INSURANCE NEWS
New Salmonella Outbreak Tied to Same Florida Grower With Cucumbers Last Year
U.S. health officials are investigating a new outbreak of salmonella illnesses tied to a Florida grower whose tainted cucumbers were linked to more than 550 illnesses last year. Cucumbers grown by Florida-based Bedner Growers and distributed by Fresh Start Produce …
Global Forest Loss Tops Record as Wildfires Drive Destruction
Global loss of tropical and boreal forests surged to a record high last year as unprecedented temperatures fueled fires, releasing more than four times the emissions of all air travel in 2023. That’s according to the latest annual assessment by …
DoorDash Expands Driver Savings Pilot Program to Maryland
DoorDash said it is expanding its benefits savings program with a new pilot in Maryland for eligible drivers. Expenses covered under this program can include retirement savings, health, dental, and vision insurance, and paid time off. DoorDash said similar pilot …
Chevron Says One Missing After Fire at Angola Offshore Oil Platform With 17 Injured
Chevron’s Angolan business said on Wednesday that there was one person missing after an early morning fire at its Benguela Belize Lobito Tomboco (BBLT) offshore oil platform on Tuesday. Seventeen people were injured, four seriously, when the fire started around …
Amazon’s Zoox Expands Robotaxi Trials to Rival Turf in Atlanta
Amazon.com Inc.’s Zoox is expanding testing of its autonomous driving technology to Atlanta, moving in on a market where Alphabet Inc.’s Waymo is expanding with Uber Technologies Inc. Zoox has already deployed a small number of test vehicles in the …
Hacker of App Used by Trump Aide Stole Data From Across Government
A hacker who breached the communications service used by former Trump national security adviser Mike Waltz earlier this month intercepted messages from a broader swathe of American officials than has previously been reported, according to a Reuters review, potentially raising …
Judge Rejects Vanguard $40 Million Mutual Fund Settlement, Cites SEC Accord
A federal judge on Monday rejected Vanguard Group’s $40 million settlement with investors who claimed the mutual fund giant stuck them with inflated tax bills in its popular target-date funds. U.S. District Judge John Murphy in Philadelphia said the proposed …
FAA Cuts Newark Flights After Air Traffic Control Issues
US aviation safety regulators will allow fewer flights at Newark airport after technology outages and a staffing crunch fueled a surge in delays and cancellations in recent weeks. The US Federal Aviation Administration said it will permit a maximum of …
Boost Prices or Retreat? How Carriers Improved Homeowners Books in 2024
Direct written premiums in the U.S. homeowners insurance market rose more than 13 percent in 2024, and the net combined ratio for the line fell below breakeven for the first time in five years. Higher prices explained much of the …
Radio Calls for Help Sent 45 Seconds Before Mexican Ship Hit Brooklyn Bridge
The Mexican navy tall ship that struck the Brooklyn Bridge was underway for less than 5 minutes before its masts crashed into the historic span, and radio calls indicating it was in distress went out only 45 seconds before the …
Marks & Spencer Says Cyberattack to Cost £300 Million
Marks & Spencer Group Plc is facing a £300 million ($403 million) hit to operating profit this fiscal year from a cyberattack that’s still disrupting the company’s sales and operations. The British retailer will try to mitigate the impact with …
Thoma Bravo’s Nearmap to Buy Insurance Tech Firm Itel for Over $1.3B
Thoma Bravo-backed Nearmap has agreed to buy insurance technology provider itel from private equity firm GTCR, the companies said on Tuesday, as it looks to expand its offerings across property portfolios. The deal values itel at over $1.3 billion, including …