INSURANCE NEWS
Man Torches Tesla Chargers in South Carolina But Catches His Clothes on Fire
NORTH CHARLESTON, S.C. (AP) — A man burned three Tesla chargers in a South Carolina parking lot and also apparently inadvertently set his clothes on fire, police said. The man spray-painted “long live the Ukraine” and a crude reference to …
Heritage Insurance Profits Down for Q4 But Up 36% for 2024
TAMPA, Fla. (AP) — Heritage Insurance Holdings Inc. (HRTG) on Tuesday reported net income of $20.3 million in its fourth quarter, a 34% drop from Q4 in 2023. The Tampa-based company said it had net income of 66 cents per …
Massive Fukushima Plant Cleanup Involves High Radiation and Stress
The Fukushima Daiichi nuclear power plant’s radiation levels have significantly dropped since the cataclysmic meltdown in Japan 14 years ago. Workers walk around in many areas wearing only surgical masks and regular clothes. It’s a different story for those who …
Australia Regulator Sues FIIG Securities for Cybersecurity Failures
The Australian securities watchdog said on Thursday it is taking fixed-income broker FIIG to court, alleging it failed to implement adequate cybersecurity measures over a four-year period, which enabled a hacker to infiltrate its IT network. The Australian Securities and …
Trump Mounts Sweeping Attack on Pollution and Climate Rules
The Trump administration is launching a sweeping overhaul of US environmental mandates in a campaign it billed as the “biggest deregulatory action” of its kind in US history. The Environmental Protection Agency said Wednesday it will formally reconsider more than …
Trump Nominates Sean Plankey to Head Cyber Agency CISA
President Donald Trump has nominated Sean Plankey to serve as the chief of the Cybersecurity and Infrastructure Security Agency, according to a notice on Congress’ website. Plankey, a former Coast Guard officer who served as director for cyber policy in …
New DOJ Antitrust Chief Builds Team From Prior Administrations
Gail Slater, the new head of antitrust enforcement at the US Justice Department, plans to hire veterans of previous administrations under Barack Obama and Donald Trump to help her oversee cases and investigations in tech, healthcare, finance and other sectors, …
Generali Posts Record Profit Ahead of Shareholder Vote on CEO Reappointment
Italy’s biggest insurer Generali met forecasts on Thursday with a record 2024 profit, ahead of a key shareholder vote next month on the reappointment of CEO Philippe Donnet. The company, historically a bulwark of Italy’s financial system, is once again …
How Faulty Parts at Boeing’s 787 Jets Flew Below the Radar in Italy
On a Saturday morning in May, 2020, Italian police officers caught two men pouring chemical waste into the sewers in the southern port city of Brindisi, near a small plane components factory. Five years on, that routine pollution case has …
Captain of Container Ship That Crashed Near UK Was Russian
The captain of the Solong container ship that crashed near the UK is a Russian national, the ship’s owner said. The rest of the crew are a mix of Russian and Filipino, shipping company Ernst Russ AG said in a …
UK Corporate Distress at Level Last Seen Post-COVID, Report Says
Distress among UK companies has risen for a third consecutive year, to its highest level since the onset of the COVID-19 pandemic, according to a report by consulting firm Alvarez & Marsal. A&M found that 11.2% of UK firms suffered …
Atlas Insurance Brings Benefits Business Under One Roof
Atlas Insurance Agency, based in Sarasota, Florida, announced it has acquired its sister company, Atlas Employee Benefits. The firms will now operate under a single brand name. “While Atlas Insurance and Atlas Employee Benefits have operated separately in the past, …