National News

Hyundai, Kia Must Face Insurers’ Lawsuits Over Vehicle Thefts

A U.S. judge rejected bids by Hyundai and Kia to dismiss litigation by several hundred insurers seeking to recoup more than $1 billion they claim to owe drivers whose vehicles were stolen or damaged in a social media-inspired theft spree. …

Fortune 500 Vulnerabilities to Third-Party Cloud Risk Could Result in $20B Loss

New research indicates members of the Fortune 500 could suffer direct financial losses in excess of $20 billion due to a partial outage of third-party cloud services, according to Parametrix. The findings highlight how the disruption of third party cloud …

US Climate Report Shows Rising Temps, Greenhouse Gas Emissions Headed Down

A new national climate report that shows temperatures rapidly rising, but it also has some good news for the U.S. The Fifth National Climate Assessment, which analyzes the impacts of climate and global change in the U.S., shows that global …

Letting People Work From Home Is Good for Companies’ Revenue Growth

Companies that allow remote work have experienced revenue growth that’s four times faster than those that are more stringent about office attendance, a new survey shows, adding fuel to the debate over productivity and performance in today’s workplaces. The analysis …

White House Proposes Transportation, Commerce Agencies Handle Space Regulations

The Biden administration on Wednesday released a long-awaited proposal to split regulatory powers over emerging private-sector space activities between the U.S. transportation and commerce departments, according to a draft legislative proposal. The plan would expand the Federal Aviation Administration’s oversight …

Zurich’s Farmers Group Seeks More Fee Income Via Acquisition of 3 Brokers for $760M

Zurich Insurance Group announced that its subsidiary, Farmers Group Inc. (FGI), has agreed to acquire three insurance brokers of the Farmers Exchanges for US$760 million. The deal also includes the Farmers Exchanges’ flood program servicing arm. The wholesale brokerages – …

Root Inc. Files for Default in Litigation Against Jailed Former CMO

The nearly year-long saga involving Root Inc. and its former chief marketing officer continues – with him in county jail. Brinson Caleb “BC” Silver, Root’s CMO from November 8, 2021 to November 9, 2022, has been in jail in Butler …

US Political Violence Driven by New Breed of ‘Grab-Bag’ Extremists

Before he committed mass murder in Colorado late last year, Anderson Lee Aldrich was a lively presence among a group of friends who regularly assembled online for hours to chat, play video games and trade internet memes. The four irreverent …

Staffing Shortages, Outdated Facilities Threaten US Air Safety

An independent U.S. aviation review team called on Wednesday for “urgent action” to prevent plane crashes, and made a series of recommendations to boost safety after a series of close calls involving passenger jets. The panel, named by the Federal …

Clorox Cyber Chief Leaves While Company Recovers From Devastating Hack

The chief information security officer at Clorox Co. has left the company as it works to recover from a hack that devastated its supply chain earlier this year. Amy Bogac departed after about two and a half years in the …

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