Insurance
Union Mutual Invests in Vermont Solar Project
Union Mutual Insurance Co. recently announced its participation in community-owned solar project under development by the Acorn Renewable Energy Co-op of Middlebury. As the sole Series A member investor, Union Mutual has provided roughly one-third of the capital to construct …
Read More Twitter Rejects Musk’s Claims That He Was Hoodwinked
Twitter Inc. on Thursday dismissed Elon Musk’s claims in a Delaware court filing that he was hoodwinked into signing the deal to buy the social media company, saying that it was “implausible and contrary to fact.” Musk made the claims …
Read More State Farm Alleges $2.6M Auto Insurance Fraud by New Jersey Chiropractors, Doctors
Insurer State Farm is fighting what it says is a fraudulent medical scheme that has been exploiting New Jersey’s personal injury protection (PIP) benefits law since 2014. The insurer is seeking to recover $2.6 million in what is claims are …
Read More Russia Finds New Route to Get Oil to Market Via Tiny Egyptian Port
Russia appears to have found a new means of getting its oil to market with western sanctions looming for Moscow. A cargo of about 700,000 barrels of Russian oil was delivered to Egypt’s El Hamra oil terminal on its Mediterranean …
Read More World Insurance Associates Acquires Consumers Choice Underwriters
World Insurance Associates announced its acquisitions of Consumers Choice Underwriters Inc. of Miramar, Florida, on June 1. Terms of the transaction were not disclosed. Consumers Choice writes property/casualty insurance throughout Florida including homeowners, commercial and special event insurance. The agency …
Read More Russian E-commerce Firm Ozon Assesses Damages After Massive Warehouse Fire
MOSCOW – Russian e-commerce company Ozon said on Thursday it was still assessing the economic damage from a huge fire at its warehouse near Moscow, but that there were no significant risks to its liquidity and operational activities. At least …
Read More Japan Truck Manufacturer Hino Admits It Faked Emissions Data for 20 Years
TOKYO (AP) – Hino Motors, a truck maker that’s part of the Toyota group, systematically falsified emissions data dating back as far as 2003, according to the results of an investigation released Tuesday. President Satoshi Ogiso bowed deeply at a …
Read More Ukraine Wants Ship Safe Passage Deal Extended Beyond Grain to Other Cargoes
Three grain ships left Ukrainian ports on Friday while the first inbound cargo vessel since Russia’s invasion was due in Ukraine later in the day to load, as Kyiv called for the safe passage deal to be extended to other …
Read More UK’s Solvency II Plans Could Open Door to Share-Buyback Bonanza for Insurers
Insurers would potentially be able to use billions of pounds of expected gains from a relaxation of capital rules for share buybacks and to pay dividends, under plans by both candidates to succeed Boris Johnson as UK prime minister. Foreign …
Read More Teenagers Charged with Arson at Chicago-Area Shuttered Resort
Two teenagers have been charged with arson for allegedly setting a May fire at a shuttered suburban Chicago resort that took firefighters a full day to extinguish. The two boys face charges of arson, burglary, criminal damage to property and …
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