Patricia Wells

Marsh McLennan, a major player in the insurance industry, has shared some eye-opening updates about the market and its own plans moving forward. John Doyle, the company’s president and CEO, highlighted a concerning gap: insurance prices are dropping, but the cost of risk keeps going up. This, he warns, isn’t a balance that can hold … Read more

The U.S. Chamber of Commerce has taken legal action against the Trump administration over a new $100,000 fee on H-1B visa applications. The lawsuit, filed in Washington, D.C., challenges the fee as illegal, saying it goes against federal immigration laws and makes it too expensive for many U.S. companies to hire skilled foreign workers. The … Read more

A Bermuda-based insurance company that covered several well-known New York hospitals has declared it can no longer pay its child sex abuse claims. Northeast Insurance Co. has told the Bermuda Supreme Court it is insolvent and asked a U.S. bankruptcy court in New York to recognize this move. Northeast stopped selling new insurance policies in … Read more

The J.M. Smucker Company has filed a lawsuit against Trader Joe’s, claiming the grocery chain’s new frozen peanut butter and jelly sandwiches look too much like Smucker’s popular Uncrustables. The legal action was taken in a federal court in Ohio this week. Smucker says Trader Joe’s sandwiches share key design features with Uncrustables, such as … Read more

Meta Platforms Inc. is investing over $1.5 billion to build a massive new data center in El Paso, Texas, aimed at boosting its artificial intelligence work. The facility will eventually have a capacity of 1 gigawatt to power advanced AI computing chips. Meta plans to have the center up and running by 2028. This is … Read more

A federal appeals court has blocked the U.S. government from sending National Guard troops to Chicago to help respond to protests against President Donald Trump’s immigration policies. On Thursday, a three-judge panel from the 7th U.S. Circuit Court of Appeals upheld a temporary order issued on October 9 by U.S. District Judge April Perry, which … Read more

Energy Transfer LP has pushed back its final investment decision for the Lake Charles liquefied natural gas (LNG) export project in Louisiana to early 2026. This is a delay from their original plan to make the decision by the end of this year. Sources familiar with the matter said the company needs more time to … Read more

Marsh McLennan reported a solid third quarter with revenues reaching $6.4 billion, up 11% from the same period last year. On an organic basis, which excludes effects from acquisitions and currency changes, revenue grew 4%, a slight slowdown from the 5% organic growth seen in the third quarter of 2024. John Doyle, the company’s president … Read more

Up to 22 states across the central and southern U.S. are gearing up for a stretch of severe weather through the weekend. Meteorologists warn that thunderstorms, hail, and strong wind gusts could cause damage in many areas starting Thursday and lasting into Saturday. A weather front currently sitting over the Central and Southern Rockies will … Read more

Waymo, a leader in self-driving car technology, is expanding its reach beyond the United States as it steps up efforts to bring autonomous vehicles to more cities worldwide. After years of steady growth in the U.S., Waymo is now teaming up with ride-hailing services and fleet operators to speed up its rollout, even as Tesla … Read more