Patricia Wells

Mercury Insurance is teaming up with Liberty Mutual Insurance to help thousands of California Safeco customers who are affected by changes in Liberty Mutual’s personal insurance offerings. As Liberty Mutual shifts its strategy for its California personal lines, especially for renters, condo, and some auto policies, it will advise its independent agents to guide those … Read more

Starting January 1, 2026, New Hampshire businesses will pay less for workers’ compensation insurance. The New Hampshire Insurance Department has approved an average 6.1% drop in voluntary workers’ compensation loss costs. Meanwhile, the assigned risk pool for businesses that can’t get coverage in the voluntary market will see a smaller cut of 5.4%. This is … Read more

U.S. companies are spending more than ever to protect their top executives, as threats and violent attacks on corporate leaders have become more common. This surge in security measures comes after two high-profile killings of business officials in New York City over the past eight months. In response to a recent shooting in Manhattan that … Read more

A climate nonprofit is bringing back an important federal database that tracks billion-dollar weather disasters, which the Trump administration stopped updating in May. This database, originally created by the National Oceanic and Atmospheric Administration (NOAA), will return this fall under the care of Climate Central, a climate-focused nonprofit. Climate Central has hired Adam Smith, the … Read more

Last month, federal immigration agents carried out a major raid at Glass House Brands, California’s largest legal marijuana grower. The operation took place at the company’s farms in Camarillo and Carpinteria, just northwest of Los Angeles, leading to the detention of hundreds of people, including nine employees of Glass House. The raid, one of the … Read more

A financial advisor from Michigan is facing serious charges after being accused of insurance fraud. Todd Bernstein, 67, from Birmingham, was arraigned on July 30 in Bloomfield Hills. He stands charged with four counts of insurance fraud, each carrying a possible four-year felony sentence. The allegations claim that Bernstein submitted misleading information on applications for … Read more

Shareholders of Third Point Investors Ltd., a UK investment trust managed by Dan Loeb’s hedge fund Third Point, are being advised to vote against a major change to the company’s business. The proposal, which will be decided on August 14, involves turning the investment trust into a reinsurance company. ISS, a proxy advisory firm, has … Read more

Tesla and its CEO Elon Musk are facing a new lawsuit from shareholders who accuse the company of hiding the dangers of its self-driving technology. The suit was filed Monday night in Austin, Texas, right after Tesla’s first public robotaxi test in the city. During that test, the self-driving cars showed worrying behavior. They sped … Read more

The Senate has approved Andrea Lucas for another term as commissioner of the Equal Employment Opportunity Commission (EEOC), the federal agency that enforces workplace civil rights laws. The vote took place on Thursday night and split largely along party lines, with Republicans supporting her 52-45. Lucas has been a controversial figure, known for aligning the … Read more

Berkshire Hathaway Specialty Insurance (BHSI) is expanding its presence in Canada by launching a new program business, led by David Tran. With over 20 years of experience in underwriting and strategic relationships, Tran will head this effort, focusing on creating insurance solutions through partnerships with program administrators, MGAs, and brokers. Based in Toronto, he steps … Read more