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AM Best Downgrades Financial Rating of Illinois’ Prime Insurance
AM Best has downgraded the Financial Strength Rating to B (Fair) from A- (Excellent) and the Long-Term Issuer Credit Rating to “bb+” (Fair) from “a-” (Excellent) of Prime Insurance Company based in Chicago, Illinois. Concurrently, AM Best has maintained the …
POSTED AUGUST 31, 2026 4:47 PM |
American Airlines to Pay $200K for Discrimination Against Worker With Blindness
American Airlines will pay $200,000 to settle a disability discrimination lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. According to the EEOC’S lawsuit, American Airlines failed to provide a reasonable accommodation to an employee …
POSTED AUGUST 31, 2026 4:35 PM |
Sentry’s Dairyland to Return $30 Million to Florida Auto Insureds
Auto insurer Dairyland announced that it will return $30 million in savings to eligible Florida private passenger automobile policyholders through a one-time dividend. The insurer is crediting legal system changes signed into law in 2023 and “improved market stability” for …
POSTED AUGUST 31, 2026 3:54 PM |
KKR Scores Windfall in $17 Billion Sale of USI Insurance
KKR & Co. is set to reap a $3.3 billion windfall from its deal to sell USI Insurance Services to Aon Plc for $17 billion, a significant exit for a unit that’s invested its balance sheet in long-term private equity …
POSTED AUGUST 31, 2026 2:05 PM |
Wildfire Risks in California and Oregon Worsened by Strong Winds
Northern California and southern Oregon are under red flag fire warnings, as the threat posed by tinderbox conditions is compounded by strong winds. National Weather Service warnings are in place from noon to 8 p.m. local time, while the U.S. …
POSTED AUGUST 31, 2026 1:44 PM |
US Expanding Long-Range Commercial Drone Testing Program
The US government is expanding a program for testing out drones in real-world scenarios, focusing on more advanced use cases involving larger unmanned systems, higher altitudes and longer distances. The Transportation Department and Federal Aviation Administration said Aug. 27 that …
POSTED AUGUST 31, 2026 1:17 PM |
Poland Probing if Fire at Drone Facility Is an Act of Terror
Poland opened an official investigation into whether a fire at a facility belonging to the country’s largest drone producer WB Electronics SA was an act of terror carried out by foreign spies. The fire at the facility, which produces drone …
POSTED AUGUST 31, 2026 1:04 PM |
Trump Loses Bid to Move NY Hush Money Case to Federal Court
Donald Trump lost another bid to move a challenge to his New York criminal fraud conviction to a federal court as a judge said that payments to an adult film star don’t constitute an official act that would be covered …
POSTED AUGUST 31, 2026 12:46 PM |
FTC Probing YouTube Over Social Media Policies
The US Federal Trade Commission has been investigating whether Alphabet Inc.’s YouTube violated consumer protection laws when it suspended the accounts of users, according to people familiar with the probe. The antitrust and consumer protection agency has been probing YouTube …
POSTED AUGUST 31, 2026 12:44 PM |
Brightline Lands $350 Million Assured Loan in Case of Bankruptcy
Brightline has reached a deal with municipal-bond insurer Assured Guaranty Ltd. that would provide the debt-laden Florida railroad with at least $350 million in new loans if it heads into Chapter 11 bankruptcy, according to people familiar with the matter. …
POSTED AUGUST 31, 2026 12:35 PM |
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