Travelers Subsidiary Ordered to Pay $44M in Missouri Wrongful Conviction Case
A man won $11 million in a lawsuit against police after his conviction for killing a Missouri newspaper’s sports editor was overturned, but the city’s former insurer resisted paying most of it for almost three years. A Missouri judge this …
Ford Recalls Nearly 200,000 Mustang Mach Es Due to Faulty Door Latches
Ford Motor Co. is recalling nearly 200,000 electric Mustangs because the door latches could falter, potentially trapping passengers in the back seat. The National Highway Traffic Safety Administration said Dearborn, Michigan-based Ford is recalling 197,432 Mustang Mach E midsize SUVs, …
Western Digital Convinces Judge to Throw Out $552.7M Patent Award
Data storage provider Western Digital has convinced a California federal judge to reduce a $552.7 million award against it in a patent dispute over data encryption to just $1, according to a court order made public on Monday. U.S. District …
5 Taken to Hospital in NC After Flight From Miami Hits Turbulence
Five people were taken to a North Carolina hospital after a flight from Miami hit turbulence Sunday night, officials said. Fire and rescue crews responded to the flight after it arrived at Raleigh-Durham International Airport around 11:30 p.m. and brought …
DeSantis Signs Law Giving Condo Owners Some Relief, But Questions Remain
Florida condominium residents grappling with the steep cost of building improvements will get some financial relief under a new bill signed into law by Republican Gov. Ron DeSantis on Monday. House Bill 913 gives condo homeowner associations more flexibility in …
UNLV Launches Bachelor’s Degree in Insurance And Risk Management
When school begins at the University of Nevada, Las Vegas, students will have a chance to undertake a bachelor’s degree program in insurance and risk management. The school got the new program approved this month. The first cohort of 35 …
Soaring Temperatures Stress US Grids
Blistering heat is straining power grids across the eastern half of the US, leading to a blackout in part of New York City’s borough of Queens as the local utility issued a warning to conserve electricity. Consolidated Edison Inc. is …
People Moves: Starkweather & Shepley Unveils Promotions, Officer Advancements
Starkweather & Shepley Insurance Brokerage Inc., headquartered in East Providence, Rhode Island, made several recent promotions and advancements in officer positions, including: Starkweather & Shepley Insurance Brokerage Inc. Andrew J. Fotopulos, chairman & chief executive officer Elizabeth A. Lowe, president …
US Braces for ‘Low-Level’ Cyberattacks by Iran After Airstrikes
US officials are warning businesses to brace for potential Iranian cyberattacks following American airstrikes on the country’s nuclear sites, an event that experts say could draw a relatively small response from hackers. A bulletin from the Department of Homeland Security …
People Moves: Howden Belgium Appoints De Baets as CEO; Liberty Promotes Directors of 3 New Divisions for Marine & Aviation, Specialty, Property
This edition of International People Moves details appointments at Howden and Liberty Specialty Markets (LSM). A summary of these new hires follows here. Howden Belgium Appoints De Baets as CEO Howden, the London-based insurance intermediary group, today announces the appointment …
US Supreme Court Lets Fuel Producers Challenge California Emissions Standards
The U.S. Supreme Court sided on Friday with fuel producers that had opposed California’s standards for vehicle emissions and electric cars under a federal air pollution law, agreeing that their legal challenge to the mandates should not have been dismissed. …
Foundational, Leadership-Driven Education High Priority in Insurance
Foundational learning remains a high priority for insurance and risk management professionals, according to The Institutes Knowledge Group’s annual Skills Report. Risk assessment, coverage analysis, and insurance operations education were among the top courses chosen by industry professionals. Based on …
Insurer Aflac Investigating Possible Data Breach
Aflac on Friday disclosed a cybersecurity incident in which personal information of its customers may have been compromised, making it the latest insurance provider to be targeted. The health and life insurance firm said the attack on its U.S. network, …
People Moves: Arizona Department of Insurance Names Ailor Interim Agency Director
Arizona Gov. Katie Hobbs appointed Maria Ailor as the interim agency director of the Arizona Department of Insurance and Financial Institutions. Ailor has 30 years of public service experience as an insurance regulator, serving in various supervisory roles, most recently …
Honda Recalls More Than 259,000 Cars in the US Due to Brake Pedal Issue
Honda is recalling more than 259,000 of its cars across the U.S. due to a problem that can cause the brake pedal to shift out of position, potentially interfering with a driver’s ability to stop or slow down. According to …
Thriving Southern Cities Face Economic Threat From Funding Cuts
The same economic anchor that propelled North Carolina’s Research Triangle into one of America’s most thriving economies now risks becoming a liability. Major academic institutions in the community have helped lure businesses of all sizes — and the jobs that …
Runaway Reaction Likely Caused Fatal Explosion at Food Color Plant in Ky., Board Says
Materials used in a food-coloring facility in Louisville led to a runaway chemical reaction last November, which likely caused the explosion that killed two workers and seriously injured three others, the U.S. Chemical Safety and Hazard Investigation Board said in …
How Will Tesla Remotely Control Robotaxis, And What Are The Limitations?
Tesla is expected to tiptoe into its long-awaited robotaxi service in Austin, Texas, as soon as Sunday with about 10 of its Model Y SUVs that will operate within strict limits. CEO Elon Musk has said the company is being …
California Utilities Expand Power Shutdowns as Winds Rise
California utilities cut power to more than 62,000 customers across the state in an attempt to stop wildfires from starting as dry winds sweep the region. PG&E Corp. cut off power to around 60,000 customers scattered across seven counties and …
FTC Fines Payment-Processor Paddle $5 Million for Alleged Support of Schemes
Paddle.com Market, a U.K.-based payment processor, and its subsidiary, Paddle.com, Inc., will pay $5 million and be permanently banned from processing payments for tech-support telemarketers, said the Federal Trade Commission this week. The FTC alleged that Paddle abused the U.S. …

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