At AM Specialty Insurance Co., Nishad Lad, head of data and software development, has been placed at the forefront of transforming the Dallas, Texas-based excess and surplus carrier’s claims processing with new technologies. His team has implemented an array of …
Even as auto insurance rates level out, drivers are still looking for a better deal. The rate of U.S. auto insurance premium price increases slowed to less than 2% at the end of 2024, down from 13% at the beginning …
Texas Mutual Insurance Company announced that its board of directors voted unanimously to approve a $330 million general dividend distribution in 2025. Texas Mutual, the state’s top provider of workers’ compensation insurance will have distributed more than $1 billion in …
Voters in Alaska, Missouri and Nebraska were asked last year whether they wanted to require employers to provide paid sick leave to their workers. They overwhelmingly said yes. Now some lawmakers in each of those states are trying to roll …
Hawaii lawmakers this week passed a bill intended to help shore up Hawaiian Electric Co.’s credit rating despite strong opposition from House and Senate committee chairs who helped vet the measure. The bill would impose a new fee on HECO …
Warren Buffett, who built Berkshire Hathaway Inc. into a business valued at more than $1.16 trillion and himself into a celebrity billionaire renowned for his investing acumen and witticisms, will step down at year-end after six decades atop the conglomerate. …
The Washington State Department of Labor and Industries issued the first citations under a a new law regulating production quotas in warehouse workplaces. L&I fined The Safeway distribution center in Auburn $26,700 for several violations related to workplace safety and …
Berkshire Hathaway said its auto insurer Geico has cut tens of thousands of jobs as part of its efforts to turn around a business that’s lagged behind peers. Berkshire’s Vice Chair of Insurance Operations Ajit Jain said Geico reduced the …
A consultant paid to review security at the official residence of Pennsylvania Gov. Josh Shapiro after it was firebombed by a late-night intruder said Friday that his team’s findings will not be made public. Retired state police Col. Jeffrey Miller …
A second person has been charged with arson in the wildfire in New Jersey’s Pine Barrens that has grown into the state’s second-largest fire in nearly two decades. Prosecutors said Friday that a 17-year-old was arrested and charged with arson, …