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FAA Admits Faulure to Act on Warnings Before Jet-Copter Collision That Killed 67 People
The head of the Federal Aviation Administration will tell Congress on Tuesday the agency failed to act on warnings prior to the January 2025 fatal collision between an American Airlines regional jet and an Army helicopter that killed 67 people …
POSTED MAY 18, 2026 9:54 PM |
Michigan Secures $108M Settlement With Monsanto for PCB Contamination
Michigan Attorney General Dana Nessel has secured a $108 million settlement with Monsanto Company (PDF), the major manufacturer of polychlorinated biphenyls (PCBs), and affiliated companies Solutia Inc. and Pharmacia LLC to address harms from PCB contamination in the State of …
POSTED MAY 18, 2026 4:50 PM |
Business Moves: Vienna Insurance Purchases Nuernberger; Liberty Mutual Raises Stake in India Unit; Aon’s NFP Buys Irish Private Wealth Specialist; Gallagher Buys UK Law Firm
During this month, two insurers and two brokers have announced acquisitions in India and Europe. Details of these deals follow. Vienna Insurance Group Completes Purchase of Germany’s Nuernberger Vienna Insurance Group (VIG) has completed its acquisition of Nuernberger Beteiligungs AG …
POSTED MAY 18, 2026 4:44 PM |
Inszone Acquires Florida’s Coastal Insurance, Shepherd Moves to New Bradenton Office
California-headquartered Inszone Insurance Services has continued its hot streak of acquisitions with the purchase of Coastal Insurance Services in Florida and affiliated Optimal Insurance Solutions. The acquisition marks Inszone’s first step into the Florida market, the company said in a …
POSTED MAY 18, 2026 4:33 PM |
It’s a Good Thing? Martha Stewart to Get Into Home Insurance With Hint
Hint, a self-described “home management platform,” has launched with a $10 million seed round of funding and the original influencer of all things having to do with the home living. Well-known multimedia mogul and businesswoman Martha Stewart has co-founded Hint …
POSTED MAY 18, 2026 3:14 PM |
Investigation Launched into Fatal Small Plane Crash in Northeast Ohio
An investigation began Friday into what caused a small plane to crash into a house in northeast Ohio and explode into flames, killing both pilots aboard. The National Transportation Safety Board was leading the review in Akron, alongside the Federal …
POSTED MAY 18, 2026 3:11 PM |
Defense Department Delays Texas Wind Projects, Citing National Security Concerns
Dozens of wind projects in Texas are in limbo after the U.S. Department of Defense paused issuing routine federal permits citing national security concerns, a move that experts say expands the Trump administration’s crusade against wind energy. According to data …
POSTED MAY 18, 2026 3:08 PM |
Texas Chick-fil-A Franchisee Sued for Religious Discrimination
Hatch Trick, Inc., a Chick-fil-A franchisee operating multiple locations in Austin, Texas violated federal law by refusing to reasonably accommodate an employee’s request to refrain from working on Saturdays in observance of her Sabbath day and instead fired her, the …
POSTED MAY 18, 2026 3:03 PM |
CopperPoint Insurance to Acquire Surety Specialist General Indemnity Group
Boston-based General Indemnity Group (GIG), an insurance holding company specializing in commercial and contract surety, announced that it has agreed to be acquired by CopperPoint Insurance Co., a workers’ compensation and commercial insurance provider based in Phoenix. The transaction includes …
POSTED MAY 18, 2026 2:44 PM |
Miami Condo Developer Kapoor Changes Plea to Guilty in $89 Million Fraud Case
A prominent Miami real estate developer who once hired the city’s mayor as a $10,000-a-month consultant has pleaded guilty to money laundering and payroll-tax charges in a $89 million fraud scheme. Rishi Kapoor, who once led Location Ventures and URBIN …
POSTED MAY 18, 2026 2:32 PM |
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