Monthly Archives: <span>July 2016</span>

Massachusetts FAIR Plan Agrees to Refund Homeowners $350K

The Massachusetts Property Insurance Underwriting Association (FAIR Plan) has agreed to pay $350,000 to resolve allegations that it wrongly cancelled homeowners insurance policies over a four-year period, according to Attorney General Maura Healey. According to court documents, the residual market …

No Headgear for Olympic Boxers Worries Some

Although Antonio Vargas still thinks about the cut that nearly ended his Olympic dream, his unprotected head will be clear when he steps into the ring in Rio de Janeiro. Vargas grew up sparring and competing in protective headgear, so …

New York City Bank Thieves Stole $5M in Cash, Diamonds

Bank burglars reminded New York’s top police official of a Hollywood movie as they pulled off two nighttime heists, snatching about $5 million in cash, diamonds, jewelry, coins and baseball cards from safe deposit boxes before they were caught, authorities …

VW Gets Initial Approval for $14.7B U.S. Emissions Settlement

Volkswagen AG’s $14.7 billion settlement of its U.S. diesel emissions cheating scandal cleared another legal hurdle on Tuesday, as a federal judge gave the automaker preliminary approval to buy back up to 475,000 vehicles. U.S. District Judge Charles Breyer in …

Northeastern US Drought Could Last Months

At Lavoie’s Farm in New Hampshire, beans and corn haven’t broken through the ground yet and fields of strawberries are stunted. The drought that has taken hold in the Northeast is especially felt at John Lavoie’s farm in Hollis, presenting …

Officials Confirm Driver Was Speeding in Fatal Tesla Crash

Federal investigators probing the deadly wreck in Florida of a Tesla car that was using automated driving technology have found that the vehicle was speeding when it hit a truck. The U.S. National Transportation Safety Board said in a preliminary …

OSHA Penalties to Rise Nearly 80% Beginning August 1

Businesses that are found in violation of federal occupational safety and health laws will pay more in penalties starting Aug. 1. Under a law passed by Congress last year, penalties that were last adjusted in 1990 are going up nearly …

Business News: Solera Acquires Enservio, AIR Worldwide, AGCS

Solera to Acquire Enservio Solera Holdings, Inc., a global provider of cognitive technologies for the automotive and home ownership ecosystems, announced a definitive agreement to acquire 100 percent ownership of Enservio, Inc., a U.S. provider of SaaS-based software and services …

Hartford’s $1B Catalina Deal Offers Exit From Asbestos Risks

Hartford Financial Services Group Inc., the U.S. insurer that’s been narrowing its focus, agreed to sell U.K. operations with $1 billion of assets to Catalina Holdings Ltd. to exit risks tied to asbestos and environmental policies issued more than two …

South Carolina DOT Says $1.4B for Paving Poor Roads Isn’t a Complete Fix

South Carolina’s roads are so bad that drivers probably won’t notice the $1.4 billion worth of pavement resurfacing a new law provides over the next decade or so, Transportation Secretary Christy Hall said Thursday. “The new funding will essentially keep …