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Iceland’s government has agreed to buy all residential properties in the fishing town of Grindavik, which has become uninhabitable after three volcanic eruptions rocked the region in the last two months. Grindavik has been subject to repeated seismic activity since … Source: Claims Journal

Utility firm Hawaiian Electric HE.Nrestored power on Hawaii Island after it had begun rolling outages on Tuesday due to the unavailability and reduced output from several large generators. “No more rolling outages tonight, power has been restored to all customers … Source: Claims Journal

The US Internal Revenue Service is seeking to recover about $1.4 billion in taxes it claims are owed by Silicon Valley Bank, the regional lender that failed last year. The federal tax agency claims the California-based lender owes both corporate … Source: Claims Journal

Warren Buffett is taking on Build-A-Bear. Jazwares, the Berkshire Hathaway-owned maker of the popular Squishmallows plush toys, sued Build-A-Bear Workshop on Monday, calling its new Skoosherz plush toy line “knockoffs” that infringed its intellectual property rights. Not to be outdone, … Source: Claims Journal

California lawmakers and labor unions rallied to call for laws to not allow autonomous trucks without human drivers, amid rising safety concerns after accidents involving self-driving taxis from General Motors and Alphabet. A robotaxi from Alphabet’s GOOGL.OWaymo was torched by … Source: Claims Journal

More than half of insurance companies expect to increase staff in the next year, according to the latest labor market study from Aon and the Jacobson Group. Meanwhile, 77% of carriers expect to increase revenue in the next 12 months. … Source: Claims Journal

Tesla Inc. and News Corp. face some of the earliest regulatory enforcement actions under New York City’s closely watched pay transparency law. The city alleges the businesses ignored the requirement to include salary ranges in job ads or posted such … Source: Claims Journal

A powerful winter storm descended on the US Northeast on Tuesday, dropping snow across the region while snarling commutes, shutting schools and canceling hundreds of flights. Parts of Pennsylvania could see more than a foot (30 centimeters) of snow, while … Source: Claims Journal

Prime Insurance Co. is not liable for $60 million in damages after two patients died following liposuction at a Georgia clinic, thanks in part to the clear wording of the insurance policy and timely action by the insurer, a federal … Source: Claims Journal

Vermont, Montana, and New Hampshire were the top three states with the highest fatality rates in traffic accidents in a study of National Highway Traffic Safety Administration data. The study covered NHTSA data from 2017 to 2021. It showed Vermont … Source: Claims Journal