INSURANCE NEWS
Court Reduces Verdict for Michigan Gardener Whose Organic Lawn Was Destroyed
A Michigan court struck down a large chunk of an $88,550 verdict for a Detroit-area organic gardener whose beloved clover lawn was destroyed by a man spraying herbicide — at the wrong address. Marilyn Mack reported depression, anxiety and random …
Engineering Company to Pay $53M to Settle Flint, Michigan Water Lawsuits
An engineering company said Friday it has agreed to pay $53 million to settle all remaining lawsuits that alleged some blame for lead-contaminated water in Flint, Michigan, a decade ago. The deal by Veolia North America and Flint residents comes …
Google to Be Hit With EU Charges of Breaching Big Tech Rules, Sources Say
Alphabet unit Google is set to be charged with breaching EU rules aimed at checking the power of Big Tech after proposed changes to its search results failed to address the EU antitrust regulator’s concerns and those of its rivals, …
Europe Braces for Freeze of US Foreign Corruption Practices Act
In recent years, Glencore Plc, Airbus SE and Credit Suisse have collectively paid more than $5.5 billion in fines for their roles in sprawling corruption cases. While law enforcement in France and the UK took the lead, the involvement of …
NHTSA Laid Off 4% of Staff, Spokesperson Says
The National Highway Traffic Safety Administration laid off 4% of its staff as part of a government-wide trimming of probationary employees, a spokesperson said Monday. The agency has pending investigations into Tesla TSLA.O, which is headed by Elon Musk, the …
California Governor Asks Congress for $40B for LA Wildfire Relief
California Gov. Gavin Newsom has asked Congress to approve nearly $40 billion in aid to help the Los Angeles area recover from January’s devastating wildfires, which he said could become the costliest natural disaster in U.S. history. Newsom sent a …
SEC Closes Investigation Into Robinhood’s Crypto Arm Without Action
Robinhood said on Monday the U.S. Securities and Exchange Commission had closed its probe into the firm’s crypto trading arm with no action, signaling further regulatory changes in the crypto industry since President Donald Trump took office. The retail trading …
Mangione Draws Crowd at First Court Hearing Since Arraignment
NEW YORK (AP) — The defendant wore a bulletproof vest and shackles. A woman in the crowd wore a “Free Luigi” scarf. Outside, throngs of people cheered and chanted his name. So it went Friday at a court hearing for …
Maryland Report Says Many Workers Misclassified, Costing $59M in Comp Premiums
Worker misclassification in Maryland is widespread, leaving thousands of workers without injury protection and depriving insurance companies of more than $58 million in workers’ compensation premiums each year, according to a new report from a state task force. Maryland’s Joint …
Florida AG Sues Target, Claiming DEI Initiatives Misled Investors
TALLAHASSEE, Fla. (AP) — Florida’s new attorney general filed a federal court lawsuit against Target on Thursday, claiming the discount store chain “misled investors” by promoting diversity, equity and inclusion initiatives that prompted a backlash and hurt sales, ultimately costing …
Georgia Tort Bill Advances After Kemp Makes Concession on Medical Costs
ATLANTA (AP) — Georgia senators voted 33-21 on Friday to support Gov. Brian Kemp’s top-priority legislation to limit lawsuits, but not before some of Kemp’s fellow Republicans extracted a concession in exchange for the votes necessary to secure a majority. …
Snowy Roads Lead to Hundreds of Crashes in Virginia, North Carolina
NORFOLK, Va. (AP) — Roads in Virginia and North Carolina remained treacherous Thursday as unusually heavy snow led to hundreds of accidents, including crashes on an interstate that involved more than 50 vehicles. Meanwhile, a polar vortex sent temperatures plunging …