Allstate, one of the nation's largest insurance companies, has joined State Farm in deciding to halt sales of property and casualty coverage to new customers in California, saying it's too pricey to underwrite
LOS ANGELES (AP) — Two insurance industry giants have pulled back from California’s home insurance marketplace, saying that increasing wildfire risk and soaring con…
The job cuts come as German auto companies push to reduce costs to stay competitive in the international market. Valeo No. of Employees to be Laid off: 1000 Industry: Automotive November 2024 Valeo SA plans to cut about 1,000 jobs in Europe and close its two plants in France. The shut...
Workers at a Volkswagen plant in Chattanooga, Tennessee, voted overwhelmingly to join the United Auto Workers, becoming the first Southern autoworkers outside of the Big Three to do so in a region long resistant to unionization. Almost three-quarters of 3,613 workers voted for UAW representation...
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Edison International(EIX) shares rose 6% after the company said that California’s Wildfire Insurance Fund may help shield the electric utility’s balance sheet following the deadly January wildfires there. Erie Indemnity(ERIE) jumped 5.7% after the insurer posted earnings that exceeded analyst expecta...
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The pay reductions are expected to be in place until the end of the second quarter. Health orders, implemented to curb the spread of COVID-19, forced Elon Musk's electric-car company to wind down production at its main vehicle assembly plant in Fremont, California. ...
The pay reductions are expected to be in place until the end of the second quarter. Health orders, implemented to curb the spread of COVID-19, forced Elon Musk's electric-car company to wind down production at its main vehicle assembly plant in Fremont, California. ...