INSURANCE NEWS
Indiana Teen’s Parents Sue City Over Fatal Crash Involving Police Chase
The parents of a northern Indiana teenager who died along with her boyfriend when a vehicle being chased by police crashed into their car in 2020 is suing the city of Mishawaka. The lawsuit filed by Elizabeth Johnson-Neher’s parents alleges …
Wheat Farmers May Scale Back Planting As Drought Persists, Insurance Deadline Nears
With planting roughly halfway complete, the 2023 U.S. hard red winter wheat crop is already being hobbled by drought in the heart of the southern Plains, wheat experts said. Planting plans may be scaled back in the U.S. breadbasket despite …
Amid Rising Seas and Flooding, Atlantic City Has No Plans for Retreat
Some cities around the world are pulling back from shorelines, as rising seas from climate change increase flooding. But so far, retreat appears out of the question for Atlantic City, New Jersey. The breezy getaway town is on the water …
District Sues Chemical Manufacturer Over Anacostia River Pesticide Pollution
The District of Columbia filed a lawsuit in D.C. Superior Court Thursday against chemical manufacturer Velsicol Chemical, LLC, claiming it violated city environmental laws by polluting a major waterway, the Anacostia River and the surrounding area for decades. A complaint …
Berkshire Hathaway and Alleghany Corp. Receive Regulatory Approvals for Merger
Warren Buffett’s Berkshire Hathaway Inc. and Alleghany Corp. announced that all regulatory approvals relating to the proposed $11.6 billion acquisition of Alleghany by Berkshire Hathaway have been received. The deal was first announced in March 2022. At a special meeting …
Norway Police Arrest 2nd Russian for Flying Drones, Amid Heightened Security
Norwegian police took into custody a 51-year-old Russian man on Friday after he was observed taking photos near Tromso airport, the second such occurrence in a week. The police took possession of a drone, a large amount of camera equipment …
Credit Suisse Pays $495M to Settle Legacy Case in U.S.
Credit Suisse has agreed to pay $495 million to settle a case brought against it in the United States, the latest pay-out related to past blunders that have battered the Swiss bank’s reputation. Credit Suisse said it would make the …
Climate Activists Appear in UK Court After Throwing Soup on Van Gogh Painting
Three climate activists appeared in a London court on Saturday on charges of criminal damage after protests including throwing soup over Vincent van Gogh’s “Sunflowers” painting in the National Gallery. Two women, age 20 and 21, were charged in relation …
Series of Tesla Fires in Florida Linked to Saltwater Damage From Hurricane Ian
A Florida senator is calling for action from the Transportation Department and automakers after a series of electric vehicle fires tied to Hurricane Ian. The storm caused flooding and destruction across the state, and fire officials say they are still …
AXIS to Stop Insuring Energy, Mining Without Backing of Indigenous Community
Reinsurer AXIS Capital said it would refuse to underwrite energy, mining and other projects that did not have the backing of local indigenous communities, in a move welcomed by campaigners as setting a new industry standard. The decision follows years …
5 Years On, Key #MeToo Voices Take Stock of the Movement
Once again, disgraced mogul Harvey Weinstein sits in a courtroom, on trial in Los Angeles while the reckoning the accusations against him launched marks a significant milestone this month: It’s been five years since a brief hashtag – #MeToo – …
Hacker Gets $50 Million in Heist of DeFi’s Mango
The community of decentralized-finance application Mango DAO on Saturday got back a portion of about $100 million stolen this week after letting the hacker keep about $50 million of the funds. The settlement wraps up several days of tense negotiations …