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Chubb Combines Lower Middle Market and Digital Small Business Units
Global insurer Chubb announced the creation of a new division within its North America Middle Market organization, combining its Lower Middle Market and Digital Small Business divisions into a single unit. The new unit will operate as North America Small …
POSTED MARCH 12, 2025 2:54 PM |
15 Injured When School Bus Overturns on Parkway in New Jersey
A school bus carrying 31 people overturned on the Garden State Parkway in New Jersey, sending more than a dozen people to hospitals, officials said. New Jersey State Police said 15 people, including the driver and 14 young people, were …
POSTED MARCH 12, 2025 2:36 PM |
UK Financial Watchdogs Drop Diversity and ‘Name and Shame’ Reforms
Britain’s top financial regulators have scrapped proposed new rules to boost diversity and inclusion in the industry, and mothballed a fresh crackdown on non-financial misconduct, citing fears of imposing unnecessary regulatory burdens on firms. The Prudential Regulation Authority and Financial …
POSTED MARCH 12, 2025 2:36 PM |
Tornado Destroys Florida Home, Strikes TV Station During Broadcast
A tornado destroyed an Orlando-area home and hit a TV station while the weatherman was broadcasting about the twister, part of storm fronts that caused damage across parts of the Southeast. In Longwood, Florida, north of Orlando, the tornado collapsed …
POSTED MARCH 12, 2025 2:21 PM |
Berkshire, Progressive Are 2024 Underwriting Profit Leaders; Industry Sets Income Record
S&P Global Market Intelligence expects the U.S. property/casualty insurance industry to post more than $100 billion of net income for 2024—and that the biggest underwriting profits contributing to the figure will come from units of Berkshire Hathaway and Progressive. The …
POSTED MARCH 12, 2025 2:18 PM |
HUD Rejects Helene Relief Grant for Asheville Due to DEI Program Mention
President Trump’s U.S. Department of Housing and Urban Development has rejected a $225 million relief plan for the city of Asheville, North Carolina, due to its inclusion of funding for minority and women-owned businesses. The Hill, the Asheville Citizens Times …
POSTED MARCH 12, 2025 1:52 PM |
NTSB ‘Urgently’ Recommends Alternative Route for Helicopters at DC Airport
A report from the National Transportation Safety Board on Tuesday urgently recommends that the Federal Aviation Administration (FAA) permanently prohibit helicopter operations near Washington’s Ronald Reagan National Airport when certain runways are in use for arrivals or departure. The NTSB …
POSTED MARCH 12, 2025 12:27 PM |
Meta Faces Legal Challenge by French Publishers Over AI Training
French publishers and authors are suing Meta Platforms Inc. for copyright infringement, accusing the tech giant of using their books to train its generative artificial intelligence model without authorization. SNE, the trade association representing major French publishers including Hachette and …
POSTED MARCH 12, 2025 11:42 AM |
Dutch Marine Services Provider Boskalis to Salvage UK Ship Collision Tanker
Dutch marine provider Boskalis will salvage the U.S.-flagged tanker Stena Immaculate, which was struck by a container ship off northeast England on Monday, a spokesperson said on Tuesday, confirming earlier Dutch media reports. He could not give a time frame …
POSTED MARCH 12, 2025 11:00 AM |
Unexplained Ship Collision off UK Coast Triggers Race for Clues
A collision involving a tanker carrying jet fuel for the U.S. military and a container ship off Britain’s coast is an unusual incident that raises questions over what went wrong despite safety measures in place, three shipping and insurance sources …
POSTED MARCH 12, 2025 10:51 AM |
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