News

London Judge Dismisses Lawsuit Accusing Shell Board of Climate Failures

A London judge dismissed a lawsuit accusing Shell Plc’s board members of failing to manage climate change risks. In a decision published Friday the judge threw ClientEarth’s suit out before a full hearing as there isn’t a clear case against …

Hedge Fund Manager Loeb Drops Buyout of $1.5B Re/insurer SiriusPoint

Hedge fund manager Dan Loeb said he’s no longer exploring an acquisition of specialist insurance underwriter SiriusPoint Ltd. Loeb held exploratory discussions with Bermuda-based SiriusPoint about a potential deal to take the company private, but the parties weren’t able to …

Data of 237,000 Government Employees Breached

The personal information of 237,000 current and former federal government employees has been exposed in a data breach at the U.S. Transportation Department (USDOT), sources briefed on the matter said on Friday. The breach hit systems for processing TRANServe transit …

Farmers Set to Abandon Wheat Crops at Highest Rate Since 1917

America’s wheat fields have become so plagued by drought that farmers are now poised to abandon crops at the highest rate in more than a century. Producers are expected to harvest about 67% of their planted acres, the US Department …

NHTSA Demands Recall of 67 Million Air Bag Inflators

The National Highway Traffic Safety Administration (NHTSA) demanded the recall of 67 million air bag inflators because it believes there is a safety defect, but auto supplier ARC Automotive Inc rejected the U.S. regulator’s request, documents released on Friday show. …

Want to Limit Roof Claims in Florida? Why Not a Roof Endorsement?

Editor’s note: The Florida Legislature’s 2023 regular session concluded May 5, but people in the property insurance industry continue to offer ideas for the state’s distressed market. Here’s one from independent adjuster Ben Mandell. I am an independent insurance adjuster. …

Driver Falls Asleep, 18-wheeler Hits Federal Courthouse in Georgia

A federal courthouse in Georgia was damaged when the driver of a tractor trailer fell asleep and the truck hit the building last week. The crash into the J. Roy Rowland Federal Courthouse in Dublin happened at about 12:30 a.m. …

Tenn. Company Refuses Request to Recall Millions of Air Bag Inflators

A Tennessee company could be heading for a legal battle with U.S. auto safety regulators after refusing a request that millions of potentially dangerous air bag inflators be recalled. The National Highway Traffic Safety Administration is demanding that ARC Automotive …

New Hampshire Lab Error Incorrectly Led to Salad Greens Recall

A laboratory error incorrectly caused a recall announcement for a brand of salad greens, the New Hampshire Department of Health and Human Services said. The products from lef Farms are safe and the recall has been canceled, the department said …

New York Apartment Fire That Killed 3 Blamed on Homemade Vape Pens

A fire that killed a mother and two daughters in New York City was apparently sparked by homemade vape dispensers that the father of the family was assembling to sell, officials said. The fire broke out shortly after 2 a.m. …

News Archives by Month