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Ken Griffin Runs Into Miami Resistance Over Personal Helipad
Ken Griffin is running into opposition to his plans to build a personal heliport in Miami Beach, in a rare instance of pushback to the financier’s South Florida development spree. The leaders of eight luxury condominiums lining Biscayne Bay are …
POSTED SEPTEMBER 25, 2026 3:43 PM |
Florida’s Private Railroad, Brightline, Files for Bankruptcy
Florida’s Brightline has filed for bankruptcy protection after years of lower-than-expected revenue left it unable to repay billions it borrowed to finance the Miami-to-Orlando private railroad. Brightline Holdings LLC and certain other parent entities filed for Chapter 11 on Thursday …
POSTED SEPTEMBER 25, 2026 3:37 PM |
Georgia High Court Declines to Hear Darlington School Abuse Liability, Clearing Insurers
A Georgia Court of Appeals decision will stand, absolving five insurers of liability coverage and putting an end to long-running litigation stemming from revelations of child sexual abuse at boarding school. The Supreme Court of Georgia this month declined to …
POSTED SEPTEMBER 25, 2026 3:31 PM |
State Farm to Increase Claims Workforce by 3,000
State Farm said it plans to increase the size of its claims workforce throughout 2027 by about 10%, or about 3,000 employees. In a Sept. 25 announcement, the mutual insurer said it is investing in training, developing, and recruiting to …
POSTED SEPTEMBER 25, 2026 3:28 PM |
South Florida Hoping to Dry Out After Heavy Rains Swamp Cars, Overflow Sewers
Torrential rainfall in south Florida was enough to swamp cars and overflow sewage drains, but damage may have been limited by local governments’ renewed efforts to clear debris and improve drainage. The Miami Herald and other news outlets reported that …
POSTED SEPTEMBER 25, 2026 2:48 PM |
Northeast and Mid-Atlantic States Take Cover as Nor’easter Hits
Across the Northeast and Mid-Atlantic, insurance carriers are advising agents not to bind any new business, cities and states have activated their emergency response systems and urged residents to stay indoors, crews for energy providers like National Grid are on …
POSTED SEPTEMBER 25, 2026 2:43 PM |
AM Best: US Mutual Insurers Doubled Net Income in 2025
Total net income for U.S. property/casualty mutual insurers doubled compared to 2024 to about $42.6 billion in 2025 as underwriting income surged to about $14.8 billion from a loss of $7.2 billion in 2024. According to a recent A.M. Best …
POSTED SEPTEMBER 25, 2026 2:27 PM |
Hurricane Nolo Threatens Hawaii With Catastrophic Flooding
Hurricane Nolo is threatening Hawaii, a state already raked by multiple natural disasters since March that have caused hundreds of millions of dollars in damage. Nolo’s top winds reached 75 miles (120 kilometers) per hour as it churned about 450 …
POSTED SEPTEMBER 25, 2026 2:04 PM |
First US Trial Against TikTok to Test Claims Platform Fueled Teen Mental Health Crisis
An Alabama jury will hear the state’s claims that TikTok and its Chinese parent company ByteDance made the platform addictive to young users and misled consumers about its safety, in the first case against the company to reach trial in …
POSTED SEPTEMBER 25, 2026 12:46 PM |
Crypto Exchange Bitget Says Hackers Stole $352 Million
Crypto exchange Bitget reported an estimated $351.6 million in unauthorized transfers from some of its wallets and temporarily suspended withdrawals. “User funds are safe,” Chief Executive Gracy Chen said in a post on X early Friday in Singapore. “The full …
POSTED SEPTEMBER 25, 2026 10:07 AM |
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