INSURANCE NEWS
Maryland AG Sues 3M, DuPont, Other Manufacturers Over ‘Forever Chemicals’
Maryland Attorney General Anthony G. Brown has filed two lawsuits seeking to hold multiple chemical manufacturers accountable for contamination of the state’s natural resources and harm to public health from their so-called “forever chemicals” that have been used in many …
$3.1M Settlement Reached in Fatal Shooting of Black Man in Washington
Officials in Tacoma, Washington, will pay $3.1 million to the family of a Black man who was fatally shot by police during a traffic stop in 2019. The City Council announced the settlement with the relatives of 24-year- old Bennie …
Supreme Court Turns Away Social Media Sex Trafficking Case
The US Supreme Court turned away an appeal from victims of child pornography who claimed Reddit Inc. knowingly facilitates and benefits from images of child sexual abuse. The justices without comment left in place a ruling that affirmed Reddit can’t …
California Overtime Law Threatens Use of Grazing Goats to Prevent Wildfires
Hundreds of goats munch on long blades of yellow grass on a hillside next to a sprawling townhouse complex. They were hired to clear vegetation that could fuel wildfires as temperatures rise this summer. These voracious herbivores are in high …
Suspected State-Backed Hackers Hit Series of New Targets in Europe, SE Asia
A hacking group suspected of ties to an Asian government has broadened its targets to government agencies in countries including Indonesia and Thailand, carrying out cyber-espionage as recently as April, cybersecurity firm Group-IB says. The perpetrators, dubbed Dark Pink by …
Former HealthSouth CEO Scrushy Denies Hiding Millions of Dollars
The man who once led HealthSouth, a huge provider of outpatient rehab services, including therapy for injured workers, has been ordered to turn over records related to a bank account that lawyers say he’s using to hide millions. In a …
Boeing 737 MAX Relatives May Pursue Pre-Impact Victim Compensation Claims
A U.S. judge ruled late on Tuesday that relatives of those killed in a 2019 Boeing 737 MAX Ethiopian Airlines crash may seek compensation for pain and suffering of passengers before the plane hit the ground. Boeing in 2021 agreed …
CFO of UK’s Prudential Resigns Amid Probe Into Conduct
Prudential Plc Chief Financial Officer James Turner resigned on Wednesday amid a probe into a code of conduct matter related to a recent recruitment situation, with the firm saying he didn’t meet its standards. The company named Ben Bulmer, currently …
Maine Governor Wants Changes to Paid Leave Program to Ease Effects on Businesses
Maine Gov. Janet Mills is pumping the brakes on a paid family and medical leave proposal promoted by her fellow Democrats, seeking compromises to reduce the burden on businesses in an effort to win broader support. Deputy Chief of Staff …
Catholic Church Settles Suit by Man Who Alleged Bishop Raped Him
A lawsuit brought by a former altar boy who said he was raped as a child in the 1960s by a now-deceased Roman Catholic bishop in Massachusetts has been settled, the sides announced Friday. The plaintiff identified in court papers …
Cyber Insurance: A Growth Market for Insurers with Some Caveats
As demand for cyber insurance continues to grow, insurers must remain vigilant in managing the changing risk associated with the line of coverage. According to today’s DBRS Morningstar’s commentary on the exploding line of coverage, while cyber insurance is a …
Top AI CEOs, Experts Raise ‘Risk of Extinction’ From AI
Top artificial intelligence (AI) executives including OpenAI CEO Sam Altman on Tuesday joined experts and professors in raising the “risk of extinction from AI,” which they urged policymakers to equate at par with risks posed by pandemics and nuclear war. …