EU Mounts Major Retreat From ESG Agenda Amid Fierce Backlash
The European Union is about to walk back significant chunks of planned ESG regulations, amid a barrage of complaints that such rules are becoming a dead weight hampering EU efforts to compete with the US and Asia. The European Commission, …
POSTED FEBRUARY 25, 2025 12:14 PM |
Canada’s Axis Insurance Acquires Calgary-Based Fuse Insurance
Axis Insurance Managers Inc., the Vancouver, Canada-based insurance broker, announced the acquisition of Fuse Insurance, a Calgary-based, technology-driven commercial insurance brokerage. Founded in 2017, Fuse has built a strong reputation for managing complex risks in industries such as ecommerce, healthcare, …
POSTED FEBRUARY 25, 2025 11:35 AM |
Talanx Sells Ecuadorian Subsidiary to Grupo Financiero Atlántida
The Retail International division of the Talanx Group is selling its Ecuadorian entity HDI Seguros S.A. to Grupo Financiero Atlántida, a financial conglomerate from Honduras. The sale enables the Retail International division to consolidate its portfolio in Latin America and …
POSTED FEBRUARY 25, 2025 10:14 AM |
FTC Chair Pledges to Keep Aggressive Merger Enforcement
President Donald Trump’s Federal Trade Commission will “vigorously” sue to block illegal mergers, the agency’s new chairman said Monday, highlighting support for the repeated deal challenges during the Biden era. “We are going to enforce these laws vigorously and aggressively,” …
POSTED FEBRUARY 25, 2025 6:23 AM |
US SEC Plans to Cut Regional Directors as Agency Preps for DOGE Scrutiny: Sources
The U.S. Securities and Exchange Commission plans to remove the top leaders at regional offices across the country as part of its cost-cutting recommendations to the Trump administration, according to two sources familiar with the matter. The SEC on Friday …
POSTED FEBRUARY 25, 2025 6:19 AM |
Polished Gem GEICO Fuels Berkshire Hathaway Operating Gains
The work that GEICO’s chief executive has done to “repolish” Berkshire Hathaway’s “long-held gem” got a special shout-out in Warren Buffett’s Berkshire Hathaway 2024 annual report to shareholders last weekend. GEICO’s $4 billion-plus jump in 2024 underwriting profit (before taxes) …
POSTED FEBRUARY 25, 2025 6:07 AM |
Pennsylvania’s NSM to Sell Commercial Insurance Division to Investment Firm
New Mountain Capital, an investment firm, has agreed to buy the commercial insurance division of Pennsylvania-based NSM Insurance Group. The firms said in a news release that the deal is expected to close in the next 45 days. Terms were …
POSTED FEBRUARY 25, 2025 6:02 AM |
South Carolina Republicans Launch TV Ads to Salvage Tort Reform Bill
Georgia lawmakers aren’t the only ones contemplating a major tort-reform bill during the legislative session this year. Next door, South Carolina’s General Assembly is considering Senate Bill 244, which supporters say would end the state’s joint-and-several liability rules that have …
POSTED FEBRUARY 25, 2025 6:01 AM |
Florida Contractor in Fatal Fall Incident Sentenced for Workers’ Comp Fraud
A Florida framing contractor has been sentenced to 48 months in prison and millions of dollars in fines and restitution after he failed to obtain workers’ compensation insurance and ignored safety practices, leading to deadly consequences. Despite six previous citations …
POSTED FEBRUARY 25, 2025 6:01 AM |
How Trump’s Mass Layoffs Raise Wildfire Risk in The West, According to Fired Workers
The termination letters that ended the careers of thousands of U.S. Forest Service employees mean fewer people and less resources will be available to help prevent and fight wildfires, raising the specter of even more destructive blazes across the American …
POSTED FEBRUARY 25, 2025 6:00 AM |