Biden Administration to Support Controversial UN Cyber Treaty
The Biden administration plans to support a controversial cybercrime treaty at the United Nations this week despite concerns that it could be misused by authoritarian regimes, according to senior government officials. The agreement would be the first legally binding UN …
FTX Sues Binance and Its Former CEO for $1.8B
Collapsed cryptocurrency company FTX is suing Binance and its former CEO Changpeng Zhao, alleging that $1.8 billion was “fraudulently transferred” by FTX management to Binance and its executives. The lawsuit relates to Binance’s sale of its stake in Sam Bankman-Fried’s …
FEMA Fires Manager Who Told Staff to Skip Homes With Trump Signs
A Federal Emergency Management Agency employee who ordered workers to bypass homes with yard signs supporting President-elect Donald Trump has been fired, the agency’s head said Saturday. “This is a clear violation of FEMA’s core values and principles to help …
Nonresident Surplus Brokers in Alabama Must Have $50,000 Bond Starting Jan. 1
Nonresident surplus lines brokers working in Alabama, like their in-state brethren, must secure a $50,000 fidelity bond to be licensed in the state, starting Jan. 1. The Alabama Department of Insurance posted the bulletin last week. A form is available …
NYC Man is Charged With Insurance Fraud in Staged Car Crash Captured By Dashcam
A New York City man has been charged with staging a car accident for insurance fraud purposes last month in a case that received wide publicity after the victim shared dashboard camera footage of the crash, authorities announced Friday. Prosecutors …
People Moves: LP Insurance Services Names Reed to Commercial Team in Nevada
LP Insurance Services LLC named Travis Reed to its commercial lines team in northern Nevada. Reed has more than 10 years of industry experience, most recently as a sales executive with Alpine Insurance Associates. He previously worked as vice president …
Progressive to End Offering Dwelling Fire Insurance
Progressive said it will stop offering dwelling fire insurance, with nonrenewal notices going out as early as Nov. 19. The Mayfield, Ohio-based insurer late last week said the decision to discontinue writing the coverage, often dubbed “landlord insurance,” for non-primary …
Abiomed to Pay $57K to Resolve Alleged Gender-Based Promotion Discrimination
The U.S. Department of Labor has announced that its Office of Federal Contract Compliance Programs and Abiomed Inc., a federal medical equipment supplier, have entered into a conciliation agreement to resolve allegations of gender-based promotion discrimination at the company’s Danvers, …
Judge Says New York Can’t Use ‘Antiquated, Unconstitutional’ Law to Block Migrant Buses from Texas
New York City can’t use an unconstitutional, two-century-old “anti-pauper” law to block the state of Texas from offering migrants free bus rides to the city from the southern border, a state judge has ruled. The court on Thursday dismissed a …
California Insurance Commissioner Orders 1-Year Moratorium on Cancellations for Wildfire Victims
California Insurance Commissioner Ricardo Lara issued a mandatory one-year moratorium on insurance companies to preserve residential insurance coverage for more than 11,000 policyholders affected by the Shelly Fire located in Siskiyou County and the Bear Fire located in Sierra County. …
Inszone Acquires Nugent Insurance Brokers in California
Inszone Insurance Services acquired Nugent Insurance Brokers LLC in Chico, California. Valerie and Tom Nugent Jr., and Tom Jr.’s daughter, Marissa, will remain with Inszone. Nugent Insurance will also expand into personal lines by gaining access to Inszone Insurance’s markets …
Louisiana Community Protest Approval Process for Ammonia Plant
ELKINSVILLE, La. (AP) — A dispute over a planned ammonia plant near a historic Black town in southeastern Louisiana ratcheted up a notch with a challenge to the state’s approval process. The battle over the plant is occurring despite the …
AI Thermostats Pitched for Texas Homes to Relieve Stressed Grid
Three of the biggest names in US home energy automation are coming together to offer some relief to the beleaguered Texas electrical grid. Power supplier NRG Energy Inc. is partnering with Renew Home LLC to distribute about 650,000 artificial intelligence-enabled …
Multiple Climate Disasters Trigger First-Ever Red Cross Disaster Insurance Pay-Out
The world was hit by so many floods and landslides in 2024 that it triggered the aid sector’s first multi-disaster insurance pay-out, the Red Cross told Reuters, signaling both the scale of the problem and the need for new financing …
Spain’s Devastating Floods Will Cost Insurers Over $3.8 Billion
The floods that devastated the Spanish region of Valencia at the end of last month are expected to trigger total insurance losses in excess of €3.5 billion ($3.8 billion), Moody’s estimates. The projection is based on the first 72,000 insurance …
North Dakota Voters Reject Marijuana Legalization
North Dakota voters defeated a measure calling for the legalization of recreational marijuana. The outcome of the proposal wasn’t clear until Wednesday morning. North Dakota is one of a handful of states, including Florida and South Dakota, where recreational marijuana …
Disgruntled Fired Employee Kills 2 Workers at Chicago’s Navy Yard: Police
A man who was recently fired from his job at Navy Pier returned to the Chicago tourist attraction and killed two workers before fleeing, police said. The attack happened Tuesday afternoon after the fired worker gained access to an office …
Norfolk Southern Faces Criticism Over One-Minute Railcar Inspections
Norfolk Southern sparked renewed concerns about flaws being missed during railcar inspections when it told employees this week they should spend no more than a minute looking at each car. But the railroad said the rule simply reflects the current …
Fires Flare in Brooklyn’s Prospect Park Amid US East Drought
Brush fires broke out in a major New York City park and in New Jersey on Friday as the worst drought in more than two decades gripped the US Northeast. Firefighters worked to extinguish a blaze in Brooklyn’s Prospect Park …
Wind-Driven Southern California Blaze Has Destroyed at Least 132 Structures
A Southern California wildfire that was driven by high winds has destroyed at least 132 structures and forced more than 10,000 people to evacuate. The fire in Ventura County has burned 20,596 acres and is 7% contained. The Mountain Fire, …