Monthly Archives: <span>February 2023</span>

Thwarted Plot to Attack Baltimore Power Grid Part of Growing Domestic Terrorism: Feds

A Maryland woman spent months conspiring with a neo-Nazi leader based in Florida to plan an attack on Baltimore’s power grid, hoping to further their racist mission, law enforcement officials said Monday. The plan was thwarted when both suspects were …

Samsung Chip Plant Sues Insurer Over $400 Million in Storm Damage Claims

A Samsung Electronics Co. semiconductor plant in Texas sued its insurer over $400 million in damage claims tied to a power blackout during a deadly winter storm in 2021. The federal lawsuit filed Monday against Factory Mutual Insurance Co. said …

Judge Upholds Punitive Damage Award in Prison Strip Search

A judge rejected a challenge on Monday by Delaware’s Department of Correction of a jury’s $15,000 punitive damage award to an inmate who was mistreated by a former prison guard during a strip search. The judge upheld the jury’s November …

Rethink Needed on How to Regulate Big Tech in Finance Services: BIS Official

A rethink is needed on how to directly regulate activities of Big Tech companies in financial services, given their size and influence, a top official at an international forum for central banks said in Wednesday. Data-rich Big Tech companies such …

Americanas’ $4B Accounting Scandal Puts More Scrutiny on PwC’s Auditing Record

A $4 billion accounting shortfall would typically raise alarm bells for an auditor. Somehow, a PricewaterhouseCoopers LLP affiliate didn’t catch it at Americanas SA. Investor and consumer groups are calling for closer scrutiny of the accounting firm after the unveiling …

Ruff Ruling for Nationwide: Ohio Court Says Insurer Must Cover Canine Bite

An Ohio Court of Appeals panel said that Nationwide must indemnify a canine owner whose bulldog bit a passer-by, ruling that a policy exclusion barring coverage for bodily injury for a dog with a prior history of attacking or biting …

UK’s Royal Mail Faces Threat From Ransomware Group LockBit

UK’s Royal Mail is facing a threat from ransomware group LockBit, according to information published on a website, at a time when the British postal and parcel firm is grappling with the fallout of a “cyber incident” from last month. …

Quake Latest: Turkey Declares Emergency Rule; Death Toll Rises Across Turkey, Syria

Turkey declared a three-month state of emergency in areas struck by two massive earthquakes earlier this week, allowing the government more leeway for rescue and reconstruction efforts. Emergency teams are racing against the clock to save potentially thousands of victims …

Viewpoint: Interest in America’s World-Class Crop Insurance Continues to Grow

Now standing firmly one month into 2023, we can look back at the previous year with pride that we were able to meet many of its challenges with the stability and confidence our agricultural community offers to help feed and …

Wells Fargo to Pay $300M to Settle Suit Over Auto Insurance Disclosures

Wells Fargo & Co. agreed to pay $300 million to settle a shareholder lawsuit claiming the bank hid that it had pushed unnecessary insurance on auto loan customers, according to documents filed in U.S. court on Tuesday. The Construction Laborers …