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People Moves: CNA Appoints Haas, Nardiello and Kim to Leadership Roles
CNA Financial Corp., headquartered in Chicago, made several leadership appointments across key business segments. David Haas has been appointed president global specialty, where he will oversee financial lines, healthcare, affinity and warranty. A seasoned executive at CNA, Haas most recently …
POSTED AUGUST 20, 2025 9:00 AM |
Hijacked Satellites, Orbiting Space Weapons: In 21st Century, Space Is New Battlefield
As Russia held its Victory Day parade this year, hackers backing the Kremlin hijacked an orbiting satellite that provides television service to Ukraine. Instead of normal programing, Ukrainian viewers saw parade footage beamed in from Moscow: waves of tanks, soldiers …
POSTED AUGUST 20, 2025 8:25 AM |
Allianz Raises $1.25 Billion in Perpetual-Bond Litmus Test
Allianz SE sold $1.25 billion of perpetual notes Tuesday, the German insurer’s latest batch of risky bonds that investors said could set the tone for the subordinated debt market. The Restricted Tier 1 bond has an annual coupon of 6.55%, …
POSTED AUGUST 20, 2025 7:57 AM |
Renewables Battling Climate Change Now Need to Insure Against It
Solar and wind energy companies are betting on a novel form of insurance to protect their assets against wild and volatile weather — the very type of climate risk they were set up to fight. Renewable power projects can lose …
POSTED AUGUST 20, 2025 7:38 AM |
Sentry Leases 105,000 Square Feet for The General’s Offices in Nashville
Less than a year after it purchased The General auto insurer, Sentry Insurance is leasing 105,000 square feet of office space in Nashville, giving The General new headquarters. The General, one of the largest non-standard auto insurers in the country, …
POSTED AUGUST 20, 2025 5:01 AM |
Fatal Explosion at 110-Year Old U.S. Steel’s Plant Raises Questions About Its Future
The fatal explosion last week at U.S. Steel’s Pittsburgh-area coal-processing plant has revived debate about its future just as the iconic American company was emerging from a long period of uncertainty. The fortunes of steelmaking in the U.S. — along …
POSTED AUGUST 20, 2025 5:00 AM |
California Crafting New Auto Pollution Rules After Trump Attacks
California’s clean-air regulator is pressing ahead with work on new rules for auto emissions in the state and possible new tax credits for electric cars to counter the Trump administration’s effort to corral the state’s regulatory heft. The California Air …
POSTED AUGUST 20, 2025 5:00 AM |
Musk’s SpaceX, Others Win Court Challenge to Labor Board’s Structure
A U.S. appeals court on Tuesday agreed with Elon Musk’s SpaceX and two other companies that the U.S. National Labor Relations Board’s structure is likely unlawful and blocked the agency from pursuing cases against them. The ruling by the New …
POSTED AUGUST 20, 2025 5:00 AM |
Insurance Matters Topped Disputes Handled by Oregon Consumer Advocates
Consumer advocates in the Oregon Division of Financial Regulation report recovering $1.2 for residents, bringing the year-to-date total to more than $3.7 million. In the second quarter, consumer advocates reported getting 1,367 complaints, with insurance complaints leading the way with …
POSTED AUGUST 20, 2025 5:00 AM |
JPMorgan Must Face Claims Over Son’s Fleecing of Elderly Mom
JPMorgan Chase & Co. lost an attempt to stop an 85-year-old widow from pursuing claims in arbitration that the company failed to prevent her son from siphoning more than $8 million from her bank accounts. The widow, Susan Kraus, in …
POSTED AUGUST 20, 2025 5:00 AM |
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