INSURANCE NEWS
Rite Aid Says It’s Close to Bankruptcy Settlement
Pharmacy chain Rite Aid has reached a settlement with its lenders, the U.S. Department of Justice, and drug supplier McKesson Corp., clearing a path for Rite Aid to complete its bankruptcy case by late April, a company lawyer said Tuesday. …
2 Crew Members Die During ‘Incident’ on Holland America Cruise Ship
FORT LAUDERDALE, Fla. (AP) — Two crew members on a Holland America cruise ship died during an “incident” in the ship’s engineering space, the cruise line said. The unidentified crew members died Friday while the Florida-based Nieuw Amsterdam was at …
Subaru to Recall More Than 118,000 Vehicles in US: NHTSA
Subaru of America is recalling 118,723 SUVs and sedans in the U.S. over an issue which prevents air bags from deploying in a crash, the National Highway Traffic Safety Administration (NHTSA) said on Wednesday. The recall covers certain Outback and …
FBI: Alaska Airlines Passengers Told They Might Be Crime Victims
The FBI has told passengers on the Alaska Airlines Boeing 737 Max that lost a door-plug panel in midflight that they might be victims of a crime. “I’m contacting you because we have identified you as a possible victim of …
Clorox Audit Revealed Cybersecurity Flaws at Its Plants in 2020
A few years before a 2023 cyberattack disrupted manufacturing at one of the largest US producers of disinfectants ahead of flu season, an audit warned of systemic cybersecurity flaws within the company’s production systems. Among the shortcomings highlighted by the …
Acrisure Creates New England Region With Plunkett as Managing Partner
Acrisure announced the formation of its New England region, encompassing its businesses in Connecticut, Massachusetts, Maine, New Hampshire, Rhode Island and Vermont. Acrisure’s New England presence includes 27 office locations, with nearly 400 employees serving more than 57,000 customers. The …
Fires From 2023, Smoldering Under Snow, Reveal Canada’s Dangerous New Reality
As skiers glide down the slopes of British Columbia’s Whistler Mountain and ice fishers drop their lines into frozen lakes in Alberta, dozens of the fires whose smoke darkened North America’s skies last year are still burning — with some …
UK Stands to Lose 8 Million Jobs From AI, Analysis Warns
As many as 8 million UK workers are at risk of losing their jobs to artificial intelligence with current government policy, the Institute for Public Policy Research warned. AI already impacts 11% of tasks done by UK staff, a figure …
Titanic Law Helps Ship Owner Limit Bridge Collapse Liability
The owner of the ship that rammed into a Baltimore bridge could face hundreds of millions of dollars in damage claims after the accident sent vehicles plunging into the water and threw the eastern US transportation network into chaos. But …
SEC Ramps Up Massive-Hack Probe With Focus on Tech, Telecom Companies
The US Securities and Exchange Commission is asking tech and telecom companies how they handled the sprawling 2020 SolarWinds cyberattack, and drawing fire from the cybersecurity industry and big business for what they call overreach. The SEC, which sought the …
Is IRS Abusing its Authority in Micro-Captives Investigations?
Editor’s note: Captive insurance programs have blossomed in a number of Southern states in recent years, including Tennessee and North Carolina. But new questions have been raised about whether some micro-captives are used as tax shelters, and about the IRS …
NC High Court Strikes Down Compensability of Weight-Loss Surgery, Adopts Strict Test
The North Carolina Supreme Court has undone rulings by an appeals court and the state’s Industrial Commission that had granted workers’ compensation insurance payments for a woman’s weight-loss surgery. And in doing that, the high court formally adopted a multi-factor …