INSURANCE NEWS

Insurance Firm Definity Financial Readies C$1 Billion Debt Sale

Definity Financial Corp. plans to sell around C$1 billion ($723 million) of debt in two parts as it prepares to close the acquisition of Travelers Canada, according to people familiar with the matter. The senior notes will be sold in …
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Chinese Hackers Impersonated Republican Lawmaker, Panel Says

Suspected cyber attackers linked to the Chinese Communist Party impersonated the Republican chair of the House Select Committee on China in a series of attempts to steal sensitive data on trade negotiations, the panel said. Hackers masquerading as Representative John …
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Ford Recalls 1.9 Million Vehicles Over Faulty Rear-View Camera

Ford F.N is recalling 1.9 million vehicles worldwide due to faulty rear-view cameras, the latest in a series of callbacks over the issue, the automaker said Tuesday. The recall covers various 2015 through 2019 model year Lincoln MKC, Lincoln Navigator, …
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Florida Farm Manager Pleads in ‘Insurance Farming’ Scheme. Insurance Agent Next?

In a wide-ranging scheme that prosecutors are calling “insurance farming,” a former manager for one of the larger agricultural operations in Florida is now awaiting a sentencing hearing in December. Christopher Lee, 49, from the Naples area, on Aug. 26 …
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Alex Jones Takes $1 Billion Sandy Hook Judgment to Supreme Court

Right-wing conspiracy theorist Alex Jones is asking the US Supreme Court to review a Connecticut court’s nearly $1.4 billion judgment against him and Infowars stemming from his false claims that the Sandy Hook Elementary School massacre was a hoax. The …
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Employers Have Used E-Verify for Years. ICE’s Arrest of Maine Officer Raises New Questions

The case of a Maine police officer arrested by immigration authorities even though he was vetted by a government system called “E-Verify” has raised questions about what employers can do to make sure they’re employing people who can legally work. …
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EU Opens Talks on Carbon Credits to Win Deal on Key Climate Goal

European Union nations will discuss potential changes to the role of imported carbon credits in the next decade in a drive for a rapid deal on the bloc’s landmark 2040 climate goal. Denmark, which holds the EU’s rotating presidency, signaled …
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Mexico Seeks to Impose Tariffs on Auto, Manufacturing Imports

Mexico’s government will propose a bill to impose import tariffs on some sectors, including automotives and manufacturing, in a bid to address trade imbalances, a top official said on Tuesday. The move would also bring an additional 70 billion pesos …
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Santa Monica Weighs Fiscal Distress Vote Amid Sex Abuse Settlements

Santa Monica, California officials are voting on whether to adopt a resolution declaring fiscal distress, as mounting sexual abuse settlements have destabilized the city’s finances, echoing strains that have already pushed other local governments deeper into debt. A report prepared …
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Former California Insurance Commissioner Carries on Climate Change Crusade

When Dave Jones first started talking about climate change and what insurers should be doing about it some 15 years ago, the response could be thought of as something akin to a collective shrug. There wasn’t much to say. Insurance …
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NTSB: Steering Control System Failure Led to Collision in Houston Ship Channel

A steering control system component failure on a multi-purpose carrier resulted in a collision with a bulk carrier in the Houston Ship Channel in 2023, causing more than $1 million in damage, the National Transportation Safety Board said in an …
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Texas Governor to Issue Order Implementing Age Restrictions on THC Products

Gov. Greg Abbott will soon issue an executive order to regulate THC and set a minimum age of 21 to purchase those products in Texas, according to three people who spoke with the governor’s office. The Legislature’s second special session …
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