Insurance
Biden’s Biofuel Push Risks Dethroning Corn as King of US Crops
American farmers will plant more corn than soybeans in 2024 — as they have in most years for over a century. But beyond that, a green diesel boom threatens to dethrone the king of all crops. President Joe Biden’s decarbonization …
Read More Baltimore Bridge May Trigger Historic Marine Loss, Lloyd’s of London Says
Insurance payouts for the Tuesday’s collapse of the Francis Scott Key Bridge in Baltimore could be among the largest ever in marine insurance, according to Lloyd’s of London Chief Executive Officer John Neal. “This has the potential to be one …
Read More Wisconsin Supreme Court: Amazon Drivers Can Be Declared Employees
MADISON, Wis. (AP) — The Wisconsin Supreme Court on Tuesday let stand a lower court ruling that declared some delivery drivers for Amazon were employees as the state argued, not independent contractors as the online retail giant contended. The court, …
Read More Louisiana Insurance Product Arrested for Fraud, Theft
A Baton Rouge, Louisiana insurance producer was arrested for insurance fraud and theft, the Louisiana State Police announced this week. The Louisiana State Police Insurance Fraud/Auto Theft Unit Baton Rouge Field Office began receiving information from the Louisiana Department of …
Read More Bird Flu is Another Blow to ‘Cattle Country’ Following Wildfires
LUBBOCK — Cows in the Texas Panhandle have tested positive for the bird flu, another blow to the Texas dairy industry following historic wildfires that killed at least 7,000 livestock. The discovery, reported at three different dairies, is believed to …
Read More US Offers $10M Bounty for Information on ‘Blackcat’ Hackers Who Hit UnitedHealth
The U.S. State Department on Wednesday offered up to $10 million for information on the “Blackcat” ransomware gang who hit the UnitedHealth Group’s tech unit and snarled insurance payments across America. “The ALPHV Blackcat ransomware-as-a-service group compromised computer networks of …
Read More UnitedHealth Group Paid Over $3.3B to Care Providers Hit by Cyberattacks
U.S. insurer UnitedHealth Group on Wednesday said it has advanced more than $3.3 billion so far to care providers impacted by a cyberattack last month on insurance claims system Change Healthcare. UnitedHealth said it has paid more than 40% of …
Read More Louisiana’s Temple Seeks Reform in Response to State Farm’s California Exit
Louisiana Insurance Commissioner Tim Temple pointed to State Farm’s withdrawal from the California market as a warning for lawmakers to modernize Louisiana’s regulatory framework and address legal system abuse – or risk insurers leaving the catastrophe-prone state. “As natural disasters …
Read More J&J Can Contest Evidence Linking Its Talc to Cancer, US Judge Rules
Johnson & Johnson will get a new chance to contest the scientific evidence linking talc to ovarian cancer, a federal judge ruled on Wednesday, potentially disrupting more than 53,000 lawsuits the company is now facing over its talc products. In …
Read More Asset-Backed Securities Face New Risks From US Court Decision
A federal court decision has raised new legal risks for a corner of Wall Street that bundles consumer loans into asset-backed securities. A US appeals court last week for the first time upheld the power of the Consumer Financial Protection …
Read More