Insurance
Four Fatal Shootings by Officers Were Justified, Mississippi Attorney General Says
JACKSON, Miss. (AP) — The use of force was justified in four fatal shootings by Mississippi law enforcement officers last year, Attorney General Lynn Fitch said Wednesday. Fitch based her findings on investigations conducted by the Mississippi Bureau of Investigation. …
Read More California Advances Landmark Legislation to Regulate Large AI Models
Efforts in California to establish first-in-the-nation safety measures for the largest artificial intelligence systems cleared an important vote this week that could pave the way for U.S. regulations on the technology evolving at warp speed. The proposal, aiming to reduce …
Read More PCF Brokerage Buys Part of Kentucky Health Solutions in 14th Acquisition This Year
PCF Insurance Services, a large U.S. brokerage handling commercial and personal lines, life and health, workers’ compensation and employee benefits, has acquired the insurance business of Kentucky Health Solutions. It’s the 14th acquisition so far this year for Utah-based PCF, …
Read More Musk Beats Suit Over Promoting Dogecoin ‘Pyramid Scheme’
Elon Musk and Tesla Inc. won dismissal of a lawsuit claiming they pumped up the price of the cryptocurrency Dogecoin into a $258 billion “pyramid scheme.” Investors who lost tens of thousands of dollars investing in the cryptocurrency faulted Musk …
Read More Court Revives Sarah Palin’s Libel Lawsuit Against New York Times
A federal appeals court revived Sarah Palin’s libel case against The New York Times on Wednesday, citing errors by a lower court judge, particularly his decision to dismiss the lawsuit while a jury was deliberating. The 2nd U.S. Circuit Court …
Read More Trucking Firm of Fatigued Driver Who Caused Fatal Crash Kept Fake Hours Data: NTSB
A crash that killed three passengers on a party bus on a Virginia highway was caused by a fatigued truck driver working for a company that allowed its drivers to log excessive hours, a federal report concluded Wednesday. The December …
Read More Sunken Superyacht Likely to Cost Insurers at Least $150 Million, Experts Say
Insurers of the Bayesian superyacht that sank this month, killing tech entrepreneur Mike Lynch and six others, could be on the hook for at least $150 million, according to the first estimates by industry experts. The British-flagged 56-meter-long (184-foot-long) yacht, …
Read More UK’s Aviva Conspired to Dodge India Compensation and Tax Rules, Agency Says
An Indian tax agency has found that British insurer Aviva breached local regulations capping commissions to sales agents with a system of fake invoices and clandestine cash payments, according to a notice seen by Reuters. In an attempt to grow …
Read More GM Must Face Big Class Action Over Faulty Transmissions
General Motors was ordered by a federal appeals court to face a class action claiming it violated laws of 26 U.S. states by knowingly selling several hundred thousand cars, trucks and SUVs with faulty transmissions. The 6th U.S. Circuit Court …
Read More NHTSA Closes Two Preliminary Probes Into Fisker’s Ocean SUVs
The U.S. auto safety regulator said on Wednesday it has closed two separate probes into Fisker’s Ocean SUVs over an alleged door malfunction and a loss of brake performance, after the electric-vehicle startup issued recalls to fix the problems. The …
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