Monthly Archives: <span>August 2024</span>

Report: Auto Insurance Shopping Continued to Rise, but Rates Stabilized in Q2

Auto insurance shopping volume set a new record for the second consecutive quarter, according to a new report that shows the number of U.S. consumers shopping for auto insurance was up 7% compared to the same period a year ago. …

Beryl-Battered Grenada Becomes First to Utilize Government Bond Hurricane Clause

Grenada has become the first country in the world to use a so-called hurricane clause in a government bond — a special feature that allows authorities to postpone debt payments in the wake of a major natural disaster. The move …

U.S. State AGs Seek Triple Damages Against Live Nation for Concertgoers

Attorneys general from about two dozen U.S. states are seeking treble damages against Live Nation Entertainment and its ticket-selling unit, Ticketmaster, for allegedly monopolizing markets across the live concert industry in an updated version of a lawsuit originally filed in …

Texas Grid Faces Biggest Test of Summer With Extreme Heat

Texas is facing its biggest test of the summer this week to keep the power on — and air conditioners running — as temperatures hit triple digits and push electricity consumption to all-time highs. Power use on the state grid …

Disney Argues Wrongful Death Suit Should Be Tossed Because Plaintiff Signed Up For a Disney+ Trial

Does signing up for Disney’s popular streaming service mean you have agreed to never sue the entertainment giant over anything forever? That is what Disney argues in a wrongful death lawsuit involving a 42-year-old New York doctor whose family claims …

U.S. Lawmakers Urge Probe of WiFi Router Maker TP-Link Over Fears of Chinese Cyber Attacks

Two U.S. lawmakers want the Biden administration to probe China’s TP-Link Technology Co and its affiliates for potential national security risks from their widely used WiFi routers over fears they could be used in cyber attacks against the U.S. Republican …

Hidden Report Reveals Worker Illnesses From Ohio Derailment Cleanup

The creeks around East Palestine, Ohio, were so badly contaminated by last year’s disastrous Norfolk Southern derailment that some workers became sick during the cleanup. Workers who reported headaches and nausea — while shooting compressed air into the creek bed, …

BMW, Venture to Recall 1.36M Cars in China Due to Airbag Risks, Regulator Says

German automaker BMW and its joint venture will recall a combined 1.36 million locally produced and imported cars in China due to potential risks with the Takata airbag, China’s market regulator said on Friday. The recalls, effective immediately, are for …

The Huge Profits Investors Have Made on Catastrophe Bonds Are Raising Eyebrows

A strategy that’s delivered specialist investors huge returns is now facing scrutiny, amid concerns that its risk-reward dynamics might be skewed against some issuers. Catastrophe bonds, which are issued by insurers, reinsurers and governments seeking an extra layer of disaster …

Attorneys General Get $4.5M from Biotech Company for Breach That Exposed Health Info on Millions

New York Attorney General Letitia James and the attorneys general of Connecticut and New Jersey secured $4.5 million from Enzo Biochem Inc. for failing to safeguard the personal and private health information of its patients. Enzo is a biotechnology company …