Monthly Archives: <span>May 2021</span>

Zurich Insurance Sees Limited Greensill Exposure

LONDON/ZURICH — Zurich Insurance does not expect to have a major exposure to the failure of supply chain financing firm Greensill Capital, the insurer’s chief financial officer said on Wednesday after it reported solid first-quarter earnings. Greensill Capital lent money …

Ransomware Gang Threatens Release of DC Police Records

RICHMOND, Va. (AP) — A Russian-speaking ransomware syndicate that stole data from the Washington, D.C., police department says negotiations over payment have broken down and it will release sensitive information that could put lives at risk if more money is …

Great Lakes Water Surge Eases After 2 Record-Setting Years

TRAVERSE CITY, Mich. (AP) — A spell of dry, mild weather is giving the Great Lakes a break after two years of high water that has shattered records and heavily damaged shoreline roads and homes, officials said Monday. Although still …

Malibu Investigating After 9 Hurt in Balcony Collapse

MALIBU, Calif. (AP) — The city of Malibu is investigating whether any rental codes were violated at a home where nine people were injured when a balcony collapsed during a crowded weekend party. The beachside property had a valid short-term …

Waymo, Cruise Seek Permits to Charge for Self-Driving Car Rides in San Francisco

Alphabet Inc’s Waymo and rival Cruise have applied for permits needed to start charging for rides and delivery using autonomous vehicles in San Francisco, state documents reviewed by Reuters showed, setting the stage for the biggest tests yet of their …

NCCI: Workers’ Comp Line Thrives Despite COVID-19

The workers’ compensation line powered through the COVID-19 pandemic last year, generating an average profit of 24% while carriers built up $14 billion in “redundant reserves,” the National Council on Compensation Insurance said Tuesday during its virtual Annual Issues Symposium. …

Insurer of Ship That Blocked Suez Canal Says Reduced Claim Still High

CAIRO — UK Club, an insurer of the container ship that blocked the Suez Canal in March, said on Monday a reduced compensation claim made by the Egyptian authorities for almost $600 million to free the vessel and cover related …

Pandemic’s Labor Reshuffle Likely Just Starting For US Workers

WASHINGTON — If the coronavirus pandemic produced its own brand of anxiety for American workers trying to stay healthy while balancing job and family demands, the coming return to “normal” will pose a new set of challenges. Like whether to …

US Opens Probe of Steering Problems in Honda Accord Sedans

DETROIT (AP) — The U.S. government’s auto safety agency is investigating multiple complaints about steering failures that could affect more than 1.1 million Honda Accord sedans. In documents posted Monday, the National Highway Traffic Safety Administration says it received 31 …

Cyberattack on US Pipeline Is Linked to Criminal Gang

NEW YORK (AP) _ The cyberextortion attempt that has forced the shutdown of a vital U.S. pipeline was carried out by a criminal gang known as DarkSide that cultivates a Robin Hood image of stealing from corporations and giving a …