Monthly Archives: <span>April 2022</span>

Flight Attendants Settle Discrimination Suit with Colorado-based Frontier

Frontier Airlines has settled a discrimination lawsuit brought by a group of flight attendants who claimed the carrier discriminated against them during pregnancy and while breastfeeding. Denver-based Frontier agreed to keep or change several policies to address the needs of …

Earthquakes Recorded Near Long-Dormant Alaska Volcano

Hundreds of small earthquakes have been reported near a volcano in southeast Alaska believed to have been dormant for at least 800 years, the U.S. Geological Survey confirmed The cause of the quakes under Mount Edgecumbe, a volcano near Sitka …

Fire That Destroyed Washington Businesses Ruled Arson

The Town of Friday Harbor on San Juan Island in Washington said that a fire that burned through a block of businesses last week was intentionally set. City officials said the fire that started early on April 7 originated from …

How Warren Buffett Does a Deal: Alleghany Merger Backstory

Berkshire Hathaway didn’t require Alleghany to pay any breakup fee in the event another potential acquirer topped an $11.6 billion deal price that Warren Buffett offered to CEO Joseph Brandon in early March—”after some casual conversation” at a dinner meeting. …

SCOR Warns of Ukraine Conflict Impact on Q1 2022 Results

Paris-based reinsurer SCOR said the company expects a first-quarter 2022 charge in the high double-digit million euros range for potential claims related to the Russia-Ukraine conflict across both treaty reinsurance and specialty insurance. “As the conflict continues, this estimate will …

ATV Is Not a Farm Vehicle Covered Under Homeowner’s Policy, Virginia Court Rules

The Virginia Supreme Court has ruled that an all-terrain vehicle (ATV) is not a “farm type vehicle” covered by a homeowner’s insurance policy, reversing a lower court that ruled in favor of coverage. The lower court ruled for the injured …

Infowars Files for Bankruptcy Amid Sandy Hook Lawsuits

Companies owned by far-right radio host Alex Jones filed for bankruptcy after being hit by a flurry of lawsuits. Three entities, including his website Infowars, sought Chapter 11 protection in Southern Texas, each with estimated liabilities of as much as …

Amazon CEO Jassy Says He Wants to Improve Warehouse Safety

In his first letter to Amazon shareholders, CEO Andy Jassy offered a defense of the wages and benefits the company gives its warehouse workers while also vowing to improve injury rates inside the facilities. Jassy, who took over from Amazon …

Crypto Firms Being Targeted by North Korea Hackers, Warns DeFiance Capital Founder

All prominent cryptocurrency organizations are probably being targeted by North Korean hackers and should strengthen their cybersecurity, according to the founder of a crypto fund. North Korea is likely to devote more resources to such attacks given the success it’s …

Louisiana Proposes Fines Against 5 Insurers for Alleged Improper Activity After 2020 Storms

Louisiana Insurance Commissioner Jim Donelon has proposed fining five homeowners insurance companies a combined $764,750 following targeted market conduct examinations of their insurance activities between August 27, 2020, and June 30, 2021, a period in which hurricanes Laura, Delta and …