INSURANCE NEWS
Morgan Stanley’s and Hiscox’s Bloomer Among Those Missing After Yacht Sinks
Morgan Stanley International chairman Jonathan Bloomer is among those confirmed missing by Italian authorities along with British tech entrepreneur Mike Lynch after the luxury yacht they were on board sank off the coast of Sicily early Monday. The head of …
The Era of Runaway Heat Records Is Here
Las Vegas set a heat record of 117 degrees Fahrenheit (47.2C) in 1942, and for 82 years no weather system could budge it. Thermometers registered the same temperature four more times, all since 2005, without setting a new high. Then …
T-Mobile Fined $60 Million Over Unauthorized Data Access
A powerful U.S. committee that scrutinizes foreign investment for national security risks fined T-Mobile $60 million, its largest penalty ever, for failing to prevent and report unauthorized access to sensitive data, senior U.S. officials said on Wednesday. The penalty imposed …
Pilgrim’s Pride Agrees to $100M Settlement Over Chicken Farmers’ Pay
Pilgrim’s Pride, one of the largest U.S. poultry processors, agreed to pay $100 million to settle claims it conspired with rivals to underpay chicken farmers, the final and by far the largest settlement in the seven-year-old antitrust case. A preliminary …
US State AGs Seek Treble Damages Against Live Nation for Concertgoers
Attorneys general from about two dozen U.S. states are seeking treble damages against Live Nation Entertainment and its ticket-selling unit, Ticketmaster, for allegedly monopolizing markets across the live concert industry in an updated version of a lawsuit originally filed in …
Mississippi Poultry Plant Settles With OSHA After Teen’s 2023 Death
HATTIESBURG, Miss. (AP) — A Mississippi poultry processing plant has agreed to a settlement with the U.S. Department of Labor that requires it to pay $164,814 in fines and put in place enhanced safety measures following the death of a …
Family of Carolina Woman Killed by Falling Utility Pole to Get $30M Settlement
COLUMBIA, S.C. (AP) — The family of a South Carolina woman struck in the head and killed by a rotting 70-year-old utility pole will get $30 million through a wrongful death settlement reached Thursday. Electric company Dominion Energy, which installed …
Tri-State Region Shocked as Severe Floods Take 2 Lives, Leave Trail of Destruction
Flooding caused by heavy rains is being blamed for the deaths of two women, major damage to roads and other infrastructure, and substantial residential and vehicle flooding over the weekend and Monday in Connecticut, New York and New Jersey. Connecticut …
SME Broker Ardonagh Advisory to Acquire UK-Based R.K. Henshall
Ardonagh Advisory, Ardonagh Group’s SME broking platform, has agreed to acquire UK chartered insurance broker R.K. Henshall & Co. Ltd. Financial details of the transaction, which is subject to regulatory approval, were not disclosed. Established in 1976, R.K. Henshall & …
US Workers More Glum on Compensation and Work Prospects, New York Fed Says
U.S. workers are growing more sour with their employment compensation, according to a survey released on Monday by the New York Federal Reserve. In its Survey of Consumer Expectations Labor Market Survey for July, the regional Fed bank said that …
Hidden Report Reveals Worker Illnesses From Ohio Derailment Cleanup
The creeks around East Palestine, Ohio, were so badly contaminated by last year’s disastrous Norfolk Southern derailment that some workers became sick during the cleanup. Workers who reported headaches and nausea — while shooting compressed air into the creek bed, …
Arkansas Governor Declares Emergency After Thunderstorms Knock Out Power
LITTLE ROCK, Ark. (AP) — Arkansas Gov. Sarah Huckabee Sanders issued an emergency declaration Saturday after severe thunderstorms knocked down power lines in the northwestern part of the state. Storms with strong winds blew through that part of the state …