8 Hurt When Driver Plowed Vehicle into California Car Dealership
Eight people were injured over the weekened when a driver plowed a vehicle into a CarMax location in the Los Angeles area. Two people were critically hurt at the dealership in Inglewood, while the other six had minor injuries, Los …
Nirvana Raises $80M for AI-Driven Fleet Insurance; Carrier-Agency Connector CoverForce Secures $13M
Nirvana Insurance Secures $80M for Trucking Insurance AI Nirvana Insurance, an AI-driven commercial trucking insurer, announced an $80 million Series C funding round, valuing the company at nearly $850 million. The round was led by General Catalyst with continued support …
Pilot Error Likely Caused Small Plane Crash That Killed Family in Tennessee
NASHVILLE, Tenn. (AP) — A fiery small plane crash in Tennessee last year that killed a Canadian family of five was most likely the result of an error by the father, who was piloting the plane, according to a National …
Supreme Court Nixes Challenge to State Climate Suits Against Oil Firms
The U.S. Supreme Court rejected on Monday a bid by 19 Republican-led states led by Alabama to block five Democratic-led states from pursuing lawsuits accusing major oil companies of deceiving the public about the role fossil fuels have played in …
France Warns of Soaring Insurance Costs From Climate Change
French households, businesses and local authorities will face soaring costs for insurance if the country fails to adapt to a changing climate, the government said Monday. The cost of climate disasters may double in the 30 years through 2050, reaching …
Bayer Threatens to Stop Roundup Weedkiller Sales in US Over Litigation Costs
Bayer has told U.S. lawmakers it could stop selling Roundup weedkiller unless they can strengthen legal protection against product liability litigation, according to a financial analyst and a person close to the matter. Bayer has paid about $10 billion to …
Arthur J. Gallagher & Co. Acquires Philippines-Based Re/Insurance Broker Philinsure
Arthur J. Gallagher & Co. announced it has acquired the remaining shares of Philippines-based Philpacific Insurance Brokers & Managers Inc., dba Philinsure, following a minority investment in the business. Terms of the transaction were not disclosed. Philinsure is a commercial …
Medical Plane’s Voice Recorder Likely Not Working for Years Before Crash
The cockpit voice recorder was not working on a medical transport plane that killed seven people when it plummeted into a Philadelphia neighborhood in January and likely had not been functioning for several years, the National Transportation Safety Board said …
Brazil Insurer Caixa Seguridade Files for Secondary Share Offering
Brazilian state-run insurance firm Caixa Seguridade said late on Sunday it had filed for a follow-on share offering that will comprise a secondary sale of stock owned by controller Caixa Economica Federal. The move was widely expected since the company …
Citi Fined by Swiss Exchange Regulator Over 2022 Fat-Finger Flash Crash
Citigroup Inc. was fined 500,000 Swiss francs ($568,000) by Switzerland’s stock exchange regulator for failures after a London staffer’s fat-finger trade caused a flash crash in European stocks in 2022. The total value of the erroneous trades executed on the …
Regulators Ask Gallagher for More Information on $13.4B AssuredPartners Acquisition
Arthur J. Gallagher & Co. reported that it has received a second request for information from federal officials relating to its proposed $13.45 billion acquisition of AssuredPartners, Inc. Gallagher said it is actively responding to the request and expects that …
Cyclone Alfred Weakens to Tropical Low, Sparing Any Major Damage
Ex-Tropical Cyclone Alfred weakened to a tropical low and was still lingering off the coast of Brisbane on Saturday afternoon, sparing Australia’s third-biggest city from any major damage. The storm still threatens to bring high winds and flooding to an …
FEMA Cancels Classes at National Fire Academy Amid Federal Funding Cuts
The country’s preeminent federal fire training academy canceled classes, effective immediately, on Saturday amid the ongoing flurry of funding freezes and staffing cuts by President Donald Trump’s administration. The Federal Emergency Management Agency announced that National Fire Academy courses were …
As Some States Welcome More Captives, Alabama DOI Declares Moratorium on Them
Just as several other U.S. states are bragging about the growing number of captive insurers domiciled there – and are making changes to attract more captives – Alabama regulators have declared a temporary moratorium on those types of insurance companies. …
Virginia’s Top Court Rejects Amazon’s ‘Zig-Zag’ in Upholding Flex Drivers as Employees
The Virginia Supreme Court has upheld a ruling that Amazon Flex drivers are employees and not independent contractors while criticizing the company for changing its arguments after it lost in prior decisions. Amazon Logistics failed to convince the high court …
Cascading Extreme Weather Events Unleash Billions in Damages Globally
First came a dry spell that parched the land, then a spark, followed by some wind. Suddenly, swaths of South Carolina were consumed by voracious flames. More than 100 fires ignited in the state last weekend — an unusually high …
Washington Timber Company Fined $114K for Child Labor Violations
A Washington timber company was fined $114,300 for reportedly violating state and federal child labor regulations. The violations involve a 17-year-old worker, who was reportedly injured while working on one of MVR Timber Cutting Company’s logging operations. The Washington State …
Honolulu Allowing Some Developers to OK Their Own Projects
More than a year after the Honolulu City Council created a program to reduce the city’s backlog of building permit applications, the city’s permitting department director said she’s close to starting the program. The delay, said Department of Planning and …
Update: Long Island Brush Fires Contained; 2 Firefighters Injured; Arson Probe Underway
Four brush fires that broke out over the weekend on Long Island are being investigated as possible arsons. The brush fires that were driven by 35 mph winds were contained on Sunday by first responders before they could cross the …
25 Pacific Palisades Fire Victims Sue LA and Water & Power
Twenty-five victims of the Palisades Fire victims filed an inverse condemnation lawsuit in the Los Angeles Superior Court against the City of Los Angeles and the Los Angeles Department of Water and Power, alleging the entities failed to maintain an …

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