INSURANCE NEWS

Brazil Says Workers at China’s BYD Site Are Victims of Human Trafficking

Chinese workers at a construction site in Brazil for a factory owned by China’s electric vehicle producer BYD are victims of human trafficking, Brazilian labor authorities said on Thursday in a growing controversy in BYD’s biggest overseas market. BYD and …
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Finland Finds Anchor Drag Marks Left by Tanker That Broke Cables

Finnish authorities investigating damage to subsea power and data cables found drag marks on the seabed likely left by the anchor of seized tanker Eagle S. Working under water, “we have been able to identify the dragging track at the …
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A 9th Telecom Firm Hit by Massive Chinese Espionage Campaign, Says White House

A ninth U.S. telecoms firm has been confirmed to have been hacked as part of a sprawling Chinese espionage campaign that gave officials in Beijing access to private texts and phone conversations of an unknown number of Americans, a top …
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Two Florida Tourist Sites Halt Drone Shows After Boy Was Hit at Orlando Event

ORLANDO, Fla. (AP) — A theme park resort and a huge hotel in central Florida either have stopped using drones or canceled their drone-based shows after several drones collided and fell from the sky during a separate holiday celebration in …
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Helene’s Flooding: The Human Toll on One Family in Tennessee

ERWIN, Tenn. (AP) — Jerry and Sibrina Barrett never spent a day apart over 35 years. They worked long hours, never took vacations, and liked to relax with their son at home. They had no idea that a hurricane could …
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Florida Condo Owners Face Deadline and Higher Costs with New Regulations

MIAMI (AP) — Florida condominium owners are looking at higher costs from condo associations in the new year, a consequence of a safety law passed by state lawmakers in 2022. It requires associations to have sufficient reserves to cover major …
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OSHA Cites Contractor It Says Ignored Warnings Before Fatal Trench Collapse

A federal workplace safety investigation has found a Glenburn, Maine general contractor ignored an onsite expert’s repeated warnings and the company’s own site-specific safety plan prior to an incident in which an employee suffered fatal crushing injuries when an unbraced …
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US Treasury Says It Was Breached by Chinese-Backed Hacker

The US Treasury Department was hacked by a Chinese state-sponsored actor through a third-party software service provider, according to a letter the agency sent to Congress on Monday. Treasury described the intrusion as a “major cybersecurity incident,” since it was …
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California Commissioner Issues Regulation to Allow Reinsurance in Ratemaking

California Insurance Commissioner Ricardo Lara on Monday announced what he is calling the final step in his efforts to help the state’s ailing homeowners insurance market with the Net Cost of Reinsurance in Ratemaking Regulation, which enables reinsurance as a …
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Maryland Sues Gore-Tex Maker Over ‘Forever Chemicals’ Pollution

Maryland is suing the company that produces the waterproof material Gore-Tex often used for raincoats and other outdoor gear, alleging its leaders kept using “forever chemicals” long after learning about serious health risks associated with them. The complaint, which was …
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New York State Government to Monitor Its AI Use

New York state government agencies will have to conduct reviews and publish reports that detail how they’re using artificial intelligence software, under a new law signed by Gov. Kathy Hochul. Hochul, a Democrat, signed the bill last week after it …
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Bird Flu Likely Mutated Within a Louisiana Patient: CDC

A genetic analysis suggests the bird flu virus mutated inside a Louisiana patient who contracted the nation’s first severe case of the illness, the U.S. Centers for Disease Control and Prevention said last week. Scientists believe the mutations may allow …
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