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Archive: August 2024

Racer Scott Bloomquist Remembered After Plane Crash in Tennessee
Insurance Journal | August 20, 2024
Racer Scott Bloomquist Remembered After Plane Crash in Tennessee
Scott Bloomquist, a dirt track race car driver who was known for his bravado and for being one of the sport’s best, died Friday in a plane crash on his family’s farm in Mooresburg, Tennessee, friends and local officials said. …
Trump Pitches $3 Billion in Condos at Miami-Area Golf Course
Insurance Journal | August 20, 2024
Trump Pitches $3 Billion in Condos at Miami-Area Golf Course
Donald Trump wants to sell more high-end condos in the US, this time using a famously difficult Florida golf course as a draw. The former president’s family business is seeking to build residences and retail inside the Trump National Doral …
Update: Taiwan’s CTBC Financial Plans to Buy Rival Shin Kong
Insurance Journal | August 20, 2024
Update: Taiwan’s CTBC Financial Plans to Buy Rival Shin Kong
Taiwan’s CTBC Financial Holding Co. said it plans to buy smaller rival Shin Kong Financial Holding Co., a move that could form the island’s largest financial conglomerate. Amid speculation swirling of a takeover, the Taipei-based firm announced it will file …
Storms Threaten Mediterranean From Sicily to Ionian Sea Islands
Insurance Journal | August 20, 2024
Storms Threaten Mediterranean From Sicily to Ionian Sea Islands
Thunderstorms are forecast across the Mediterranean from Corfu to Sicily, where a luxury yacht sank off the coast on Monday after being struck by a waterspout, a form of tornado. Orange storms alerts are in place for a swath of …
Morgan Stanley’s and Hiscox’s Bloomer Among Those Missing After Yacht Sinks
Insurance Journal | August 20, 2024
Morgan Stanley’s and Hiscox’s Bloomer Among Those Missing After Yacht Sinks
Morgan Stanley International chairman Jonathan Bloomer is among those confirmed missing by Italian authorities along with British tech entrepreneur Mike Lynch after the luxury yacht they were on board sank off the coast of Sicily early Monday. The head of …
The Era of Runaway Heat Records Is Here
Insurance Journal | August 20, 2024
The Era of Runaway Heat Records Is Here
Las Vegas set a heat record of 117 degrees Fahrenheit (47.2C) in 1942, and for 82 years no weather system could budge it. Thermometers registered the same temperature four more times, all since 2005, without setting a new high. Then …
T-Mobile Fined $60 Million Over Unauthorized Data Access
Insurance Journal | August 20, 2024
T-Mobile Fined $60 Million Over Unauthorized Data Access
A powerful U.S. committee that scrutinizes foreign investment for national security risks fined T-Mobile $60 million, its largest penalty ever, for failing to prevent and report unauthorized access to sensitive data, senior U.S. officials said on Wednesday. The penalty imposed …
Pilgrim’s Pride Agrees to $100M Settlement Over Chicken Farmers’ Pay
Insurance Journal | August 20, 2024
Pilgrim’s Pride Agrees to $100M Settlement Over Chicken Farmers’ Pay
Pilgrim’s Pride, one of the largest U.S. poultry processors, agreed to pay $100 million to settle claims it conspired with rivals to underpay chicken farmers, the final and by far the largest settlement in the seven-year-old antitrust case. A preliminary …
US State AGs Seek Treble Damages Against Live Nation for Concertgoers
Insurance Journal | August 20, 2024
US State AGs Seek Treble 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 …
Mississippi Poultry Plant Settles With OSHA After Teen’s 2023 Death
Insurance Journal | August 20, 2024
Mississippi Poultry Plant Settles With OSHA After Teen’s 2023 Death
HATTIESBURG, Miss. (AP) — A Mississippi poultry processing plant has agreed to a settlement with the U.S. Department of Labor that requires it to pay $164,814 in fines and put in place enhanced safety measures following the death of a …