Archive for October 2023

A Florida lawsuit brought by private equity fund Fortinbras Enterprises and three others charges that Lighthouse Property Insurance Corp. executives concealed the extent of underwriting losses after Hurricane Ida, even as the insurer solicited millions in fresh capital. And part … Source: Claims Journal

MEXICO CITY (AP) — Officials in Mexico said Monday that three foreign residents were among at least 45 people killed when Hurricane Otis hit the resort city of Acapulco last week. Local prosecutors say the dead included one American, one … Source: Claims Journal

LONDON (AP) — The death toll from a fire at a coal mine in Kazakhstan rose to 42 on Sunday, with four people still missing, the press service of Kazakhstan`s Ministry of Emergency Situations said. It added that rescue operations … Source: Claims Journal

President Joe Biden is directing the US government to take a sweeping approach to artificial intelligence regulation, his most significant action yet to rein in an emerging technology that has sparked both concern and acclaim. The lengthy executive order, released … Source: Claims Journal

OKITIPUPA, Nigeria (AP) — It was the dead of night when the ship caught fire, Patrick Aganyebi remembers, but the flames made it seem as bright as day. The explosion that night woke him and knocked him to the floor. … Source: Claims Journal

WASHINGTON —The Biden administration said on Monday it is committing up to $1.3 billion for three new power lines crossing six states in the U.S. West and Northeast, to help bolster the aging grid and bring renewable power to more … Source: Claims Journal

NEW YORK –– The U.S. Securities and Exchange Commission on Monday sued software company SolarWinds Corp. and its top information security executive, saying they defrauded investors by hiding cybersecurity weaknesses during a massive hack targeting the U.S. government. The SEC … Source: Claims Journal

Alliance United Insurance Co. has agreed to pay $1.1 million to two Southern California district attorney’s offices to resolve allegations that it failed to timely investigate auto accident claims. Los Angeles County District Attorney George Gascón and Ventura County District … Source: Claims Journal

A Philadelphia jury on Friday found Bayer AG liable in a case brought by a retired restaurant owner who claimed his cancer was due to exposure to the company’s Roundup weed killer, and ordered Bayer to pay him $175 million … Source: Claims Journal

ACAPULCO, Mexico (AP) — Desperate families made missing posters Friday and joined online groups to look for loved ones out of touch since Hurricane Otis devastated the Mexican Pacific coast city of Acapulco. Officials said they were moving in supplies … Source: Claims Journal