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Home-Renovation Expense Keeps Rising as Companies Pass on Costs
Households squeezed by high grocery and gas prices are facing another hit: rising costs for home repairs and upgrades. The cost of repairing or remodeling a home has risen steadily through October, with higher oil and energy prices, along with …
POSTED NOVEMBER 09, 2026 6:09 AM |
Berkshire Hathaway Boosts Buybacks as Operating Income Slips
Berkshire Hathaway Inc. spent about $9.6 billion to buy back its own shares in the third quarter, a sign the company’s executives viewed the stock as undervalued. But declining insurance underwriting weighed on its operating earnings in a mixed quarter …
POSTED NOVEMBER 09, 2026 6:08 AM |
Not in a FEMA Flood Zone? Your Home Could Still Be at Risk
If your home isn’t in a federally designated flood zone, flooding might seem like someone else’s problem. No one requires you to buy flood insurance, and the map suggests you’re in the clear. But reality may be very different. Mounting …
POSTED NOVEMBER 09, 2026 6:03 AM |
Manufacturers Hammer IBHS Over 15-Year Roof Age Limit for Fortified Designation
Asphalt-roofing manufacturers have come out swinging against a new Insurance Institute for Business and Home Safety standard that limits the coveted “Fortified” designation to roofs younger than 15 years. The manufacturers’ response could lend new fuel to the debate over …
POSTED NOVEMBER 09, 2026 6:01 AM |
Row House Fire in Brooklyn Kills 6 People and Injures 9
A fire barreled through a multifamily row house in New York early Thursday, killing six people and injuring nine others, including some firefighters and police officers, the city’s fire department said. More than 200 first responders descended on the two-story …
POSTED NOVEMBER 09, 2026 6:00 AM |
Employers, Watchmen at California Ports Extend Contract Talks
The Los Angeles and Long Beach seaports employer group and the International Longshore and Warehouse Union Local 26 extended their bargaining deadline through November 20, averting a potential strike by about 2% of workers at the busiest US container port …
POSTED NOVEMBER 09, 2026 6:00 AM |
J. Edward Knight Insurance Acquires Maine Agency’s P/C Business
Maine independent agency J. Edward Knight Insurance has agreed to acquire the property/casualty book of business from another Maine agency, Atlantic Insurance & Benefits. The change will officially go into effect on January 1, 2027. Terms were not disclosed. According …
POSTED NOVEMBER 09, 2026 6:00 AM |
Kim Declares Victory in California Insurance Commissioner Race
Jane Kim claimed victory over fellow Democrat Ben Allen in the race for California insurance commissioner on Friday. Kim was up by more than 400,000 votes as of Friday afternoon. As of Wednesday morning, 99.8% of precincts had reported in, …
POSTED NOVEMBER 06, 2026 9:50 PM |
Some 40% of US Planned Data Center Capacity Is in States Wanting to Hit Pause
Data center opposition had been building across the country, one moratorium or blocked project at a time. Then, virtually overnight, the midterm election tilted a broad swath of the regulatory map against the AI buildout. Newly elected governors in Ohio, …
POSTED NOVEMBER 06, 2026 5:45 PM |
AM Best Upgrades Credit Ratings of Illinois Casualty and Lebanon Valley
AM Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) to “a” (Excellent) from “a-” (Excellent) of Illinois Casualty Company (ICC) and Lebanon Valley Insurance Company (LV). …
POSTED NOVEMBER 06, 2026 5:22 PM |
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