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State Farm is giving back to its auto insurance customers in a big way this summer. The company announced a $5 billion dividend that will be paid out to qualifying policyholders, making it the largest payout in its history. This one-time payment will cover more than 49 million vehicles insured by the company, with an … Read more

Exxon Mobil has decided to delay its plan to build a huge new plastics plant in Calhoun County, Texas. The $10 billion project on the Gulf Coast was supposed to start construction next year, but the company says current market conditions have led them to slow things down for now. The plant was designed to … Read more

Walmart is facing a lawsuit for mistreating two employees with intellectual disabilities at its Mount Pleasant, Wisconsin store. The U.S. Equal Employment Opportunity Commission (EEOC) filed the case, accusing Walmart of refusing to provide a job coach and allowing supervisors to create a hostile work environment. The problem took place in late 2021, when the … Read more

Federal officials announced the arrest of a 29-year-old man accused of starting the Palisades Fire, a blaze that devastated parts of Los Angeles earlier this year. The fire, which began on New Year’s Day, tragically took 12 lives and destroyed thousands of homes in the Pacific Palisades area. Jonathan Rinderknecht, who lived in the Pacific … Read more

Reid Eanes of Lockton is witnessing firsthand a major shift in the specialty insurance world. As the lines between cyber liability, construction risk, financial exposure, and AI governance blur, insurance products must adapt to keep up. Eanes, who is executive vice president and co-practice leader for financial services in the West, said the days of … Read more

A high-profile lawsuit involving Centerview Partners and a former analyst has quietly ended with a settlement, leaving unanswered questions about the demanding work culture on Wall Street. Kathryn Shiber, who joined the boutique investment bank in 2020 after graduating from Dartmouth, claimed she was wrongfully terminated after asking for a more consistent schedule to manage … Read more

Nationwide is using artificial intelligence to change how it works and prepare its team for the future. Guru Vasudeva, the company’s senior vice president and CIO for property and casualty, shared how they’re focusing on three main areas: everyday work support, software development, and improving insurance itself. The company believes it’s important for employees to … Read more

Hill Country Underwriters has officially launched its new insurance program in Texas, aimed specifically at artisan contractors. This managing general underwriter (MGU) is offering a fresh product that includes General Liability and Inland Marine coverage tailored to specialty construction trades. The new insurance is designed to protect contractors against common risks. General Liability coverage helps … Read more

Nebraska has missed a key deadline to grant licenses to marijuana growers under a new medical marijuana law approved by voters last November. The state’s Medical Cannabis Commission, which was created to oversee the program, announced it would not meet the Wednesday deadline to issue licenses, leaving patients and advocates frustrated. Lia Post, a Nebraska … Read more

Acrisure, a major insurance broker based in Grand Rapids, Michigan, is planning to lay off 400 employees from its accounting department starting early next year. The company said this move is driven by advances in technology and artificial intelligence that are reshaping how it operates. The layoffs will affect about 20% of Acrisure’s roughly 2,000 … Read more