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

Fire Damages Ohio Complex Housing Wright Brothers Plane Factory

DAYTON, Ohio (AP) – An early morning fire damaged a commercial building complex housing a historic factory founded by the Wright Brothers in Ohio on Sunday, authorities said. Dayton fire crews were sent to the site just before 2:30 a.m. …

Train Derails in Rural North Dakota, Spills Chemical

WYNDMERE, N.D. (AP) – A Canadian Pacific train derailed in rural North Dakota Sunday night and spilled hazardous materials, but local authorities and the railroad said there is no threat to public safety. There were no injuries and no fire …

St. Louis Sues Hyundai, Kia Over Car Thefts

The city of St. Louis, Missouri, said on Monday it was joining a number of major U.S. cities that are suing Korean automakers Hyundai Motor 005380.KS and Kia Corp 000270.KS for failing to install anti-theft technology in millions of their …

Georgia Lawmakers Approve Lower Uninsured Motorist Coverage for Ride Sharing

The Georgia General Assembly on Monday approved a bill that would require lower minimum amounts of uninsured motorist coverage for ride-sharing and taxi companies. But a measure that would mandate premium discounts for property owners who fortify their homes against …

Boy Scouts of America Bankruptcy Plan Upheld Despite Insurers’ Objections

A federal judge on March 28 denied an appeal, largely made by insurers, to strike down the Boy Scouts of America’s reorganization plan approved last year to allow the nonprofit to settle tens of thousands of sexual abuse claims. The …

World Insurance Acquires Finger Lakes Partners Insurance

National insurance broker World Insurance Associates has acquired the business of Finger Lakes Partners Insurance Services Inc. of Geneva, New York. Finger Lakes was formed in 2007 with the merger of Chacchia & Parrott and Henry Shepard Smith. In addition …

Private Equity Investor AnaCap Sells Minority Stake in German Broker MRH Trowe

AnaCap Financial Partners, a London-based private equity investor, announced the sale of a minority stake in portfolio company MRH Trowe, a German owner-managed commercial lines insurance broker. AnaCap and MRHT’s founding managers have signed an agreement to sell a minority …

North Carolina’s First Citizens Bank to Acquire Most of Collapsed Silicon Valley Bank

North Carolina-based First Citizens Bank, which also offers property and other types of insurance, will acquire much of Silicon Valley Bank, the tech-focused financial institution that collapsed this month, setting off a chain reaction that caused a second bank to …

Geico Faces Class Action for Allegedly Underpaying Auto Claims

Geico General Insurance Co. must face a class action suit alleging that it has been underpaying benefits to its insureds injured in automobile accidents. U.S. District Court Judge Dora L. Irizarry in federal court in Eastern New York has certified …

TikTok Represents ‘Strategic’ Challenge, Says Top Cyber Official

The head of the U.S. National Security Agency’s cybersecurity directorate on Monday said TikTok represents a “strategic issue” rather than an immediate “tactical” threat to the United States. Speaking at a policy conference in Northern California, Rob Joyce, director of …