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Carolina Town to Phase Out Golf Carts on Streets; Florida Lawmakers Want Age Limit

A beach town in North Carolina is cracking down on golf carts on city streets, after the number of carts, unlicensed drivers and accidents has grown in recent years. The Port City Daily newspaper reported that the town council of …

Dutch Court Finds Facebook Misused Data in Class Action Lawsuit

A Dutch court hearing a class action lawsuit on Wednesday found that a European subsidiary of Meta, Facebook Ireland, improperly used personal data of Dutch citizens between 2010 and 2020, saying the company had “violated the law.” “Personal information was …

Update: Credit Suisse’s String of Crises: Spies, Money Laundering, Takeover

Switzerland’s UBS has agreed to buy rival Credit Suisse for 3 billion Swiss francs ($3.23 billion) in stock in a shotgun merger engineered by Swiss authorities. Credit Suisse had embarked on an overhaul to recover from scandals, losses and lawsuits, …

Georgia Firefighter Charged with Arson of His Own Home After Filing $700,000 Claim

One year after Georgia volunteer firefighter Todd Anthony said a kitchen fire burned down his house and he filed a $700,000 insurance claim, authorities have charged the man with arson. Anthony, 56, of Greensboro, was arrested and charged with insurance …

Miner BHP Potentially Faces $44B Lawsuit in London Over Brazil Dam Collapse

Mining group BHP Group is potentially facing a 36 billion pound ($44 billion) lawsuit in London over Brazil’s worst environmental disaster after the number of claimants more than tripled to 700,000, their lawyers said on Wednesday. BHP was initially sued …

Australia’s Latitude Group and IPH Hit by Cyber Attacks, Continuing Wave of Hacks

Digital payments firm Latitude Group Holdings and intellectual property services provider IPH Ltd. reported data breaches on Thursday, joining a host of other Australian firms targeted by hackers in recent months. Some of Australia’s largest companies have reported data breaches …

Update: Credit Suisse Secures $54 Billion Lifeline to Shore Up Investor Confidence

Credit Suisse shares jumped around 18% on Thursday after the company secured a lifeline from the Swiss central bank to shore up investor confidence, reversing some of the losses that stripped off a quarter of its market value the day …

Survey: Insurance Often a Blind Spot for Small Businesses

Findings from a recent NEXT Insurance survey highlight a significant gap between small business owners’ biggest stressors in 2023 and what they’re prepared for when it comes to their insurance knowledge and coverage. The data’s overarching takeaway: Insurance is often …

Progressive More Than Doubles Feb. Income, Reports Investments With Failed Banks

In reporting February financial results that continued a positive start to 2023, Progressive Corp. said it has about $75 million total investments tied to banks recently taken over by the Federal Deposit Insurance Corporation (FDIC). Progressive Corp. recorded February net …

U.S. Senate Majority Leader Urges Federal Safety Probe Into All Major Freight Railroads

U.S. Senate Majority Leader Chuck Schumer on Wednesday urged a federal investigation into safety practices of all seven major freight railroads, following the East Palestine, Ohio derailment of a Norfolk Southern Corp. train. In a letter, Schumer urged the National …

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