Hawaii Lawmakers Pass HECO Bill to Invest in Wildfire Mitigation
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 …
POSTED MAY 02, 2025 7:39 PM |
Lawmakers in 3 States Want to Roll Back Paid Sick Leave Benefits
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 …
POSTED MAY 02, 2025 4:23 PM |
Texas Mutual Approves $330M General Dividend Distribution
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 …
POSTED MAY 02, 2025 4:15 PM |
JD Power: Drivers Keep Shopping Even as Auto Insurance Price Increases Slow
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 …
POSTED MAY 02, 2025 3:56 PM |
This Texas E&S Carrier is Implementing Natural Language Processing
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 …
POSTED MAY 02, 2025 3:55 PM |
Ohio Residents Divided Over Norfolk Southern Settlement Agreement
Norfolk Southern began making promises to East Palestine, Ohio, soon after its train derailed and caught fire in February 2023. The railroad said it would “make it right” after five tank cars of vinyl chloride were intentionally burned, sending up …
POSTED MAY 02, 2025 3:53 PM |
Student Competition to Showcase Young Talent at RIMS
Attendees of the RIMS’ Riskworld annual conference in Chicago will have an opportunity to meet a cohort of aspiring risk management professionals, who are participating in a global university competition. Teams from eight colleges around the world will compete in …
POSTED MAY 02, 2025 3:39 PM |
Uber Teams Up With May Mobility to Launch Robotaxis in US Cities
Uber Technologies said on Thursday it will partner with self-driving technology startup May Mobility to deploy thousands of self-driving vehicles on its ride-hailing platform across U.S. cities, starting with Arlington, Texas, by late 2025. This adds to Uber’s growing list …
POSTED MAY 02, 2025 3:36 PM |
Zurich Offers ‘Roadmap’ to Prep Businesses, Governments for Climate Change
A new paper from Zurich calls out an “alarmingly bleak” outlook thanks to climate change driving the frequency and intensity of extreme weather and increasing the likelihood of natural catastrophes. However, the paper takes an optimistic stance that there are …
POSTED MAY 02, 2025 2:41 PM |
Hawaii Plans to Increase Hotel Tax to Help It With Climate Change Mitigation
In a first-of-its kind move, Hawaii lawmakers are ready to hike a tax imposed on travelers staying in hotels, vacation rentals and other short-term accommodations and earmark the new money for programs to cope with a warming planet. State leaders …
POSTED MAY 02, 2025 2:24 PM |