INSURANCE NEWS
Europe’s Space Agency Says Cyber Incident May Have Hit Servers
The European Space Agency said a cybersecurity issue may have impacted a “very small number” of external servers. In a post on the social media platform X on Tuesday, ESA said it was conducting a forensic analysis and had implemented …
Porsche to Recall Over 173,000 Vehicles for Rearview Camera Issue
Porsche is recalling 173,538 vehicles in the U.S. as the rearview camera image may not display when the vehicle is placed in reverse, the U.S. National Highway Traffic Safety Administration said on Wednesday. This is one of the largest single …
Whose Dog Is That? Delaware Courts Wade Into Pet Custody Fights
The country’s premier corporate law court, which routinely confronts the obduracy of controlling billionaires, is finding pet owners no less intractable in their deal-making. A conflict over ownership of the goldendoodle Tucker pushed Delaware’s Chancery Court into an emerging area …
Labor Board Abandons One of Its Cases Against Musk’s SpaceX
The US labor board is abandoning a complaint over SpaceX’s severance and arbitration policies, resolving one front of a sprawling legal battle between the agency and Elon Musk’s aerospace company. In a Dec. 18 joint motion, attorneys for both SpaceX …
US Lifts Sanctions on Trio Accused of Work on ‘Predator’ Spyware
The US government has lifted sanctions on three people who it previously accused of aiding in the proliferation of “Predator” spyware, a sophisticated surveillance technology that’s allegedly been used against Americans. The Department of Treasury’s removal of the business bans …
People Moves: Alliant Hires Johnson as EVP in M&A Specialty
Alliant Insurance Services hired Adam Johnson as executive vice president within Alliant Specialty. Based in the San Francisco Bay Area, Johnson has experience in insuring venture capital and private equity funds, along with their portfolio companies. He develops strategic risk …
How Maine Is Spending Its Share of Opioid Settlement Money
Over the past five years, the attorney general’s office, with Aaron Frey at the helm, has secured for Maine more than $260 million in settlements with major pharmaceutical companies accused of “supercharging” the opioid epidemic. It has overseen the settlements’ …
Goldman Helps Lead Financing for 5-Gigawatt Texas AI Power Sites
Goldman Sachs Group Inc. is co-leading financing for a Texas project to build private power campuses for artificial intelligence. The New York banking giant is working with real estate advisory Newmark Group Inc. to raise both equity and credit for …
Texas Secures $1.25M Settlement from Hyatt for Consumer Protection Violations
Texas Attorney General Ken Paxton secured a $1.25 million settlement with Hyatt Corporation for violating Texas consumer protection laws by marketing hotel rooms at prices that were not available to the public as advertised. Paxton’s lawsuit against the company alleged …
Michigan AG Provides Tips to Avoid Storm-Related Scams
Michigan Attorney General Dana Nessel sent a reminder to residents to watch out for post-storm scams after a winter storm brought frigid air and more than two feet of snow to much of the state. To avoid falling victim to …
Ohio Wendy’s Sued for Disability and Age Discrimination
Wendy’s International, LLC violated federal law when it discriminated against a district manager because of disability and age, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit announced. According to the lawsuit, Wendy’s International, LLC, which owns and …
Last of 7 Kentucky Crop Insurance Fraudsters Sentenced to Prison Time
A wide net cast by the U.S. Department of Agriculture and the FBI has landed its final catch—prison time for the last of six Kentucky farmers and a warehouse manager found guilty of a long-running tobacco crop-insurance fraud scheme. Larry …