INSURANCE NEWS
Target Becomes Latest Company to Backtrack on DEI Initiatives
Target is ending its diversity, equity and inclusion program this year, the retailer said on Friday, the latest U.S. corporation to step away from such policies in the face of severe scrutiny from conservative groups. Over the last year, several …
J&J Talc Deal Should Be Rejected in Bankruptcy, Holdouts Say
Holdout creditors who claim tainted baby powder gave them ovarian cancer urged a judge to reject Johnson & Johnson’s plan to force an end to all related cancer lawsuits. The proposed settlement — worth more than $8 billion — wrongly …
Southern California Edison Shares New Details on Transmission Lines in Eaton Amid Wildfire Probe
Southern California Edison, a unit of utility Edison International, said on Monday preliminary analysis of data showed a “momentary and expected increase in current” on its energized lines in the Eaton Canyon corridor on Jan. 7 evening. Fire officials have …
Ex-Yankee Mariano Rivera and Wife Deny Knowing of Church Abuse
New York Yankees legend Mariano Rivera and his wife are accused in a lawsuit of failing to protect a young girl who was sexually abused by an older child during a summer camp trip sponsored by their church. In a …
New Mexico P.I. First to Admit Guilt in Bribe Scheme to Get Drunk Drivers off Hook
A private investigator embroiled in a corruption scandal that rocked New Mexico’s law enforcement community for over a decade was the first to plead guilty to a slew of federal charges that include racketeering and bribery, according to court records. …
W.R. Berkley Posts Record Year With Q4 Net Income Up 45%
Forth quarter 2024 net income at W.R. Berkley Corp. jumped 45% compared to a year ago to about $576 million. For the year, the Greenwich, Connecticut-based commercial insurer said it booked record income of about $1.8 billion compared to about …
NYC Scraps ‘Solvent’ Requirement in Revised Taxi Insurance Rules
New York City is walking back a proposed rule change that would have required taxi and rideshare drivers to be covered by a “solvent and responsible” insurance carrier, after Uber Technologies Inc. warned the mandate risked leaving thousands of drivers …
Texas Reports 564 Fatal Occupational Injuries in 2023, Down Slightly from Previous Year
The Texas Department of Insurance, Division of Workers’ Compensation this month released a report on fatal occupational injuries in Texas for the 2023 year, finding that fatal injuries were slightly down compared to the year prior. There were 564 fatal …
Kansas Cattle Farms Fined for Clean Water Act Violations
Cattle feedlot operators Wickstrum Farms Inc. and Wickstrum Cattle LLC of Pottawatomie County, Kansas, will pay a combined $70,000 in civil penalties to resolve alleged violations of the federal Clean Water Act. According to the U.S. Environmental Protection Agency (EPA), …
Data Centers and Large Users Strain Texas Power Grid
The rise of artificial intelligence, the digitization of the economy and everyday life’s growing computing needs have turbocharged the expansion of data centers, driving up a surge in electricity demand in Texas and across the country. Texas’ main grid operator …
Southern California Edison Asked by Investigators to Preserve Gear at LA’s Eaton Blaze
Fire investigators have asked Southern California Edison Co. to preserve its equipment near the site where the deadly Eaton fire began earlier this month. The Los Angeles County Fire Department, the lead agency investigating the blaze, asked the utility to …
Ohio Residents Push Back Against $850K Bond to Appeal Derailment Settlement
Residents challenging Norfolk Southern’s $600 million settlement for the disastrous East Palestinetrain crash have asked a court to reject a judge’s order requiring them to put up an $850,000 bond to continue their appeal for higher compensation and more information …