INSURANCE NEWS
California Fire Agency Employee Arrested on Suspicion of Starting 5 Blazes
A California Department of Forestry and Fire Protection employee was arrested on suspicion he started five brush fires in Northern California in recent weeks, officials said. Robert Hernandez, 38, was arrested at the Howard Forest Fire Station in Healdsburg, California, …
Thousands of Fires Are Burning in the Drought-Wracked Amazon
Much of Brazil is burning as tens of thousands of fires rage around the country, half of them in the Amazon rainforest. Exacerbated by a severe drought, the fires threaten one of the world’s most crucial ecosystems and are consuming …
Florida Braces for Potential Gulf Hurricane Strike This Week
The US Gulf Coast from Mississippi to the Florida Panhandle is at risk of a hurricane strike by the end of the week as a patch of turbulent weather in the Atlantic becomes more organized. Currently a swirl of thunderstorms …
Snowflake Hacker Still Active, Finding New Victims, Expert Says
A hacker responsible for a cybercrime campaign that impacted up to 165 companies this summer is still at large and recently broke into a “handful” of new organizations, according to a cybersecurity specialist at Alphabet Inc.’s Google. The attacker, who …
Environmental Activist ClientEarth Sues Germany Over Pesticides Use
Environmental activist charity ClientEarth launched a lawsuit against Germany on Friday to push Berlin to implement an EU law to limit pesticide use in farming, the group said on Friday. The group said in a statement Germany was not complying …
Methane Emissions Still Rising After Pledges to Curb Pollution
Methane releases from some of the world’s major fossil fuel hubs are continuing to rise, as key polluters make little progress on pledges to curb the potent greenhouse gas. Emissions of the gas across 13 large fossil fuel basins in …
A Mercedes-Benz Fire May Cloud South Korea’s EV Transition
A Mercedes-Benz electric vehicle that burst into flames in the South Korean city of Incheon has fueled public fear over the safety of battery-powered cars in recent months. The incident saw 23 people hospitalized for smoke inhalation and left more …
SEC Intends to Seek Sanctions Against Elon Musk in Twitter Probe
The U.S. Securities and Exchange Commission said on Friday it intends to seek sanctions against Elon Musk after he failed to appear for court-ordered testimony for the regulator’s probe into his $44 billion takeover of Twitter. In a filing in …
Google Judge Questions Company Testimony as Ad Defense Begins
A senior Google executive sought to refute the US Justice Department’s antitrust case over its display advertising technology business, testifying that it faces “fierce competition” from the likes of Microsoft Corp., Amazon.com Inc. and Meta Platforms Inc. But the federal …
J&J Unit Files for Bankruptcy to Advance $10 Billion Talc Settlement
A Johnson & Johnson subsidiary filed for bankruptcy for a third time on Friday as the healthcare giant seeks to advance an approximately $10 billion proposed settlement that would end tens of thousands of lawsuits alleging that the company’s baby …
Lloyd’s Syndicate Firm Launches Professional Liability Insurer, Based in Charlotte
Beat Capital Partners, a London-based incubator of underwriting franchises and subsidiary of Ambac Financial Group, said it has launched a professional liability insurance company, based in Charlotte. ProRise Insurance Services will stand up Oct. 1, with Doug Karpp, a former …
Hotter Summers Making High School Football a Fatal Game for Some Players
BRANDON, Mississippi (AP) — Soon after Ashanta Laster reached the hospital, she was ushered into the emergency room where she saw doctors performing CPR on her teenage son. Laster had gotten a call that 17-year-old Phillip Laster Jr., a lineman …