National restaurant chain Chipotle Services, Inc. will pay $20,000 and furnish other relief to settle a U.S. Equal Employment Opportunity Commission (EEOC) religious harassment, retaliation, and constructive discharge lawsuit, the federal agency announced. The EEOC suit alleged that in July …
Severe Storm Threatens Central US With Heavy Rains, Tornadoes
Heavy rain, severe thunderstorms and the risk of tornadoes are threatening more than 40 million people from Michigan to Texas as a slow-moving cold front hovers over the region. There’s a rare high risk for damaging winds and long-lasting powerful …
Firm Issued Fake Insurance for Russian Oil Tankers, Norway’s Regulator Says
The insurance issued to dozens of aging oil tankers used by Russia to skirt international sanctions was bogus, according to Norwegian authorities now investigating the small firm behind the forged documents. Norway-registered Romarine AS purported to be an insurance provider …
Verisk Buy of Nasdaq Subsidiary Gains Access to Hundreds of Catastrophe Models
Verisk said today it has acquired Nasdaq subsidiary Simplitium Limited, the owner and operator Nasdaq Risk Modelling for Catastrophes (NRMC). NRMC is a software-as-a-service platform that supports an open ecosystem where specialized model partners make models, hazard data, and analytics …
Las Vegas Telsa Arson Suspect to Remain Jailed Until Trial
A man accused of setting fire to Tesla vehicles in Las Vegas will remain jailed until his trial on federal charges of arson and possessing an explosive device, a judge ruled Monday. U.S. Magistrate Judge Elayna Youchah concluded no pretrial …
Lemonade: 700K Customers on the Car Insurance Waitlist
While Allstate’s CEO Tom Wilson named GEICO and Progressive when asked about the ability to grow auto insurance in 2025 as competitors do the same, no one on Allstate or Progressive’s earning calls addressed competition from Lemonade. The insurtech recently …
Macy’s to Claw Back Executive Bonuses Due to Accounting Scandal
Macy’s Inc. is clawing back more than $600,000 in cash bonuses from executives after an accounting scandal led to inflated pay. The department-store operator tied executives’ cash bonuses to an earnings metric that turned out to be overstated by around …
Small Businesses Continue to Be Underserved by Cyber Insurers: CyberCube
Cyber risk analytics firm CyberCube in a report said the cyber insurance market continues to underserve small businesses although these businesses represent a significant share of the global economic output. “This protection gap presents both an opportunity and a responsibility …
Suspended Driver Facing Multiple Charges in Brooklyn Crash That Killed Mom, Kids
A woman is facing multiple charges after she crashed into a family out for a walk in Brooklyn, killing a mother and her two children in what New York City Mayor Eric Adams described as a “tragic accident of a …
UK to Compel 1,000 Firms to Shore Up Cyber Defenses After Hacks
The UK government will pass legislation compelling companies providing IT services to critical national infrastructure to improve their cyber defenses after a wave of attacks by Russia, China, Iran and North Korea. As many as 1,000 firms will fall under …