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

sureti joins Guidewire Insurtech Vanguards Program

Carlsbad, Calif., Feb. 27, 2023 — sureti, a premier third-party Fund Control company in the Property Insurance Claim ecosystem, announced today the company has joined the Guidewire Insurtech Vanguards Program, an initiative led by property and casualty (P&C) cloud platform …

Cause of Derailment of Honey, Ethanol-Hauling Train in Minnesota Under Investigation

A train hauling ethanol and corn syrup derailed and caught fire in Minnesota early Thursday and nearby residents were ordered to evacuate their homes, authorities said. The BNSF train derailed in the town of Raymond, roughly 100 miles (161 kilometers) …

Many to Blame for Silicon Valley Bank Failure, Fed Official Tells Congress

The scope of blame for Silicon Valley Bank’s failure stretches across bank executives, Federal Reserve supervisors and other regulators, the banking system’s top cop on Wednesday told U.S. lawmakers demanding answers for the lender’s swift collapse. “I think that any …

Walmart Faces Second U.S. Lawsuit in Week Over Treatment of Workers With Disabilities

Walmart Inc. was sued on Thursday by the U.S. Equal Employment Opportunity Commission (EEOC), the agency’s second lawsuit this week accusing the largest U.S. retailer of discrimination against workers with disabilities. The EEOC said Walmart illegally demoted Calvin Hagan for …

Chocolate Factory Blast a Deadly Reminder of Food Plant Combustion Risks

Last week’s fatal blast at a Pennsylvania chocolate factory highlighted the combustibility of food plants in general and chocolate making in particular. The powerful explosion at 75-year-old R.M. Palmer Co. – which makes chocolate eggs, bunnies, bars, coins and other …

Real Estate Brokerages Face Class Action Over Commissions

A federal judge in Chicago on Wednesday ruled that home sellers accusing the National Association of Realtors and a group of real estate brokerages of conspiring to inflate commission rates can move forward as a class action. U.S. District Judge …

Brazilian Miner Vale to Pay $56 Million Over U.S. Regulator Dam Safety Charges

Brazilian mining firm Vale SA agreed to pay $55.9 million to settle charges related to allegedly false and misleading disclosures about the safety of its dams prior to a 2019 dam collapse in Brazil that killed 270 people, the U.S. …

Dollar General Targeted by U.S. for Systemic Work Hazards

Dollar General Corp.’s stores are as ubiquitous in small-town America as Starbucks cafes in cities and suburbia. And just like the coffee giant, it’s facing increasing criticism over worker treatment that could disrupt one of the retail industry’s most successful …

Russia Still Uses Western Insurance for Half of Oil Shipments

Russia still relies on Western insurers to cover more than half of the tanker fleet that exports its oil, according to data compiled by Bloomberg, and the country’s energy officials are voicing concerns about the situation. The Group of Seven …

Florida Citizens Property Wants Appraisers to be Licensed Adjusters

Citizens Property Insurance Corp. has weighed in on a question that could shake up the appraisal process in Florida insurance claims disputes, urging state regulators to require that appraisers be licensed adjusters. In a motion to intervene in a petition …