Patricia Wells

Norfolk Southern is seeking financial help from two companies to cover part of a $600 million settlement related to a train derailment in East Palestine, Ohio. This incident, which occurred on February 3, 2023, released toxic chemicals into the environment and led to a significant evacuation of the area. The railroad company has filed a … Read more

South Korean officials have reported progress in battling the country’s largest forest fire on record. As of Friday, rain and improved weather conditions have helped contain the main fires, allowing more helicopters to take to the skies and drop water on the flames. The wildfires, fueled by strong winds and dry conditions, have claimed the … Read more

The Federal Trade Commission (FTC) is raising concerns about the future of personal data held by 23andMe, a company known for its ancestry testing services, which recently filed for bankruptcy. FTC Chairman Andrew Ferguson expressed these worries in a letter to the U.S. trustee overseeing the bankruptcy process, emphasizing that any buyer of 23andMe’s assets … Read more

RYZE Claim Solutions has made a significant move by acquiring Acorn Claims, a company based in Springfield, Missouri. Acorn Claims specializes in handling daily and catastrophe claims across the United States. This acquisition is part of RYZE’s ongoing strategy to grow and improve its claims management services. The deal strengthens RYZE’s position in the claims … Read more

A group of Italian fund managers announced on Friday that they will nominate four candidates for the new board of Generali, Italy’s largest insurer. This development adds to the uncertainty surrounding a crucial shareholder vote set for April 24. The shareholder conflict at Generali comes amid significant changes in the Italian finance sector. Mediobanca, the … Read more

Lockton has shared its latest insights on the U.S. property and casualty insurance market, focusing on directors and officers (D&O) liability insurance. Their report shows that the market remains mostly favorable for buyers, especially for public companies, which saw a significant drop in insurance rates. According to the Lockton Market Update, D&O insurance rates for … Read more

Myanmar is grappling with the aftermath of a powerful earthquake that struck on Friday, claiming at least 144 lives. The quake, which measured 7.7 on the Richter scale, hit near Sagaing, a region in the northwest of the country. A second, smaller quake of 6.4 magnitude followed soon after. The military leader of Myanmar, Min … Read more

The U.S. Securities and Exchange Commission (SEC) is starting to bring on officials from Elon Musk’s new Department of Government Efficiency (DOGE). An email sent to SEC staff on Friday confirmed that the DOGE task force has reached out to the SEC, and these officials will be treated like SEC staff regarding access to networks, … Read more

Texas Attorney General Ken Paxton has announced an investigation into Superior HealthPlan, a Medicaid insurance provider in the state. The investigation follows serious allegations that the company engaged in illegal surveillance of Texans, including lawmakers and journalists. Superior HealthPlan, which provides Medicaid and Children’s Health Insurance Program coverage, is accused of hiring private investigators to … Read more

Hackers have breached Oracle Corp.’s systems, stealing patient data in an effort to extort various medical providers across the United States. This alarming incident was revealed by a source familiar with the situation and confirmed through a notification sent by Oracle to its clients. The breach occurred sometime after January 22, when hackers accessed Oracle’s … Read more