Insurance
DOL Recovers OT Pay for NC Workers Misclassified as Independent Contractors
More than 180 workers at a North Carolina company will receive about $1,000 each in overtime pay after the U.S. Department of Labor found that the workers had been misclassified as independent contractors. “Employers who improperly misclassify employees as independent …
Read More Bent Track a Factor in Deadly Montana Amtrak Crash
Investigators probing a fatal 2021 Amtrak derailment in Montana disclosed that the railroad track was bent along a curve near the accident site, and the problem got worse as freight trains traveled over the area before the crash. Details on …
Read More Tanker Detained by Spain Did Not Cause Pollution, Turkish Manager Says
A tanker that was detained by Spain and accused of discharging fuel in open waters near the northeastern port city of Tarragona did not cause any pollution and followed regulations, its Turkish manager said on Wednesday. Spanish authorities said on …
Read More With Rate Increases Still Pending, Lemonade Is Slowing Growth in ’23
Executives of insurtech Lemonade say they’re slowing down growth in 2023, as the company waits for regulators to approve rate hikes needed to keep up with inflation. “So long as these mismatched pockets persist, our growth will be more muted, …
Read More Florida Art Dealer Pleads Guilty in Warhol Forgery Scheme
A South Florida art dealer pleaded guilty in federal court Tuesday in connection with a scheme involving the sale of fake Andy Warhol paintings. Daniel Elie Bouaziz, 69, pleaded to a single count of money laundering in Fort Pierce federal …
Read More Moody’s RMS Estimates $5B Insured Losses From Turkey Quake as Costs Keep Mounting
The economic and insured losses from the earthquakes that hit southern Turkey on Monday, Feb. 6 continue to escalate as damage information and data keeps pouring in. The catastrophe risk modeling firm Moody’s RMS estimated on Feb. 23 that economic …
Read More Thunderstorms, Possible Tornadoes Ravage Central New Jersey
After a rare tornado warning was issued Tuesday, a strong line of thunderstorms ripped through central New Jersey with powerful winds that caused many trees to be ripped out of the ground in Pennington and West Windsor. Some of the …
Read More Meta Loses Bid to Toss $175M Verdict in Streaming Patent Case
A federal judge in Austin, Texas on Tuesday rejected a request by Meta Platforms Inc’s to throw out a $175 million jury patent verdict for walkie-talkie app maker Voxer Inc. U.S. District Judge Lee Yeakel’s decision leaves intact the jury’s …
Read More BNP Paribas Sued in France by Climate Advocacy Groups Over Fossil-Fuel Financing
Three climate-minded organizations are set on Thursday to sue BNP Paribas, the eurozone’s biggest bank, on grounds its loans to oil and gas majors breach a legally binding duty to ensure its activities do not harm the environment. The three …
Read More China Urges State-Owned Firms to Drop Big 4 Auditors Over Data Security Concerns
Chinese authorities have urged state-owned firms to phase out using the four biggest international accounting firms, signaling continued concerns about data security even after Beijing reached a landmark deal to allow US audit inspections on hundreds of Chinese firms listed …
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