Insurance
Baltimore’s Settlements for Rogue Gun Task Force Misconduct Now Top $22M
Baltimore leaders agreed Wednesday to pay a $6 million settlement to the family of a driver who was killed during a 2010 police chase involving Gun Trace Task Force officers – the city’s latest payout resulting from flagrant misconduct by …
Read More Authorities Investigating After Train with Propane Derailed in Florida
Federal and local officials in Florida were investigating after a train car carrying 30,000 gallons (113,562 liters) of propane tipped over in a derailment along the Gulf Coast. The freight train operated by Seminole Gulf Railway derailed Tuesday in an …
Read More Ford recalls 98,500 Ranger trucks over replacement air bag inflators
Ford Motor Co. said it is recalling 98,500 older Ranger pickup trucks in the United States because replacement front passenger air bag inflators may have been installed incorrectly. The new recall covers 2004-2006 model year Ranger trucks recalled in 2017 …
Read More Huge Fire Rips Through Skyscraper in Hong Kong Shopping District
A 42-story hotel being constructed in one of Hong Kong’s tourism districts went up in flames before firefighters brought the fire under control. The Kimpton Hong Kong, a 492-room luxury hotel to be operated by InterContinental Hotels Group Plc near …
Read More US Marshals Computer System Hit by Ransomware Attack
In a major breach of a U.S. Marshals Service computer system this month with ransomware, hackers stole sensitive and personally identifiable data about agency employees and targets of investigations, an agency spokesman said Tuesday. The hacked system was disconnected from …
Read More Canada Joins U.S. and EU in Banning TikTok From Government Phones
Canada will bar civil servants from using TikTok Inc. on government-issued mobile devices due to security concerns around data collection. The social media app, which is owned by China’s ByteDance Ltd., will be automatically removed and blocked from devices starting …
Read More EEOC Sues Exxon for Discrimination After Nooses Found at Plant
Exxon Mobil Corp. was sued for racial discrimination by a U.S. federal agency on Thursday, with charges alleging that the oil major failed to protect workers from harassment after nooses were found at one of its facilities in 2020. The …
Read More Insurance Software on the Block as Private Equity Looks to Cash In
European buyout houses Montagu Private Equity and Astorg Partners are preparing to hang the “for sale” sign on their UK insurance software investments, hoping to woo insurers and fellow private capital funds with their technology. Montagu is exploring a sale …
Read More Jensten Group Completes Basil Fry and Bellegrove Acquisitions in UK
The Jensten Group has completed the acquisitions of Basil Fry & Company and Bellegrove, following final regulatory approval. Collectively the deals bring an additional 5000 clients, 80 staff and £40 million ($47.9 million) gross written premiums to the Jensten Group. …
Read More Turkey Issues Rebuilding Rules After Quake Leaves Millions Homeless, Kills Thousands
Turkey issued rebuilding regulations on Friday for a region devastated by earthquakes this month to enable companies or charities to help in the urgent task of building new homes for the millions who need rehousing after the devastating tremors. More …
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