INSURANCE NEWS
Stora Suspends Forest Harvesting After Thousands of Mussels Die
Finnish forestry company Stora Enso Oyj suspended some harvesting activities after thousands of endangered freshwater pearl mussels died at one of its sites. Harvesting was stopped in all areas across Finland where there are restrictions under the Water Act, the …
Typhoon Shanshan Headed for Japan Threatens Transport Links
Typhoon Shanshan is expected to approach Japan’s southern island of Kyushu on Tuesday or Wednesday, with railway operators warning of service disruptions and an airline canceling flights. The storm is packing maximum sustained winds near its center of 65 knots …
Amazon Must Face D.C.’s Antitrust Lawsuit, Appeals Court Rules
An appeals court in Washington, D.C. revived the district’s lawsuit against Amazon.com Inc on Thursday, saying it plausibly claimed the online retailer’s pricing policies illegally stifle competition. The District of Columbia Court of Appeals reversed a ruling that had dismissed …
Former Citigroup Exec Suing Bank Was Fired for Performance, Company Says
Citigroup alleges that a former managing director suing the bank was fired for performance reasons, rather than for what she said were attempts by the bank to give regulators false information. On Thursday, the bank responded to a lawsuit filed …
Microsoft, Cyber Firms to Meet on Fixes After CrowdStrike Crash
Microsoft Corp. is planning a meeting next month with cybersecurity companies that operate at the core of its Windows systems to discuss ways in which they can keep last month’s worldwide computer crash from happening again. Cyber companies — including …
Mailing a Letter, in Context With Other Clues, Is Sufficient Cancellation – NC High Court
Simply mailing a cancellation notice to a policyholder, when viewed in the context of other indicators, was enough to comply with state law and void a homeowner’s insurance policy shortly just weeks before a fire destroyed a home, the North …
FCBI, a Florida Workers’ Comp Fund, Acquires MidSouth Mutual in Tennessee
FCBI, a self-insurance fund founded 45 years ago to provide workers’ compensation plans to Florida citrus growers, is expanding well beyond the Sunshine State with the acquisition of MidSouth Mutual Insurance Co. in Tennessee. MidSouth has been demutualized and has …
J&J in Talks With Holdouts to $6.5 Billion Talc Settlement
Johnson & Johnson said on Friday it is negotiating with plaintiffs’ lawyers who have opposed the company’s proposed settlement of lawsuits alleging its baby powder and other talc products caused cancer, seeking to eliminate holdouts to the deal. J&J has …
Worker Dies After Excavator Is Buried Under Rocks at Massachusetts Quarry
A worker was killed last Thursday morning after a portion of a rock ledge collapsed onto an excavator with the worker inside, burying it under rocks and boulders at a quarry site in Massachusetts. Firefighters and other rescue agencies responded …
Jury sides with Pennsylvania teacher in suit against district over Jan. 6 rally
By MICHAEL RUBINKAM Associated Press A Pennsylvania school district violated a teacher’s constitutional rights by falsely suggesting he took part in the U.S. Capitol riot on Jan. 6, 2021, a federal jury has concluded. After an 11-day trial, jurors found …
Fires Spotted on Red Sea Tanker Drifting With Oil on Board
The UK Navy said that three fires have been observed on a ship attacked in the Red Sea earlier this week. The Sounion’s crew were evacuated from the ship in the past few days after the vessel was struck by …
Texas and Southwest Face Scorching Heat Wave
AUSTIN, Texas (AP) — Summer heat scorched Texas and the Southwest this week, pushing Phoenix to nearly 90 consecutive days of triple-digit temperatures and putting millions of people under excessive heat warnings. Meanwhile, energy demand in Texas hit an unofficial …