Industry News

Insurance Journal

Iowa Town Evacuated After Fiery Train Derailment

May 17, 2021 Thick black smoke billowed into the air on May 16 after a train derailed in northwest Iowa, prompting authorities to evacuate part of a small, nearby town. The fiery derailment...

Buffett’s Berkshire Hathaway Takes Big Stake in Aon

May 17, 2021 Berkshire Hathaway Inc. said on Monday it has taken a $943 million stake in insurance brokerage Aon Plc and sold large portions of its investments in Chevron Corp. and Wells...

InterWest Opens New Nevada Office, Acquires Aegis in California

May 17, 2021 InterWest Insurance Services LLC has opened a new office in Reno, Nev., and has acquired Aegis Insurance Markets in Truckee, Calif. Terms of the deal were not...

Louisiana ‘Justice Lab’ Aims to Expose, Litigate Claims of Police Bias

May 17, 2021 A woman forced to the ground by two sheriff’s deputies in an arrest recorded by her son. Demonstrators tear-gassed and hit by rubber projectiles...

Best's Reviews

Metromile Sees Losses Grow to More Than $103 Million

May 17, 2021 Pay-per-mile auto insurer Metromile Inc. posted a $103.6 million net loss in the first quarter, up sharply from the $16.9 million loss registered in the same...

Texas Bill Would Allow State DOT to Purchase Additional Cyber Cover

May 17, 2021 State lawmakers passed and sent to Gov. Greg Abbott a bill that would allow the Texas Department of Transportation to buy additional cybersecurity...

Scor’s Next Chief Executive Officer to Take Over June 30

May 17, 2021 Scor SA said its board of directors chose Laurent Rousseau to succeed Denis Kessler as chief executive officer following the board’s June 30 general meeting...

Old Republic Names Successor to Retiring CFO

May 17, 2021 Old Republic International Corp. has named Frank Sodaro, currently deputy chief financial officer, to succeed Karl Mueller as CFO. Chris Lieser has also been named to...

Claims Journal

Mississippi River Traffic Resumes Under Damaged Bridge

May 17, 2021 MEMPHIS, Tenn. (AP) — River traffic has reopened on the Mississippi River near Memphis, Tennessee, three days after it was closed when a crack was discovered in the...

US Rail Industry Defends Safety Record Amid Staffing Cuts

May 17, 2021 OMAHA, Neb. (AP) — Even as railroads are operating longer and longer freight trains that sometimes stretch for miles, the companies have drastically reduced staffing...

North Carolina Native Honors Father With Toxic Exposure News Site

May 17, 2021 CAPE CARTERET, N.C. (AP) — When his father passed away from acute leukemia in 2008, Carteret County native Gavin Smith didn’t suspect it was related to...

Owner Set on Rebuilding Butte’s Historic M&M Bar After Fire

May 17, 2021 BUTTE, Mont. (AP) — There’s nothing left but piles of bricks and charred rubble where the M&M Cigar Store served as an anchor icon to Uptown Butte for 130...