Latest News
Virginia Faces 45% Hike in Flood Insurance Rates Under FEMA’s New Rating System
Flood insurance rates are projected to rise by 45% in Virginia under FEMA’s updated Risk Rating 2.0 system, which uses property-specific data like home value, structure, and location to determine rates. Compared to the previous system, which used elevations within...
Louisiana Advances Bills on Insurance Notice, Transparency, and Advertising
Louisiana lawmakers advanced several insurance reform bills aimed at increasing transparency in the industry and helping consumers better understand their coverage. HB 345 would double the required notice period for cancellations or renewals, SB 136 would require...
Flood Insurance Deadline Looms as Florida Lawmaker Pushes for Long-Term Extension
With few weeks left before the National Flood Insurance Program is set to expire on September 30, concerns are rising as federal budget cuts ripple through agencies like Federal Emergency Management Agency, which oversees the national flood insurance. To ensure...
Colorado Lawmakers Push Plan to Lower Home Insurance Premiums Amidst Wildfire Risk
Facing skyrocketing insurance premiums, Colorado lawmakers are proposing a program aimed at lowering costs and encouraging insurers to remain in the state. With Colorado now holding the fourth highest property insurance rates in the U.S., Rep. Kyle Brown and Speaker...
2025 Tariffs: Top 20 Commodities Affected and Their Price Impact
President Trump's new tariffs are set to raise prices on a range of consumer goods. In an analysis released by the Budget Lab at Yale University, the 20 commodity categories impacted by 2025 tariffs and their percentage change in price levels are: Leather products...
U.S. Chemical and Energy Sectors Benefit from White House Tariff Exemption, But Uncertainty Remains
The White House has released a list of chemicals and energy products exempt from President Trump’s reciprocal tariffs, easing concerns over cost spikes for critical materials. The exemption list includes PFAS-based chemicals such as perfluorooctane sulfonamides...
C.W. Matthews Wins $104 Million Contract for Georgia Highway 20 Widening
The Georgia Department of Transportation has awarded C.W. Matthews Contracting Co. Inc. a $104 million contract to widen a 6-mile section of Georgia Highway 20 between Cherokee County and Post Road in Forsyth County. The project will expand the highway to three lanes...
Alstom Secures $518 Million Contract Extension for JFK AirTrain Operations and Maintenance
Alstom has signed a seven-year, $518 million contract extension with the Port Authority of New York and New Jersey to continue operating and maintaining the John F. Kennedy International Airport AirTrain, with an option for three more years. Under the agreement,...
Skanska Lands $444 Million Contract to Replace Raritan River Bridge in New Jersey
Skanska has been awarded a $444 million contract to replace the Raritan River Bridge, a key rail link between Perth Amboy and South Amboy, New Jersey, damaged by Superstorm Sandy. With construction beginning this month and completion expected in 2029, the scope of...
Fluor Awarded $671 Million Contract to Expand SH 6 in Bryan/College Station, TX Area
Fluor Corporation has been awarded a $671 million contract by the Texas Department of Transportation to expand a 12-mile stretch of SH 6 through Bryan and College Station, aiming to ease congestion and improve safety. The project, set to begin in summer 2025, will...
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