INSURANCE NEWS
OSHA Investigates Chemical Solvent Leak at GM-LG Battery Plant in Ohio
The U.S. workplace safety regulator said on Wednesday it was investigating a recent chemical solvent leak at an Ohio battery plant jointly owned by General Motors GM.N and South Korea’s LG Energy Solution 373220.KS. The joint venture, Ultium Cells LLC, …
South Florida Contractor Charged with Underreporting Payroll by $5.9 Million
Florida authorities this week charged a south Florida contractor with underreporting his payroll by almost $6 million, cheating his workers’ compensation insurer out of more than $350,000 in premiums. Miguel Porras, principal at Thiago’s Enterprise Construction, of Pembroke Pines, was …
Conservative Attacks on Diversity Efforts in Corporate America Keep Coming
Before the US Supreme Court did away with affirmative action in college admissions, corporate America was bracing itself for attacks on its diversity, equity and inclusion efforts. They have begun — and there will likely be more to come. This …
United Airlines in $30 Million Settlement With Quadriplegic Man’s Family
United Airlines has agreed to a $30 million settlement after a deplaning incident left a quadriplegic man in a vegetative state, court papers show. The settlement with the family of Nathaniel Foster Jr, known as N.J., was disclosed on Tuesday …
Federal Reserve Fines Alabama Bank $3M for Flood Insurance Monitoring Issues
The Federal Reserve Board has fined Regions Bank, based in Birmingham, Alabama, almost $3 million for failing to ensure that borrowers maintained flood insurance on their properties. The board did not detail the violations, but a consent order signed this …
Weather Extremes May Force More Farmers, Ranchers to Consider Costly Irrigation
The Texas ranch where Gilda Jackson trains and sells horses has been plagued by grasshoppers this year, a problem that only gets worse when the hatch quickens in times of heat and drought. Jackson watched this summer as the insects …
FEMA Has Paid Out $5.6M so far to Hawaii Wildfire Survivors
The Federal Emergency Management Agency said it has approved more than $5.6 million in assistance to nearly 2,000 households in Maui so far as the federal government tries to help survivors of the devastating wildfires. The White House and FEMA …
Judge Rejects Newsmax Bid to Narrow Smartmatic Lawsuit Over 2020 US Election
A Delaware judge on Wednesday rejected Newsmax Media’s bid to narrow the allegedly defamatory statements that the right-wing U.S. television network must defend in a lawsuit by voting machine company Smartmatic USA involving the 2020 presidential election. Smartmatic, whose U.S. …
China Allows Allianz to Launch Onshore Fund Management Company
China’s securities regulator on Thursday granted approval to Allianz Global Investors (Allianz GI) to set up an onshore fund management company as Beijing vowed to step up efforts to attract foreign companies amid sluggish economic growth. The asset manager, an …
People Moves: Dyer Appointed Chief Risk Officer for Aspen UK; Sompo Int’l Taps Walker From Allianz for Distribution Insurance, APAC; BMS Names Hewitt as Head of Japan
This edition of International People Moves detail appointments at Aspen Insurance Holdings, Sompo International, and BMS Group. A summary of these new hires follows here. Dyer Appointed Chief Risk Officer for Aspen UK Aspen Insurance Holdings Ltd. has appointed Andrew …
Big Tech Braces for Roll-out of EU’s Digital Services Act
More than a dozen of the world’s biggest tech companies face unprecedented legal scrutiny, as the European Union’s sweeping Digital Services Act (DSA) imposes new rules on content moderation, user privacy and transparency this month. Across the EU, a host …
Japan Begins Releasing Nuclear Wastewater in Process That Could Last 30 Years
Japan started the release of treated wastewater from the Fukushima nuclear site into the Pacific Ocean in a process that could last about 30 years, triggering an immediate retaliation by China to curb seafood imports. Tokyo Electric Power Co., which …