News Archives - Insurance Journal

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2 02, 2024

Appeals Court Overturns $366M FedEx Race Bias Verdict

By | February 2nd, 2024|Uncategorized|Comments Off on Appeals Court Overturns $366M FedEx Race Bias Verdict

A federal appeals court on Thursday threw out a $366.2 million verdict against FedEx in a case brought by a Black sales manager who said the package delivery company fired her in retaliation for accusing her supervisor of race discrimination. …

2 02, 2024

France Now Backing EU AI Rules Ahead of Bloc Endorsement

By | February 2nd, 2024|Uncategorized|Comments Off on France Now Backing EU AI Rules Ahead of Bloc Endorsement

France is now backing landmark European Union rules governing artificial intelligence subject to strict conditions, an EU diplomatic source said on Friday, after sources had previously said it was the last holdout in the bloc to support the plan. Such …

2 02, 2024

2 Pennsylvania Homeowners Urged to Evacuate Due to Landslide

By | February 2nd, 2024|Uncategorized|Comments Off on 2 Pennsylvania Homeowners Urged to Evacuate Due to Landslide

Authorities have urged two western Pennsylvania homeowners to evacuate their residences due to a nearby landslide. The slide in the Sonoma Ridge development in Allegheny County’s Moon Township closed part of a road two weeks ago, and since then another …

2 02, 2024

Maine Approved for Federal Disaster Aid for December Storm Damage

By | February 2nd, 2024|Uncategorized|Comments Off on Maine Approved for Federal Disaster Aid for December Storm Damage

President Joe Biden has issued a federal disaster declaration for extensive damage caused by a massive wind and rainstorm in Maine in December, the first of three storms to pummel the state, Democratic Gov. Janet Mills announced Wednesday. The president’s …

2 02, 2024

WV Construction Firm to Buy Bankrupt College Campus

By | February 2nd, 2024|Uncategorized|Comments Off on WV Construction Firm to Buy Bankrupt College Campus

CLARKSBURG, W.Va. (AP) — A federal bankruptcy judge on Wednesday approved the sale of a defunct private university’s campus to the owner of a West Virginia construction firm for $5 million. Craig G. Phillips, owner of CGP Construction of Elkins, …

2 02, 2024

Online News Site in Florida Shuts Down After Less Than a Year

By | February 2nd, 2024|Uncategorized|Comments Off on Online News Site in Florida Shuts Down After Less Than a Year

WEST PALM BEACH, Fla. (AP) — The Messenger, an ambitious online news site that billed itself as a nonpartisan digital outlet and spent some $50 million ratcheting up its business effort, abruptly shut down Wednesday after only eight months in …

2 02, 2024

Weekly Q4 2023 Earnings Wrap: The Hartford, The Hanover, Markel, and Selective

By | February 2nd, 2024|Uncategorized|Comments Off on Weekly Q4 2023 Earnings Wrap: The Hartford, The Hanover, Markel, and Selective

The Hartford said fourth quarter net income available to common stockholders increased 30% to $766 million. The insurer ended the year with net income up 38% to about $2.5 billion. Commercial lines record fourth quarter 2023 net income of $687 …

2 02, 2024

NHTSA Upgrades Probe Into Tesla Power Steering Loss

By | February 2nd, 2024|Uncategorized|Comments Off on NHTSA Upgrades Probe Into Tesla Power Steering Loss

U.S. safety regulators have upgraded their probe into Tesla vehicles over power steering loss to an engineering analysis – a required step before the agency could demand a potential recall. The National Highway Traffic Safety Administration (NHTSA)said on Friday the …

2 02, 2024

Texas Man Convicted of Arson in Historic Courthouse Fire

By | February 2nd, 2024|Uncategorized|Comments Off on Texas Man Convicted of Arson in Historic Courthouse Fire

A Texas man was found guilty this week of starting fires at the historic Mason County Courthouse and an occupied residential structure on February 4, 2021. A McCulloch County jury this week found Nicholas Miller guilty of arson. Miller was …

2 02, 2024

French Farmers Head Home but Anger Spreads Elsewhere in Europe

By | February 2nd, 2024|Uncategorized|Comments Off on French Farmers Head Home but Anger Spreads Elsewhere in Europe

Protesting farmers demanding just prices and less red tape blocked the border between Belgium and the Netherlands on Friday, whilst their peers in France started lifting blockades countrywide after the government made further concessions. Farmers’ protests have erupted in numerous …