Jaguar Land Rover Seeks £2 Billion Lifeline to Tide Over Cyberattack
Tata Motors Ltd.-owned Jaguar Land Rover is raising £2 billion ($2.7 billion) loan from global banks as the luxury carmaker seeks to ease the financial strain of a cyberattack that forced it to halt production, according to people familiar with …
Sony Financial Soars in Spinoff Listing in Tokyo Trade Debut
Sony Financial Group Inc. surged in its Tokyo debut on Monday after a rare spinoff-listing by Sony Group Corp.,which is sharpening its focus on its entertainment and image sensor businesses. The shares opened at ¥205 and rose as high as …
Judge Rules Feds Can’t Withhold Disaster Relief Until States Cooperate on Immigration
A federal judge in Rhode Island ruled on Wednesday that it’s unconstitutional to require states to cooperate on immigration enforcement actions to get funding for disasters, which is overseen by the Federal Emergency Management Agency. A coalition of 20 state …
Boeing to Pay $50,000 Over Suicide of Quality Inspector
Boeing Co. agreed to pay at least $50,000 to settle a wrongful death lawsuit brought by the family of John Barnett, a whistleblower who took his own life last year. Barnett, a former Boeing employee, died in March 2024 at …
Hanover Must Pay Rock Singer $2M in Case of Memphis Studio Arson, Court Says
Recording artist John Falls finally should see more than $2 million from a Hanover American insurance policy in the long-simmering case of an historic Memphis recording studio that was damaged in an arson fire and resulted in the studio owner …
Former Police Officers Convicted in Arson and Fraud Conspiracy
A federal jury found two former Maryland police officers guilty of wire fraud, arson and insurance and bank fraud. Philip James Dupree, of Pikesville and Mark Ross Johnson, Jr., of Camp Springs were found to have conspired with others to …
Plane That Overshot Virginia Runway Is Third Stopped By a Safety System This Month
No injuries were reported after a commercial regional jet overshot the designated touch down zone at a Virginia airport amid heavy rain last Wednesday night, but was stopped in a safety area at the end of the runway, officials said. …
The LA Fires Destroyed 11,000 Homes. Less Than 10% Have Permits to Rebuild
Of the thousands of residents needing to rebuild after this year’s California wildfires, Andy Weyman would seem especially well positioned. The TV and stage director had remodeled his Malibu home just five years earlier and had city-approved blueprints in hand, …
Fire Fund Helps Raise PG&E to Investment Grade Six Years After Bankruptcy
PG&E Corp., which filed for bankruptcy in 2019 following devastating blazes, was upgraded to investment grade by Fitch Ratings after the California legislature boosted the size of a fire insurance fund. The ratings agency attributed the upgrade to the approval …
Korean Insurer DB to Buy Fortegra for $1.65 Billion in US Foray
South Korea’s DB Insurance Co. agreed to buy US specialty insurer Fortegra Group for $1.65 billion, in what would be the biggest US acquisition by a non-life insurer from the country. The Seoul-based company will purchase 100% of Fortegra’s outstanding …
Inszone Acquires Arkansas Best Insurance Agency
Inszone Insurance Services announced its expansion into Arkansas through the acquisition of Arkansas Best Insurance Agency, Inc., a long-standing independent agency based in Hot Springs, Arkansas. Founded in 1905, Arkansas Best Insurance Agency has proudly served clients across Arkansas and …
Part of Hospital’s Roof Ripped Off as Damaging Storms Hit Oklahoma
Storms carrying heavy rain and damaging winds ripped part of the roof off a hospital in eastern Oklahoma on Tuesday afternoon, forcing some patients to be evacuated, according to county officials. The Northeastern Health System hospital in Sallisaw had to …
Lawsuit Alleges Ohio Officer Fatally Shot Pregnant Mother Without Proper Training
An Ohio police officer accused of shooting to death a pregnant Black mother two years ago was not trained or supervised properly, according to a federal lawsuit filed Wednesday against the police chief and the township that employed him. The …
Ohio Machine Shop Ordered to Pay Back $134K
The U.S. Department of Labor has obtained a default judgment requiring Akron, Ohio-based Markham Machine Co. Inc. and its owner to restore more than $134,000 to the company’s retirement plan after the company violated federal law. Entered by the U.S. …
Attorneys Urge Court Overseeing Tylenol Autism Lawsuits to Reconsider
Families appealing the dismissal of their lawsuits alleging that Kenvue’s Tylenol or generic versions of the pain-relief medication caused their children’s autism are asking an appeals court to consider President Donald Trump’s new advice that pregnant women avoid the pain …
Swiss Re Takes a Look at Hidden Behavioral Forces Behind Skyrocketing Jury Awards
The exponential growth of liability claims costs and social inflation in the United States, in part, is being driven by changing juror sentiment and shifts in societal norms, according to analysis from Swiss Re. “Liability claims costs in the United …
Judge Preliminarily Approves $1.5B Anthropic Copyright Settlement
A federal judge in California on Thursday preliminarily approved a landmark $1.5 billion settlement of a copyright class action brought by a group of authors against artificial intelligence company Anthropic, according to the authors’ representatives. The proposed deal marks the …
Newman Named CEO of ACORD Solutions Group
ACORD announced that Chris Newman has been appointed chief executive officer of ACORD Solutions Group (ASG). Newman has led (re)insurance company operations across both the retail and specialty markets, including setting up operations in North America, Latin America, Asia and …
Donegal to Exit Farmowners Insurance, Sell Rights to $8 Million in Business to ECM
Donegal Insurance Group and ECM Insurance Group announced that ECM will acquire the renewal rights to Donegal’s entire book of farmowners insurance business in the states of Pennsylvania, Delaware, Virginia, Ohio and Indiana in 2026. The book represents approximately $8 …
On North Carolina Rivers, Cleanup from Helene Seems Never-Ending
Bracing himself against the current in waist-deep water, Clancy Loorham wrestles a broken length of PVC pipe from the rocky bottom of the French Broad River and peers inside. “I got a catfish in the pipe,” the 27-year-old with wispy …

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