as long as he's in the role. To that end, Abel bought up ...
EU Countries Give Final Approval to 2040 Climate Target for 90% Emissions Cut
European Union countries gave the final approval on Thursday to a new climate target to slash greenhouse gas emissions 90% by 2040, pressing ahead with the bloc's ambitious climate agenda despite ...
U.S. to Reinsure Maritime Losses in Gulf Up to $20B
The U.S. will provide reinsurance for losses up to $20 billion in the Gulf region, to help provide confidence for oil and gas shippers during the war on Iran, the U.S. International Development ...