INSURANCE NEWS
Pipeline Operators to Pay $12.5M After Crude Oil Spills in Montana, North Dakota
The U.S. Environmental Protection Agency on Monday announced the settlement in a 2022 federal court lawsuit. Belle Fourche Pipeline Company and Bridger Pipeline LLC will pay the $12.5 million to resolve the claims made under the Clean Water Act and …
Ohio’s Largest Rivers Show Great Improvement Since 1980s, Officials Say
COLUMBUS, Ohio (AP) – Ohio officials say a first-ever comprehensive study of the state`s largest rivers indicates great improvement in water quality over the past few decades. Gov. Mike DeWine and state environmental protection officials said Tuesday that the study …
Norfolk Southern Changes Policy on Overheated Bearings After Ohio Derailment
OMAHA, Neb. (AP) – A minor coal train derailment in Virginia in early July prompted Norfolk Southern to rethink the way it responds to problems with overheating bearings, but it`s not clear why the railroad didn`t make similar changes months …
Hyundai, Kia Recall 91,000 Vehicles Over Fire Risks, Urge Owners to Park Outside
Hyundai Motor and Kia said Thursday they are recalling more than 91,000 newer vehicles in the United States because of fire risks and urged owners to park outside and away from structures pending repairs. The recall covers Hyundai 2023-2024 Palisade, …
GM Recalls Nearly 900 Vehicles With Takata Air Bag Inflators
General Motors is recalling nearly 900 vehicles in the U.S. and Canada with Takata air bag inflators that could explode and hurl shrapnel in a crash. The recall covers certain Chevrolet Camaro, Sonic and Volt vehicles as well as the …
State Takeover of Nashville Airport Board Remains as Lawsuit Proceeds
A three-judge panel won`t stop Tennessee officials from taking over Nashville`s airport operations while a lawsuit challenging the recently enacted statute allowing the change moves forward. In a decision handed down Monday, the judges criticized Nashville city leaders for “inexplicably” …
AP Review Reveals Problematic Dams in US, But Some States’ Data Not Released
A more than two-year investigation by The Associated Press identified scores of problematic dams nationwide, but New Jersey is excluded from the analysis because the state did not fully respond to the records requests. The investigation identified at least 1,680 …
Root Inc. Narrows Q2 Net Loss to $37M, Remains Committed to Pricing Model
Insurtech Root Inc. posted a another net loss for the second quarter 2023 of about $37 million. The loss was a 62% improvement from the net loss of about $96 million during the same period in 2022. Over the first …
Verisk Beats Wall Street Expectations on Q2 Earnings Report
Verisk Analytics Inc. (VRSK) on Wednesday reported second-quarter earnings of $196.9 million. The Jersey City, New Jersey-based company said it had profit of $1.35 per share. Earnings, adjusted for one-time gains and costs, were $1.51 per share. The results beat …
A WV Teacher Was Caught on Video Abusing Students. Her District is Settling for $11M
A school district in West Virginia has reached settlements totaling over $11 million in lawsuits involving a teacher who abused special education students in her classroom, according to a media report. Seven lawsuits against Nancy Boggs and the Kanawha County …
Thermo Fisher Settles with Family for Taking Woman’s Cells 70 Years Ago
BALTIMORE (AP) — More than 70 years after doctors at Johns Hopkins Hospital took Henrietta Lacks’ cervical cells without her knowledge, a lawyer for her descendants said they have reached a settlement with a biotechnology company that they accused of …
Skanska Must Face the Music: Maritime Law Does Not Protect it from Fla. Storm Claims
A construction company whose barges came loose from their moorings during Hurricane Sally and damaged the Pensacola Bay Bridge will have to cope with some 900 claims by businesses and other parties that say they suffered economic damages while the …