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Acting FEMA Chief Is Ousted After Less Than 4 Months
Less than a month before hurricane season, the acting administrator of the Federal Emergency Management Agency has been fired. A spokesperson with FEMA offered no reason for the dismissal, but confirmed reports that Cameron Hamilton has been removed from the …
POSTED MAY 08, 2025 9:29 PM |
LA Mayor Credits Trump on Fire Aid, Stays Wary on Immigration
Los Angeles Mayor Karen Bass is navigating one of her city’s most challenging periods in decades. She’s facing a nearly $1 billion budget shortfall, the long recovery from January’s wildfires, and preparations for two of the world’s largest sporting events …
POSTED MAY 08, 2025 7:08 PM |
Paragon’s Reel Media Acquires WISE Risk of Massachusetts
Connecticut-based Paragon Insurance Holdings announced that its specialty media and contingency platform, Reel Media Insurance Services, has acquired WISE Risk, a wholesaler for event-driven and specialty insurance products. WISE Risk, based in Needham, Massachusetts, is focused on the entertainment, sports, …
POSTED MAY 08, 2025 6:00 PM |
People Moves: Indiana Farm Bureau Insurance promotes Zeilinga to agency manager
Indiana Farm Bureau Insurance, headquartered in Indianapolis, Indiana, promoted Chris Zeilinga to agency manager of the Hancock-Henry-Shelby-Rush Agency. Zeilinga joined Indiana Farm Bureau Insurance in 2002 as an agent in Marion County. In 2018, he was promoted to the role …
POSTED MAY 08, 2025 4:22 PM |
Liberty Mutual Q1 Net Income Down 33%
Liberty Mutual Holding Company Inc. booked consolidated first quarter 2025 net income of about $1 billion, down about 33% from the same period a year ago. Catastrophe losses for the first three months of 2025—driven by the wildfires in California—were …
POSTED MAY 08, 2025 4:12 PM |
Many US Cities Are Sinking. But In Texas, It’s Worse
Cities across the US are sinking,and the problem is most pronounced in Texas, according to a new study. The research, which examined 28 cities and was published in science journal Nature on Thursday, found all of them were affected by …
POSTED MAY 08, 2025 3:33 PM |
Root Builds on First Profitable Year With Reversal of Q1 Loss to Start 2025
Root Inc. reported first quarter net income of $18.2 million to build off results of 2024—its first profitable year. The net profit for the first three months of 2025 is compared to a net loss of $6.2 million for Q1 …
POSTED MAY 08, 2025 2:56 PM |
Apollo’s Aspen Insurance Raises $397.5 Million in US IPO
Aspen Insurance priced its New York initial public offering within its marketed range on Wednesday, raising $397.5 million for the Bermuda-based specialty insurer. The Apollo Global Management-owned insurer sold 13.25 million shares at $30 apiece, compared with its targeted range …
POSTED MAY 08, 2025 2:14 PM |
Trump’s Plan to Fix Air Traffic Control Faces Huge Hurdles
U.S. Transportation Secretary Sean Duffy on Thursday will call for tens of billions of dollars to overhaul America’s strained air traffic control system to address crumbling infrastructure, dramatic staffing shortfalls and failing technology. Key questions remain unanswered: Will it work? …
POSTED MAY 08, 2025 2:08 PM |
People Moves: Marsh Taps FERMA’s Beaupérin as Client Leader, Risk Management, Europe; Sompo Int’l Holdings Names Walsh as Independent Non-Exec Chair
Marsh Taps FERMA’s Beaupérin as Client Leader, Risk Management, Europe Marsh, the insurance brokerage business of Marsh McLennan, announced the appointment of Typhaine Beaupérin as client leader, Risk Management, Europe, effective end of June 2025. Based in Brussels, Beaupérin will …
POSTED MAY 08, 2025 1:55 PM |
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