Monthly Archives: <span>March 2015</span>

Uber Ads Lie About Superior Safety California, Cabbies Say

Uber Technologies Inc. was sued by more than a dozen California cab companies over claims it falsely advertises its rideshare service promotes as safer than taxis. Uber misleads customers about the background checks it uses to screen its drivers and …

MetLife Circles Back to Landmark NYC Tower It Mostly Left

It took almost a decade and a half for MetLife Inc. to determine that Manhattan’s MetLife Building was where it belonged. The biggest U.S. life insurer said Wednesday it will consolidate its New York operations into 200 Park Ave., which …

Solar Storm Jolts Earth; No Damage Reported

A severe solar storm smacked Earth with a surprisingly big geomagnetic jolt Tuesday, potentially affecting power grids and GPS tracking while pushing the colorful northern lights farther south, federal forecasters said. So far no damage has been reported. Two blasts …

Target Agrees to Pay $10 Million to Settle Consumers’ Data Breach Claims

Target Corp has agreed to pay $10 million in a proposed settlement of a class-action lawsuit related to a huge 2013 data breach that consumers say compromised their personal financial information, court documents show. Under the proposal, which requires federal …

Firm Owned by Guardrail Whistleblower Files for Bankruptcy

A Virginia guardrail company belonging to a man who won a whistleblower verdict against competitor Trinity Industries Inc. filed for bankruptcy. Spig Industry LLC of Bristol, Virginia, had no income in 2014, according to its bankruptcy filing. In October, a …

IPCC Releases Complete Synthesis Report

The Intergovernmental Panel on Climate Change (IPCC) announced that it has launched the complete version of the Climate Change Synthesis Report, the concluding instalment of the Fifth Assessment Report (AR5). As its name suggests the full Synthesis Report integrates and …

Workers’ Compensation History: The Great Tradeoff!

Eighteenth century pirates and a nineteenth century German “Iron” Chancellor preceded the United States in the creation of a social system for the protection of injured workers. The modern workers’ compensation system owes parts of its existence to this unique …

ACE Enhances Pollution Liability Portfolio Coverages

ACE Group has enhanced its premises pollution liability (PPL) and premises pollution liability portfolio (PPL Port) insurance policies to provide additional coverages for environmental day-to-day operational exposures faced by both domestic and multinational businesses. Additionally, the enhanced PPL and PPL …

Vanuatu Villagers Provide Lessons in Survival After Cyclone Pam

Villagers in Vanuatu buried food and fresh water as one of the strongest storms on record bore down on them, fleeing to churches, schools and even coconut drying kilns as 300 kph winds and massive seas tore their flimsy houses …

China’s Fosun and Ping An Insurance Vying to Buy $1.6 Billion Berlin Complex

Fosun International Ltd., backed by Chinese billionaire Guo Guangchang, is vying with Ping An Insurance (Group) Co. to acquire 18 buildings on Berlin’s Potsdamer Platz square, people with knowledge of the matter said. Fosun and Ping An, China’s second-largest insurer, …