INSURANCE NEWS
Nebraska School to Pay $1M After Boy Who Ate Teacher’s Snack Died
PAPILLION, Neb. (AP) – A Nebraska school district has agreed to pay $1 million to the family of an eighth grader who died after eating a granola bar given to him by a teacher. The Papillion La Vista school board …
Crews Clean Up After UP Train Derails in Kansas
MCPHERSON, Kan. (AP) – Crews continued to clean up after a train derailment a day earlier in McPherson that spilled denatured alcohol and caused a grass fire. Officials said 13 cars of the Union Pacific train came off the tracks …
Honda Recalling 500,000 Vehicles to Fix Seat Belt Problem
Honda is recalling a half-million vehicles in the U.S. and Canada because the front seat belts may not latch properly. The recall covers some of the the automaker’s top-selling models including the 2017 through 2020 CR-V, the 2018 and 2019 …
Mexico Launches Appeal in Suit Against U.S. Gun Makers
Mexico has filed an appeal in a civil lawsuit against U.S.-based gun manufacturers, it said on Wednesday, looking to crack down on the trafficking of weapons to powerful drug cartels. A U.S. judge in September dismissed the $10 billion lawsuit …
Carolina Town to Phase Out Golf Carts on Streets; Florida Lawmakers Want Age Limit
A beach town in North Carolina is cracking down on golf carts on city streets, after the number of carts, unlicensed drivers and accidents has grown in recent years. The Port City Daily newspaper reported that the town council of …
Dutch Court Finds Facebook Misused Data in Class Action Lawsuit
A Dutch court hearing a class action lawsuit on Wednesday found that a European subsidiary of Meta, Facebook Ireland, improperly used personal data of Dutch citizens between 2010 and 2020, saying the company had “violated the law.” “Personal information was …
Credit Suisse’s String of Crises: Spies, Money Laundering, Central Bank Cash
Credit Suisse is to borrow up to $54 billion from the Swiss central bank to bolster liquidity and reassure investors after its shares slumped on fears of contagion from a banking crisis in the United States. The central bank lifeline …
Georgia Firefighter Charged with Arson of His Own Home After Filing $700,000 Claim
One year after Georgia volunteer firefighter Todd Anthony said a kitchen fire burned down his house and he filed a $700,000 insurance claim, authorities have charged the man with arson. Anthony, 56, of Greensboro, was arrested and charged with insurance …
Miner BHP Potentially Faces $44B Lawsuit in London Over Brazil Dam Collapse
Mining group BHP Group is potentially facing a 36 billion pound ($44 billion) lawsuit in London over Brazil’s worst environmental disaster after the number of claimants more than tripled to 700,000, their lawyers said on Wednesday. BHP was initially sued …
Australia’s Latitude Group and IPH Hit by Cyber Attacks, Continuing Wave of Hacks
Digital payments firm Latitude Group Holdings and intellectual property services provider IPH Ltd. reported data breaches on Thursday, joining a host of other Australian firms targeted by hackers in recent months. Some of Australia’s largest companies have reported data breaches …
Credit Suisse Secures $54 Billion Lifeline to Shore Up Liquidity, Investor Confidence
Credit Suisse shares soared by over 35% in premarket trading on Thursday, while the value of its bonds soared after the company secured a $54 billion lifeline from the Swiss National Bank to shore up liquidity and investor confidence. JPMorgan …
Survey: Insurance Often a Blind Spot for Small Businesses
Findings from a recent NEXT Insurance survey highlight a significant gap between small business owners’ biggest stressors in 2023 and what they’re prepared for when it comes to their insurance knowledge and coverage. The data’s overarching takeaway: Insurance is often …