Taiwan Life Insurers’ $700 Billion Bet on the US Is Backfiring
For decades, Taiwan’s life insurance companies boasted of above-average returns from their heavy investment in US bonds. That reliance is now a major risk threatening more than $700 billion of assets. Unlike insurers in other countries like Japan where diversification …
POSTED JUNE 12, 2025 9:10 AM |
Former Cowboys Player Charged in Dallas Crash That Killed Motorcyclist
Former NFL player Kelvin Joseph is facing charges for his involvement in a crash that killed a female motorcyclist on a Dallas-area freeway, The Dallas Morning News reported. Police in the Dallas suburb of Richardson said on social media that …
POSTED JUNE 12, 2025 9:00 AM |
Musk Pins Tesla’s Comeback on Robotaxis After Retreat From Feud
Tesla Inc. already had a lot riding on its highly anticipated robotaxi launch long before Elon Musk decided to swing a wrecking ball through his alliance with President Donald Trump — and the company’s share price. Now investors are looking …
POSTED JUNE 12, 2025 8:00 AM |
Manufacturer Fined $500K for Violating OSHA Rule Leading to Ohio Worker’s Death
Fabcon, a Delaware corporation with a manufacturing facility in Ohio, was sentenced to pay a $500,000 fine, the statutory maximum, after pleading guilty to willfully violating an Occupational Safety and Health Administration (OSHA) rule, the Department of Justice announced. In …
POSTED JUNE 12, 2025 8:00 AM |
Michigan State Reaches $30M Settlement With 3 Survivors of 2023 Mass Shooting
Michigan State University has reached settlements worth about $30 million with three students who survived a mass shooting in 2023, attorneys said Tuesday. Three students were killed and five more were wounded when a man with no connection to the …
POSTED JUNE 12, 2025 7:00 AM |
Long-Term Thinking and Scale Keys to Travelers Success: CEO Schnitzer
When an S&P Global Ratings executive asked the leader of Travelers how current challenges like tariff uncertainty, inflation, geopolitical risks influence the insurer’s strategy, Alan Schnitzer delivered an answer that Larry Wilkinson may not have expected. “Really not much,” said …
POSTED JUNE 12, 2025 5:10 AM |
The Trump Administration Keeps Denying Disaster Preparedness Aid to States
The Trump administration is increasingly skipping a form of federal disaster aid that helps states better prepare for future storms, flooding and wildfires. The Federal Emergency Management Agency rejected requests for such resiliency money, known as Hazard Mitigation Grant Program …
POSTED JUNE 12, 2025 5:02 AM |
Trump Says FEMA Phaseout to Begin After Hurricane Season
President Donald Trump said his team will move forward with winding down much of the Federal Emergency Management Agency—but not until after a hurricane season that some projections show could be particularly deadly. “We’re going to do it much differently,” …
POSTED JUNE 12, 2025 5:02 AM |
Florida-Based Regional Carrier Silver Airways Shutting Down Operations
Regional carrier Silver Airways announced Wednesday it is shutting down operations after a failed attempt at restructuring through bankruptcy, leaving some passengers stranded at airports in Florida, the Bahamas and the Caribbean. “Please do not go to the airport,” the …
POSTED JUNE 12, 2025 5:01 AM |
Disney, Universal Sue AI Image Creator Midjourney for Copyright Infringement
Walt Disney and Comcast’s Universal filed a copyright lawsuit against Midjourney on Wednesday, calling its popular AI-powered image generator a “bottomless pit of plagiarism” for its use of the studios’ best-known characters. The suit, filed in federal district court in …
POSTED JUNE 12, 2025 5:01 AM |