Insurance
‘Tow Godz’ and Auto Glass Businessmen Charged in Carolina Fraud Schemes
Two Carolina businessmen were charged with auto insurance fraud in separate schemes that involved made-up tow truck charges and windshields that were never replaced. In Myrtle Beach, South Carolina, state authorities last week charged John Angulo, 46, the owner of …
Read More New York Sues Prediction Market Platform Kalshi Alleging ‘Illegal Gambling Operation’
New York officials sued prediction market platform Kalshi for potentially billions of dollars on Friday, calling it an “illegal, unlicensed gambling operation” that includes sports wagering as the state seeks to halt its operations and force the company to forfeit …
Read More US Proposes Deep Colorado River Water Cuts For Arizona, California, Nevada
The U.S. government proposed deep cuts to water supply for Arizona, California and Nevada during dry years in a new plan it released on Friday to operate the drought-stricken Colorado River. Lawsuits from states could challenge the federal intervention and …
Read More New York’s Heavy Rains Lead to Water Rescues, Grist Mill Destruction
Cleanup efforts were underway in parts of upstate New York last Thursday following two days of heavy rains that led to flash flooding, water rescues and the destruction of a centuries-old grist mill. Nearly a foot (30 centimeters) of rain …
Read More Trump Blames Minnesota Cyberattack on Governor, Not Iran
President Donald Trump blamed Minnesota state officials with whom he has feuded for cyberattacks on multiple water systems there, despite reports that officials suspected Iranian involvement in the disruptions. The New York Times, citing U.S. and state officials, reported that …
Read More Florida Woman Sentenced in $6 Million Force-Placed Insurance Scheme
A south Florida woman who was once a licensed insurance producer has been sentenced to spend more than three years in prison and forfeit assets after she pleaded guilty to a leading role in a $6 million property insurance and …
Read More Supply Chain Insurance Is ‘Must-Have’ Cover During Geopolitical Tensions: GlobalData
Supply chain insurance is seen as a must-have protection during a period of geopolitical tensions to safeguard daily commercial operations, according to GlobalData, the London-based data and analytics company. Supply chain insurance (41.1%) is the product expected to see the …
Read More NHTSA Probes 1.2 Million Tesla Vehicles Over Suspension Failure Risks
he National Highway Traffic Safety Administration said on July 31 it has opened a preliminary investigation into about 1.2 million Tesla vehicles over reports of suspension failures that could cause a loss of vehicle steering control. The regulator said its …
Read More Deadly Flooding in West Virginia Finds Prevention Plans Unaddressed
At least two West Virginians are dead, dozens of homes are damaged and communities across north central West Virginia are left picking up the pieces in the wake of another major flood. Just a decade ago, a massive flood prompted …
Read More Japan Earthquake Halts Auto and Chip Plants, Testing Supply Chain Resilience
The 7.1-magnitude quake that struck southern Japan this week has brought many car and semiconductor factories in the area to a halt, but hopes are high that disruptions will be less severe than a similar-sized temblor that rocked the region …
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