4 08, 2025

SEC Chair Lays Out Sweeping Plans to Accommodate Crypto

By | August 4th, 2025|Uncategorized|Comments Off on SEC Chair Lays Out Sweeping Plans to Accommodate Crypto

The head of the U.S. securities regulator unveiled sweeping plans to overhaul capital markets regulations on Thursday to accommodate cryptocurrencies and blockchain-based trading, in a major win for the digital asset industry, which has long pushed for tailored rules. Securities …

4 08, 2025

People Moves: AAA – The Auto Club Group Adds to Executive Team

By | August 4th, 2025|Uncategorized|Comments Off on People Moves: AAA – The Auto Club Group Adds to Executive Team

AAA – The Auto Club Group (ACG), headquartered in Dearborn, Michigan, added three senior leaders. Vincent Fusco joined ACG as executive vice president, chief distribution officer. Fusco will oversee insurance and direct sales, including those of Michigan-based insurance companies Meemic …

4 08, 2025

UK’s FCA Says Lenders Face Minimum £9 Billion Bill on Car Loans

By | August 4th, 2025|Uncategorized|Comments Off on UK’s FCA Says Lenders Face Minimum £9 Billion Bill on Car Loans

The UK’s Financial Conduct Authority will consult on a redress scheme to guide firms on how they should compensate motor finance customers that were missold car loans, which it estimates could leave such lenders on the hook for at least …

4 08, 2025

South Africa Is Considering Flood Insurance for Large Cities

By | August 4th, 2025|Uncategorized|Comments Off on South Africa Is Considering Flood Insurance for Large Cities

South Africa is studying whether some of its largest cities should take out flood insurance after a series of disasters in recent years led to bailouts from the government. The insurance being considered is parametric, a type of cover that …

4 08, 2025

EU Court Rules Against Environmentalists Trying to Block Spanish Wind Farms

By | August 4th, 2025|Uncategorized|Comments Off on EU Court Rules Against Environmentalists Trying to Block Spanish Wind Farms

The European Court of Justice on Friday dealt a blow to environmental groups trying to stop wind farms from being built in Spain’s northwestern Galicia region, in a ruling affecting billions of euros of investment. Companies developing wind farms in …

4 08, 2025

No Major Impact Reported as Small Earthquake Shakes New Jersey-New York Area

By | August 4th, 2025|Uncategorized|Comments Off on No Major Impact Reported as Small Earthquake Shakes New Jersey-New York Area

A small earthquake rattled the New York metropolitan area Saturday night. The U.S. Geological Survey said the tremor had a magnitude of 3.0. It hit in the New Jersey suburb of Hasbrouck Heights, less than 8 miles (13 kilometers) west …

4 08, 2025

High Noon Recalls Vodka Seltzers Mislabeled as Energy Drinks

By | August 4th, 2025|Uncategorized|Comments Off on High Noon Recalls Vodka Seltzers Mislabeled as Energy Drinks

High Noon announced a recall of vodka seltzer drinks that it says were mislabeled as Celsius energy drinks, according to a posting on the U.S. Food and Drug Administration’s website. “Consumption of the liquid in these cans will result in …

4 08, 2025

Berkshire Insurance Units Report Lower Q2 Operating Income Overall

By | August 4th, 2025|Uncategorized|Comments Off on Berkshire Insurance Units Report Lower Q2 Operating Income Overall

GEICO was the only one of Berkshire Hathaway’s major property/casualty reporting divisions to post higher underwriting profit in the second quarter of 2025. But a 2% rise in underwriting profit for the personal auto insurance operation was not enough to …

4 08, 2025

Chemours, DuPont, Corteva Settle New Jersey PFAS Claims for $875 Million

By | August 4th, 2025|Uncategorized|Comments Off on Chemours, DuPont, Corteva Settle New Jersey PFAS Claims for $875 Million

Chemours, DuPont and Corteva have agreed to pay $875 million over 25 years to the State of New Jersey to settle environmental claims including pollution linked to PFAS, or “forever chemicals,” the companies said on Monday. Lawsuits accusing major chemical …

4 08, 2025

Crane Provider to Pay $525K After Workers Used Racial Slurs, Displayed Nooses

By | August 4th, 2025|Uncategorized|Comments Off on Crane Provider to Pay $525K After Workers Used Racial Slurs, Displayed Nooses

TNT Crane & Rigging, Inc., one of the largest crane service providers in North America, will pay $525,000 and furnish other relief to settle a racial harassment and retaliation lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC). According …