News

Another $180M Approved for North Carolina Disaster Aid, Prep

Another $180 million in state funds are going to help with disaster recovery following hurricanes Matthew, Florence and Dorian and to prepare for North Carolina’s next storm. The state House and Senate voted on Thursday for a negotiated package that …

Two Large Yachts Destroyed in Predawn Fire at Florida Marina

Authorities say a huge fire has destroyed two large yachts in South Florida, sending flames skyward and leaving millions of dollars in losses. No injuries were reported in Saturday’s pre-dawn fire. Fort Lauderdale Battalion Chief Stephen Gollan told news outlets …

Science, Enforcement Lag as Car Accidents, Claims Rise in Legal Cannabis States

Car crashes in the first three states to legalize recreational marijuana have soared as law enforcement and regulators struggle to define driving high, let alone determine how to fight it. Colorado, Oregon, and Washington saw a combined 5.2% increase in …

Three Convicted in East Village Explosion That Killed Two Men

Three people were convicted of manslaughter Friday in the 2015 East Village building explosion that killed two men. They also were found guilty in Manhattan state Supreme Court of assault charges for injuries to 13 people in the massive blast …

Gallagher’s Artex Risk Completes Purchase of ILS Specialist Horseshoe Insurance

Arthur J. Gallagher & Co. announced its captive and alternative risk transfer solutions subsidiary, Artex Risk Solutions Inc., has completed its purchase of Bermuda-based Horseshoe Insurance Services Holdings Ltd. Financial terms of the deal, which was first announced in October …

New Hampshire Woman Pleads Guilty to Demanding Money for Fake Illnesses

A New Hampshire woman has pleaded guilty to sending 12 letters demanding nearly $400,000 in compensation from restaurants and food companies after producing fake medical records saying she became seriously ill after eating their food. Forty-nine-year-old Jacqueline Masse, of Hampton, …

Walmart Alters Disability Reassignment Policy to Settle Suit in Maine

Walmart has agreed to change its national policy for reassigning disabled workers to settle a lawsuit brought by the U.S. Equal Employment Opportunity Commission in Maine. The settlement requires Walmart to offer disabled workers a vacant position in up to …

Microsoft Puts Israeli Facial Recognition Startup Under Ethics Microscope

Microsoft Corp. has hired former U.S. Attorney General Eric Holder to investigate whether the use of facial recognition technology developed by an Israeli startup it funded complies with its ethics principles, the company said on Friday. AnyVision, based outside Tel …

Data Firm Palantir’s Partnership with Japan’s Sompo Insurance Targets Health, Cyber

Silicon Valley data analytics company Palantir Technologies Inc. has established a joint venture with Japanese insurance holding company Sompo Holdings Inc. that will initially focus on health and cybersecurity clients, Palantir said. The joint venture, owned 50-50 by Palantir and …

Demand for M&A Insurance Sees Significant Growth: Aon

An increase in M&A activity in today’s challenging economic environment is driving significant growth in demand for M&A insurance products, according to a report published by Aon. Aon’s report finds that following a decline in M&A activity after the 2008 …

News Archives by Month