Though U.S. Jobless Claims Slip, Numbers Point to Worker Scarcity
The number of Americans filing new applications for jobless benefits dipped to the lowest in a month last week, consistent with a cooling but still-healthy U.S. labor market that is likely to keep Federal Reserve officials from cutting interest rates …
Fiery Plane Crash Kills 179 in Worst Airline Disaster in South Korea
The deadliest air accident ever in South Korea killed 179 people on Sunday, when an airliner belly-landed and skidded off the end of the runway, erupting in a fireball as it slammed into a wall at Muan International Airport. Jeju …
Pittsburgh Regional Transit Dealing With Ransomware Attack
Pittsburgh Regional Transit (PRT) has reported it is responding to a ransomware attack that was first detected on December 19, a day when the rail service experienced temporary disruptions. Upon discovering the incident, PRT said it immediately launched an investigation, …
Root Expands to Minnesota
Root has announced the availability of Root Insurance in Minnesota. The insurer now serves drivers in 35 states, extending its auto insurance offering to over 4 million registered drivers in Minnesota and covering more than three-quarters of the U.S. population. …
Inszone Acquires Texas-Based Roten & Company Insurance
Inszone Insurance Services announced the acquisition of Roten & Company Insurance, a longstanding family-owned and operated insurance agency based in San Antonio, Texas. This acquisition strengthens Inszone’s footprint in Texas and enhances its ability to deliver personalized insurance solutions to …
New Texas Law Eliminates Annual Vehicle Safety Inspections
Most Texas drivers will no longer be required to have their cars pass an annual safety exam after state lawmakers removed the rule from Texas code. Texas is one of 15 states that mandate annual inspections for noncommercial cars. That …
Minnesota Restaurant Owner to Pay $105K in Back Wages
Four Minneapolis restaurants with shared ownership will pay $105,784 in back wages, damages and penalties to resolve violations identified by U.S. Department of Labor, including illegally firing an employee who cooperated with investigators. The department’s Wage and Hour Division found …
SCDOI Orders Atlantic Coast Life and its Reinsurer to Cease Writing in the State
South Carolina regulators have ordered Atlantic Coast Life Insurance and its captive reinsurer, Southern Atlantic Re, to stop writing new policies by Tuesday, Dec. 31. The carriers also were ordered to notify all producers about the cease-and-desist directive from the …
Colorado Secures Record Insurance Coverage for Stars Playing in Bowl Game
Colorado secured what it said was record insurance coverage for quarterback Shedeur Sanders and Heisman Trophy winner Travis Hunter as the star duo opted to complete their college careers in the Alamo Bowl rather than sit out and prepare for …
Germany’s BioNTech Settles With US Agency, UPenn Over COVID Vaccine Royalties
BioNTech has entered into two separate settlement agreements with the U.S. National Institutes of Health and the University of Pennsylvania over the payment of royalties related to its COVID-19 vaccine, the company said in filings. The German company, which partners …
Crum & Forster Sells Credit Insurance Division to Amynta
Insurer Crum & Forster, a subsidiary of Fairfax Financial Holdings Limited, has sold its C&F Credit Division to Amynta Group. The C&F Credit Division underwrites and manages credit insurance products, including mortgage credit and alternative credit risk solutions, primarily for …
LL Bean Agrees to Injunction to End Skechers Shoe Patents Lawsuit
LL Bean, the clothing and outdoor gear company, agreed to stop selling a line of casual shoes to settle a lawsuit in which Skechers USA accused it of copying a design for its own shoes, which have sold in the …
NATO to Boost Baltic Sea Presence After Power, Internet Cable Damage
NATO said on Friday it would boost its presence in the Baltic Sea after the suspected sabotage this week of an undersea power cable and four internet lines, while alliance member Estonia launched a naval operation to guard a parallel …
New York to Fine Fossil Fuel Companies $75 Billion Over 25 Years for Climate Damage
New York state will fine fossil fuel companies a total of $75 billion over the next 25 years to pay for damage caused to the climate under a bill Governor Kathy Hochul signed into law on Thursday. The law is …
FDA Proposes Standardized Testing of Talc Cosmetics to Identify Asbestos
The U.S. Food and Drug Administration (FDA) has unveiled a proposed rule to require standardized testing to detect asbestos in talc-containing cosmetic products. The FDA says the proposed rule, if finalized, would help protect consumers who use talc-containing cosmetic products …
A Look at the $100B Disaster Relief in the Government Spending Bill
Congress is allocating more than $100 billion in emergency aid designed to address extensive damage caused by disasters after this week’s scramble to find consensus on a government spending bill. The money comes after back-to-back hurricanes — Helene and Milton …
Florida DFS Posts Latest Enforcement Actions Against Agents, Adjusters
Florida’s Department of Financial Services has posted its enforcement actions for much of the last half of 2024, listing 12 insurance agents and 43 adjusters who were penalized, suspended, or had their licenses revoked or voluntarily surrendered them. From June …
The War on Wildfires Is Going High-Tech
Last December, a farmer was burning dry grapevines in his vineyard in Deir Mar Moussa, a hill town a dozen miles east of Beirut known for its 18th century monastery and stands of pine forest. Usually this would be dangerous, …
National Flood Insurance Program Authorized to Continue Through Mid-March
The National Flood Insurance Program has been renewed for another three months. On Dec. 21, 2024, the day after it was set to expire, the president signed legislation passed by Congress that funds the federal government and extends the NFIP’s …
Flood Gates Removed From Storm Plan for Jersey Shore’s Back Bays
federal government has dropped huge gates at the mouths of three inlets, as well as internal waterway barriers from a plan to protect New Jersey’s back bays from the type of catastrophic flooding they endured during Superstorm Sandy. Instead, the …

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