INSURANCE NEWS
Struggling Businesses at Corner Where George Floyd Was Murdered Sue Minneapolis
MINNEAPOLIS (AP) — Several business owners at the struggling corner where George Floyd was murdered by a Minneapolis police officer in 2020 are suing the city to demand it take over their properties and compensate them. The owners of the …
Meta Fined €798 Million by EU Over Abusing Classified Ads Dominance
Meta Platforms Inc. was hit with a €798 million ($841 million) fine by European Union regulators by tying its Facebook Marketplace service to the social network, the US tech giant’s first ever penalty for EU antitrust violations. In a groundbreaking …
Super Typhoon Man-yi Lashes Philippines’ Main Island
Super Typhoon Man-yi battered parts of the Philippines with powerful winds and intense rains as it made its way across the main island on Sunday. Man-yi, known locally as Pepito, made landfall over the coastal Aurora province on Sunday after …
Markets/Coverages: BMS Offers Comprehensive Insurance Solution for Wine Producers
BMS Group, the London-based independent specialist insurance and reinsurance broker, announced the launch of BMS Bacchus, a stock-throughput solution designed to protect wine across all stages of production, storage and transit, from harvested grapes to finished product. BMS Bacchus is …
Smithfield to Pay $2 Million in Minnesota Child Labor Violation Settlement
MINNEAPOLIS (AP) — Smithfield Foods, one of the nation’s largest meat processors, has agreed to pay $2 million to resolve allegations of child labor violations at a plant in Minnesota, officials announced Thursday. An investigation by the Minnesota Department of …
Bullet Strikes Body of Southwest Plane Without Injuries at Dallas Airport
DALLAS (AP) — A bullet struck the body of a Southwest Airlines airplane preparing for departure from a Dallas airport, forcing the cancellation of the Friday evening flight, the airline said. No injuries were reported and law enforcement was contacted …
Amazon, SpaceX to Test US Labor Board’s Powers at Conservative Appeals Court
A U.S. labor board whose enforcement powers are being challenged in a series of lawsuits is set to defend itself from attacks by Amazon.com and Elon Musk’s SpaceX in a conservative U.S. appeals court, as the agency also braces for …
Musk Escalates Altman Legal Feud, Casting OpenAI as Monopolist
Elon Musk is ramping up his feud with Sam Altman, alleging in a court filing that OpenAI is trying to corner the market for generative artificial intelligence and sacrificing safety in a race to get ahead. In a revised version …
Federal Judge Strikes Down Biden Overtime Pay Rule
A federal judge in Texas on Friday permanently blocked a Biden administration rule that would have made about 4 million more salaried U.S. workers eligible for overtime pay. U.S. District Judge Sean Jordan in Sherman, Texas, said the U.S. Department …
Head of Kentucky Plant Says Company Will Cover Damages After Blast
LOUISVILLE, Ky. (AP) — The president of a Kentucky plant that exploded earlier this week said the company is accountable for the accident and will pay damages to residents affected by the blast. “First and foremost, we are devastated by …
Two Florida Employees Charged with Defrauding Aetna of $1M
It was an inside job, one that cost an insurance company in Florida more than $1.1 million, authorities said. Investigators with Florida’s Department of Financial Services on Friday charged Rochell Green and Breana Ferguson, of the Jacksonville area, with orchestrating …
Malcolm X’s Daughters Sue CIA, FBI and NYPD Over Civil Rights Leader’s Assassination
Three daughters of Malcolm X have accused the CIA, FBI, the New York Police Department and others in a $100 million lawsuit Friday of playing roles in the 1965 assassination of the civil rights leader. In the lawsuit filed in …