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Tag: insurance-journal

Allianz Raises $1.25 Billion in Perpetual-Bond Litmus Test
Insurance Journal | August 20, 2025
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%, …
Renewables Battling Climate Change Now Need to Insure Against It
Insurance Journal | August 20, 2025
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 …
Sentry Leases 105,000 Square Feet for The General’s Offices in Nashville
Insurance Journal | August 20, 2025
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, …
Fatal Explosion at 110-Year Old U.S. Steel’s Plant Raises Questions About Its Future
Insurance Journal | August 20, 2025
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 …
California Crafting New Auto Pollution Rules After Trump Attacks
Insurance Journal | August 20, 2025
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 …
Musk’s SpaceX, Others Win Court Challenge to Labor Board’s Structure
Insurance Journal | August 20, 2025
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 …
Tesla Drivers Can Pursue Class Action Over Self-Driving Claims, Judge Rules
Insurance Journal | August 19, 2025
Tesla Drivers Can Pursue Class Action Over Self-Driving Claims, Judge Rules
Tesla must face a certified class action by California drivers who said Elon Musk misled them for eight years about the self-driving capabilities of his company’s electric vehicles. U.S. District Judge Rita Lin said the common question of whether Tesla …
Ohio Healthcare Facility to Settle Race Discrimination Charge
Insurance Journal | August 19, 2025
Ohio Healthcare Facility to Settle Race Discrimination Charge
Progressive North Ridgeville, LLC, a healthcare facility in North Ridgeville, Ohio, agreed to pay $5,000 and take corrective action to resolve a race discrimination charge filed with the U.S. Equal Employment Opportunity Commission (EEOC), the agency announced. The EEOC’s investigation …
Ugly Corn Photos on Social Media Show Risk Posed to Record US Crop
Insurance Journal | August 19, 2025
Ugly Corn Photos on Social Media Show Risk Posed to Record US Crop
The US government is forecasting a record corn crop this year, but pictures of ugly-looking plants spreading fast through social media have triggered concern about the upcoming harvest. The photos show corn with missing kernels as a result of uneven …
After Wildfire, Can Grand Canyon Mascot Be Restored?
Insurance Journal | August 19, 2025
After Wildfire, Can Grand Canyon Mascot Be Restored?
Missing an ear and his front legs detached, Brighty the Burro certainly has seen better days. The 600-pound (273-kilogram) bronze statue used to greet visitors at the Grand Canyon Lodge on the national park’s North Rim. The nearly century-old building …