INSURANCE NEWS
Ohio Man Sentenced in Multi-State Car Theft Ring
The lead defendant in a $1.5 million chop shop conspiracy was sentenced in U.S. District Court last week to 84 months in prison, the U.S. Attorney’s Office, Southern District of Ohio announced. Kahrese Tracey Scott Lee, 28, of Cincinnati, pleaded …
Trump Orders ‘Blockade’ of Sanctioned Oil Tankers Leaving, Entering Venezuela
U.S. President Donald Trump ordered on Tuesday a “blockade” of all sanctioned oil tankers entering and leaving Venezuela, in Washington’s latest move to increase pressure on Nicolas Maduro’s government, targeting its main source of income. It is unclear how Trump …
Ohio Bakery Faces $394K in Fines for Unsafe Working Conditions
The U.S. Department of Labor has cited an Ohio commercial bakery after a federal investigation determined the employer had allegedly exposed workers to unsafe working conditions including chemical, caught-between and caught-in, pinch-point, and struck-by hazards. In addition to these serious …
Water Shortages in South Texas Drive Downgrade of Corpus Christi
A drought in South Texas caused Moody’s Ratings to downgrade the city of Corpus Christi, which projects demand for water will outpace supply by the spring of 2027. The ratings company lowered the city of roughly 320,000 people to A1 …
EU to Abandon Combustion Engine Ban in Win for Carmakers
The European Union is set to propose softening emissions rules for new cars, scrapping an effective ban on combustion engines following months of pressure from the automotive industry. The proposal will allow carmakers to slow the rollout of electric vehicles …
Spain Swine Fever Outbreak Grows With 10 New Wild Boar Deaths
Spain reported 10 new cases of wild boar deaths from African swine fever, expanding an outbreak that has put the major pork exporter into high alert. The dead animals, which bring the total count to 26 since the outbreak emerged …
Hacking Group ‘ShinyHunters’ Claims Theft of Data From Users of Pornhub
The hacking group “ShinyHunters” said on Tuesday it has stolen data belonging to premium customers of the leading sex website Pornhub and is threatening to publish it. Although Reuters could not immediately establish the scope, scale, or details of the …
Hyundai, Kia Agree to Retrofit 7 Million Vehicles to Address Theft Concerns
Korean automakers Hyundai and Kia agreed to retrofit 7 million U.S. vehicles to address theft concerns and install prevention equipment on all new vehicles to resolve an investigation by a bipartisan coalition of 35 attorneys general. The state attorneys general …
Massachusetts Reports First Case of Silicosis in Stone Countertop Worker
Massachusetts public health officials have reported the first confirmed case of silicosis in the stone countertop fabrication industry in the state. The first confirmed case was recently diagnosed in a Hispanic man in his 40s who, for the past 14 …
Confie Acquires Texas’ TSG Insurance Agency
Confie announced the acquisition of TGS Insurance Agency, Inc., a Houston, Texas-based standard personal lines insurance agency. The acquisition advances Confie’s strategy to scale InsureOne into a leading national platform serving standard personal lines and small commercial customers. Founded in …
Denver, Rockies Face Power Shutoffs as Winds Boost Fire Risk
Xcel Energy is preparing customers in the Rocky Mountain region for preemptive blackouts to help reduce the risk of wildfires as strong, dry winds threaten to knock down power lines. The utility said it would likely shut off power starting …
World Insurance Associates Acquires SilverLeaf Insurance in Arizona
World Insurance Associates LLC acquired the business of SilverLeaf Insurance Group in Scottsdale, Arizona. SilverLeaf was established in 2009. It offers business, health, life and personal insurance lines to clients in multiple states across the nation. World Insurance Associates is …