INSURANCE NEWS
Gun-Owning New Hampshire Teen Sues School Officials Who Searched His Truck
A New Hampshire teenager sued his former high school principal and others Thursday, alleging they illegally searched his truck based solely on his status as a gun owner. Jack Harrington, 18, graduated from Hillsboro-Deering High School in June, about two …
Widespread AWS Outage Hits Financial and Consumer Sites
Amazon Web Services, the world’s largest cloud provider, suffered a widespread disruption on Monday morning that degraded services for several companies, including artificial intelligence company Perplexity and the Coinbase and Robinhood financial platforms. AWS found a problem with a regional …
Storm Fengshen Kills Eight in Philippines as It Heads for China
Tropical storm Fengshen has killed eight people in the Philippines, authorities said, warning it could intensify as it heads for China and Vietnam. Known locally as Ramil, the storm caused torrential rains, floods and landslides in central Philippines during the …
EU Seeks Maritime Declaration to Inspect Russia’s ‘Shadow Fleet’
The European Union’s diplomatic arm, the EEAS, is urging member states to back a maritime declaration that would allow EU nations working with flag states to arrange inspections on Russia’s “shadow fleet” of oil tankers, an EEAS document shows. Beefing …
France’s Louvre Museum Closes After Jewels Stolen in Robbery
The world-renowned Louvre museum in Paris was shut on Sunday after several pieces of jewelry were stolen in a robbery. France’s Culture Minister Rachida Dati reported the incident on her social media account, without providing further details on what had …
G20 Risk Watchdog Warns of ‘Significant Gaps’ in Global Crypto Rules
There are “significant gaps” in countries’ attempts to regulate fast-growing crypto markets, which could potentially harm financial stability, the G20’s risk watchdog warned on Thursday [Oct. 16]. The Financial Stability Board (FSB), a body founded in the aftermath of the …
Hackers Had Been Lurking in Cyber Firm F5 Systems Since 2023
The state-backed hackers who breached cybersecurity company F5 Inc. broke in beginning in late 2023 and lurked in the company’s systems until being discovered in August of this year, according to people who were briefed by F5 about the incident. …
Charges Dropped Against Owner of Dog Found Left Behind in Hurricane Milton
Criminal charges have been dropped against a Florida man who authorities said abandoned his tied-up dog in floodwaters near a highway as residents evacuated Florida’s Gulf Coast last year shortly before Hurricane Milton made landfall. The case led to legislation …
Florida, Alabama Hold Hearings on NCCI Workers’ Comp Rate Decreases
The National Council on Compensation Insurance is again recommending a reduction in workers’ compensation rates in Florida and Alabama, and regulators in both states have scheduled public hearings about the proposed changes. In Alabama, the NCCI recently called for a …
Debt Collector Adds Subrogation Recovery for Insurers in Florida and Other States
A debt collection agency announced it has launched a subrogration recovery service for insurance companies in Florida and other states. Southwest Recovery Services, a 21-year-old company with offices in Texas, Florida, Georgia and other areas, said the new program is …
Proxy Adviser ISS Urges Vote Against Musk’s $1 Trillion Package
Tesla’s proposed $1 trillion pay package for CEO Elon Musk came under fresh scrutiny on Friday, with proxy adviser ISS urging shareholders to reject what might be the largest-ever compensation plan awarded to a company chief. This is the second …
LPG-Laden Tanker on Fire off Yemen, EU’s Naval Force Says
The LPG-laden tanker MV Falcon was on fire and adrift on Saturday off the coast of Yemen, after it reported an explosion that forced members of its crew to abandon the vessel, the European Union’s naval force Aspides said in …