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Walmart ‘Surprised’ Old Store Is a Migrant Shelter. Records Hinted at the Possibility.
An executive at the giant retailer signed a document that indicated the property was being purchased with a loan from a large shelter operator.

POSTED JUNE 20, 2018 2:55 PM
Disney Raises Offer for 21st Century Fox in Bidding War With Comcast
Fox issued a statement saying Disney’s sweetened bid, a 35 percent increase over its previous offer, was “superior” to Comcast’s offer.

POSTED JUNE 20, 2018 5:46 PM
State of the Art: How Tech Companies Conquered America’s Cities
Elon Musk is drilling tunnels, electric scooters command the sidewalks, and Amazon is throwing its weight around in Seattle. Welcome to the technocapitalist metropolis of the future.

POSTED JUNE 20, 2018 9:00 AM
Amazon, Berkshire Hathaway and JPMorgan Name C.E.O. for Health Initiative
Dr. Atul Gawande, a Harvard professor, surgeon and writer, will lead the initiative formed to provide health care for the companies’ employees.

POSTED JUNE 20, 2018 2:20 PM
As Auto Industry Transforms, Ford and Volkswagen Consider an Alliance
The two companies said they were exploring a strategic partnership, looking to join forces on projects like the development of commercial vehicles.

POSTED JUNE 20, 2018 1:54 PM
Disability Applications Plunge as the Economy Strengthens
Fewer people are seeking and receiving Social Security disability benefits, reversing a long trend that had worried lawmakers about fraud and abuse.

POSTED JUNE 20, 2018 1:42 AM
At OPEC Meeting, U.S. Pressure Frays Uneasy Agreement
Cooperation between several longtime rivals has helped increase oil prices in recent months. But that coordination now looks to be at risk.

POSTED JUNE 20, 2018 5:21 PM
Trump’s Trade War Spooks Markets as White House Waits for China to Blink
The administration, threatening tariffs on as much as $450 billion worth of goods, believes Beijing has more to lose. Companies, investors and markets are increasingly worried.

POSTED JUNE 19, 2018 11:56 PM
Britain Holds Up China Aerospace Deal Over National Security
In delaying the proposed takeover, British officials appear worried that even a small supplier to Airbus and Boeing could have national security implications.

POSTED JUNE 20, 2018 5:56 PM
G.E. Dropped From the Dow After More Than a Century
General Electric, the last original member of the Dow Jones industrial average, was replaced by the Walgreens Boots Alliance drugstore chain.

POSTED JUNE 20, 2018 2:23 PM

News – Insurance Journal

PEMCO in Washington Adds Farmer, Jameson
PEMCO Insurance has named Noel Farmer to the company’s infrastructure and operations team, where he’ll lead and manage PEMCO’s internal technical support group. PEMCO has also named Rebecca Jameson a product manager for its auto line of business. Farmer’s primary …

POSTED JUNE 20, 2018 5:47 PM
Illnesses at Houston Workplace Blamed on Carbon Monoxide
About two dozen people have been treated for apparent carbon monoxide poisoning at a Houston food distribution center. Firefighters were summoned to the center along the city’s Produce Row after workers reported experiencing nausea, headache and dizziness. Authorities say they …

POSTED JUNE 20, 2018 4:41 PM
State Farm to Cut Auto Insurance Rates in Missouri
State Farm Mutual Automobile Insurance Co. plans to lower auto insurance rates rates in Missouri by 3 percent overall. The company said the total statewide savings for all State Farm customers affected by this rate decrease in Missouri will be …

POSTED JUNE 20, 2018 4:32 PM
Buffett’s Geico to Open Service Center in Lenexa, Kansas, Create 500 Jobs
Business icon Warren Buffett plans to open a new Geico Insurance service center that will bring 500 jobs to Lenexa, Kansas. The Kansas City Area Development Council said in a news release that the center will open in August and …

POSTED JUNE 20, 2018 4:30 PM
Texas Attorney Charged with Workers’ Compensation Fraud
Workers’ compensation insurer, Texas Mutual Insurance Co. reported that a Travis County grand jury has indicted attorney Leslie Casaubon of Lewisville, Texas, on three counts of workers’ compensation fraud-related charges The indictment alleges that, from 2010 to 2014, Casaubon billed …

POSTED JUNE 20, 2018 4:19 PM
Weiss Ratings Names Strongest, Weakest Homeowners Insurers in Texas
Palm Beach Gardens, Florida-based Weiss Ratings has named the six strongest providers of homeowners insurance doing business in Texas that are financially ready for the 2018 hurricane season. At the same time, Weiss Ratings has identified seven weak insurance companies …

POSTED JUNE 20, 2018 4:16 PM
At Least One Dead in Widespread Flooding in Midwest
Widespread flooding in the Upper Midwest was blamed for at least one death in Wisconsin, while disaster declarations were issued Monday in northern Michigan after flash-flooding washed out roads, damaged businesses and caused dozens of sinkholes. The body of a …

POSTED JUNE 20, 2018 4:04 PM
Amwins’ Davies Tapped to Lead New Property Underwriting Facility for Ryan Specialty Group
Chicago-based Ryan Specialty Group LLC (RSG) has named Katie Davies as president and CEO of a new, yet-to-be-named property catastrophe managing underwriting facility that will be exclusive to RT Specialty. Company spokesperson Alice Topping said the facility is in its …

POSTED JUNE 20, 2018 4:00 PM
Nuclear Contamination Found on Worker at New Mexico Weapons Lab
Reports from an independent safety panel show radioactive contamination was found on a worker’s hands and other places at a nuclear weapons lab in New Mexico, the latest safety lapse at the facility as it ramps up work with nuclear …

POSTED JUNE 20, 2018 3:30 PM
University of Washington to Pay $123K to Settle Free-Speech Lawsuit
The University of Washington will pay $122,500 to settle a lawsuit filed after the college billed a Republican club security fees for a rally. The UW College Republicans sued, saying the bill for $17,000 to cover security costs for the …

POSTED JUNE 20, 2018 3:28 PM

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