News Center
News Archives - Insurance Journal
Damage to Baltic Sea Telecoms Cable May Have Occurred in January, Operator Says
Finland’s telecoms operator said on Monday that the damage reported last week to its C-Lion1 telecoms cable in the Baltic Sea may have occurred as early as January 26, the same day a cargo ship broke another undersea cable in …
POSTED FEBRUARY 24, 2025 10:45 PM |
Texas Man Sentenced to 13 Years in Prison for Multi-Million Dollar Insurance Fraud
A Texas man was sentenced last week to more than 13 years in prison for constructing a $5 million insurance fraud scheme, the U.S. Attorney’s Office, Northern District of Texas announced. Jordan Ford, 32, was charged via criminal complaint in …
POSTED FEBRUARY 24, 2025 5:47 PM |
People Moves: Incline P&C Group Adds Wafer as Independent Director
Incline P&C Group, a leading insurance program market services firm, has elected Thomas Wafer to the Board of Directors of each of its insurance carriers as an independent director. Wafer brings over 40 years of experience in reinsurance and insurance, …
POSTED FEBRUARY 24, 2025 5:40 PM |
Court Reduces Verdict for Michigan Gardener Whose Organic Lawn Was Destroyed
A Michigan court struck down a large chunk of an $88,550 verdict for a Detroit-area organic gardener whose beloved clover lawn was destroyed by a man spraying herbicide — at the wrong address. Marilyn Mack reported depression, anxiety and random …
POSTED FEBRUARY 24, 2025 5:37 PM |
Engineering Company to Pay $53M to Settle Flint, Michigan Water Lawsuits
An engineering company said Friday it has agreed to pay $53 million to settle all remaining lawsuits that alleged some blame for lead-contaminated water in Flint, Michigan, a decade ago. The deal by Veolia North America and Flint residents comes …
POSTED FEBRUARY 24, 2025 5:30 PM |
Google to Be Hit With EU Charges of Breaching Big Tech Rules, Sources Say
Alphabet unit Google is set to be charged with breaching EU rules aimed at checking the power of Big Tech after proposed changes to its search results failed to address the EU antitrust regulator’s concerns and those of its rivals, …
POSTED FEBRUARY 24, 2025 4:49 PM |
Europe Braces for Freeze of US Foreign Corruption Practices Act
In recent years, Glencore Plc, Airbus SE and Credit Suisse have collectively paid more than $5.5 billion in fines for their roles in sprawling corruption cases. While law enforcement in France and the UK took the lead, the involvement of …
POSTED FEBRUARY 24, 2025 4:32 PM |
NHTSA Laid Off 4% of Staff, Spokesperson Says
The National Highway Traffic Safety Administration laid off 4% of its staff as part of a government-wide trimming of probationary employees, a spokesperson said Monday. The agency has pending investigations into Tesla TSLA.O, which is headed by Elon Musk, the …
POSTED FEBRUARY 24, 2025 3:45 PM |
California Governor Asks Congress for $40B for LA Wildfire Relief
California Gov. Gavin Newsom has asked Congress to approve nearly $40 billion in aid to help the Los Angeles area recover from January’s devastating wildfires, which he said could become the costliest natural disaster in U.S. history. Newsom sent a …
POSTED FEBRUARY 24, 2025 2:54 PM |
SEC Closes Investigation Into Robinhood’s Crypto Arm Without Action
Robinhood said on Monday the U.S. Securities and Exchange Commission had closed its probe into the firm’s crypto trading arm with no action, signaling further regulatory changes in the crypto industry since President Donald Trump took office. The retail trading …
POSTED FEBRUARY 24, 2025 2:49 PM |
NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does Cote Agency confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.
|