INSURANCE NEWS
Overturned School Bus Crash in Ohio Results in One Fatality and Multiple Injuries
LAWRENCEVILLE, Ohio (AP) – A school bus full of children overturned after a crash with a minivan in Ohio, killing one child and injuring 23 others, one seriously, authorities said. Trooper Tyler Ross of the Ohio State Highway Patrol said …
Michigan Fruit Grower Who Opposes Same-Sex Marriage Wins Ruling Over Access to Public Market
EAST LANSING, Mich. (AP) – The rights of a Michigan fruit grower were violated when a city barred him from a seasonal market because of his opposition to same- sex weddings at his orchard, a judge said. East Lansing`s decision …
Shot-at FedEx Driver, Now on Workers’ Comp, Has Been Fired, Attorney Says
A Black FedEx delivery driver who says two white men shot at and chased him in Mississippi in 2022 has now been fired from his job, he and his attorney said Monday. “I honestly feel disrespected,” the former driver, D’Monterrio …
Explosion Demolishes Carolina Home of NFL Player, Killing His Father
A North Carolina mansion owned by NFL player Caleb Farley exploded Monday night, killing his father and injuring another person. Authorities said the home in Mooresville, near Charlotte, was completely demolished by the blast, which may have resulted from a …
Maui Fire Victims Pursue Legal Tactic That Led to $13.5B California Settlement
Hawaii property owners are seizing on a legal shortcut used by fire victims in California to secure compensation from Hawaiian Electric Industries Inc. for damages following the fires that ravaged Maui. The strategy, which doesn’t require proving negligence, helped push …
IBM Sells Weather Business to Private Equity Firm Francisco Partners
International Business Machines (IBM) has agreed to sell its weather business to private equity firm Francisco Partners for an undisclosed sum, the technology services giant said on Tuesday. The sale includes The Weather Company’s consumer-focused assets such as Weather.com and …
QBE North America CEO Leaving; Wood Named Interim
QBE Insurance Group announced that Todd Jones, CEO of QBE North America, is leaving the organization at the end of this month. After nearly four years with QBE, Jones “has decided that now is the right time to leave QBE,” …
Tile, Amazon Face Lawsuit From Stalking Victims Over Tracking Device Product
A tracking device called Tile may be effective in preventing its user from losing keys, a dog, or a purse, but it is also a tool used by stalkers, according to two women who have filed a proposed class-action lawsuit …
AXA’s Asset Management Unit to Cut as Many as 90 Roles in Revamp
AXA Investment Managers is eliminating as many as 90 roles as the French firm aims to streamline part of the organization. The layoffs at AXA SA’s asset management arm, which had 2,600 employees at the end of 2022, will be …
Orion180, Headquartered in Florida, Now Approved to Do Business in the State
Another insurance firm is expanding into Florida, the state in which it has had its headquarters for several years. Orion180, founded in 2016, with corporate offices in Melbourne, Florida, has been approved by state regulators as a property and casualty …
China Fines US Firm Mintz $1.5M for ‘Unapproved’ Work, After Raiding its Beijing Office
China fined U.S. firm Mintz Group about $1.5 million for doing “unapproved statistical work,” said a Beijing Municipal Bureau of Statistics notice, after a raid of its Beijing office sparked worries about China’s openness to foreign investment. The Beijing’s Bureau …
Cryptoassets Increase Financial Risks in Developing Economies, Study Says
Cryptoassets, peddled as the future of finance, have not only failed to deliver on their promise but are themselves adding to financial risks in developing economies, according to a paper from the Bank for International Settlements. “Cryptoassets hold out the …