Chicago Manufacturer Faces $1M Fine for Exposing Workers to Silica Dust
Federal safety inspectors became aware that a 31-year-old employee of a Chicago countertop manufacturer needed a double lung transplant after suffering accelerated silicosis ‒ an incurable lung disease – and the U.S. Department of Labor immediately alerted the company of …
Texas Officials Sued Over Anti-ESG Law Targeting Wall Street
The American Sustainable Business Council sued Texas officials in an effort to block a law that restricts state investments with certain financial firms because of their energy policies. The lawsuit filed Thursday in federal court in Austin, argues the 2021 …
Telegram Lawyer Says Investigation Into CEO Durov Is ‘Absurd’
A lawyer for Telegram boss Pavel Durov, who is the target of an unprecedented investigation in France, said on Thursday it was “absurd” to suggest the head of a social network was responsible for any criminal acts committed on the …
Dick’s Sporting Goods Reports Unauthorized Access to Information Systems
Dick’s Sporting Goods on Wednesday said it discovered unauthorized access to its information systems. In a filing with the U.S. Securities and Exchange Commission, Dick’s said it made the discovery of the cyberattack on Aug. 21 and immediately “activated its …
US P/C Insurance Industry Posts First H1 Underwriting Profit Since 2021
The U.S. property/casualty insurance industry recorded a net underwriting gain of $3.7 billion and net income of $94.6 billion for the first-half of 2024, according to a new report. “After years of consistent losses, premium growth is helping the overall …
Southern California Edison Seeks to Recover $1.6B of Wildfire-Related Losses
Southern California Edison, a unit of utility Edison International said on Thursday it was seeking approval for a settlement agreement to recover nearly 60% of losses related to wildfires and mudslides in 2017 and 2018. Under the agreement with the …
Alabama Shipbuilder Austal to Pay $24M to Settle Accounting Fraud Probe
MOBILE, Ala. (AP) — Austal USA, an Alabama-based shipbuilder that makes vessels for the U.S. Navy, has admitted wrongdoing and agreed to pay a $24 million fine to settle an accounting fraud investigation, the U.S. Department of Justice announced Tuesday. …
Inadequate Inspections and Oversight Cited in Fatal WV Helicopter Crash
CHARLESTON, W.Va. (AP) — Inadequate inspections by an operator and a lack of oversight by the Federal Aviation Administration were partly to blame for the crash of a Vietnam-era tourist helicopter that killed six people in West Virginia two years …
US Appeals Court Takes Aim at Big Tech Liability Shield
A US appeals court has struck down a long-standing argument from social media platforms: that a federal law grants them blanket immunity from being held accountable for user harms – even the wrongful death of children. In a ruling delivered …
Mosquito-Borne Encephalitis Virus Takes Life of New Hampshire Resident
A New Hampshire resident infected with the mosquito-borne eastern equine encephalitis virus has died, state health authorities said. The Hampstead resident’s infection was the first in the state in a decade, the New Hampshire Department of Health and Human Services …
Captain of Sunken Superyacht Declines to Answer Prosecutors’ Questions, Lawyer Says
The captain of a superyacht that sank during a storm off Sicily last week, killing seven people, decided not to respond to prosecutors’ questions Tuesday, his lawyer said. James Cutfield, a 51-year-old New Zealand national, is under investigation for possible …
Hedge Fund Fermat Says Returns Took a Hit Amid Catastrophe Bond Selloff
Fermat Capital Management, one of the world’s biggest investors in catastrophe bonds, says anxiety about this year’s hurricane season has already left a meaningful dent on returns. “Returns in May were low and even negative for a lot of funds,” …
Court Tosses Missouri Law That Banned Police From Enforcing Federal Gun Laws
COLUMBIA, Mo. (AP) — Federal appellate judges overturned a Missouri law Monday that banned police from enforcing some federal gun laws. The 8th U.S. Circuit Court of Appeals found the Missouri law violated a section of the U.S. Constitution known …
Romanian Government Plans Drought Insurance Scheme for Farmers
The Romanian government plans to approve an insurance system for agricultural land as part of a series of measures to help farmers whose crops have been ravaged by drought, Agriculture Minister Florin Barbu said on Wednesday. Romania is among the …
EU Mission in Red Sea Says no Oil Spill From Tanker Damaged in Houthi Attack
The European Union’s mission in the Red Sea said on Wednesday there was no oil spill in the waters near the Greek-flagged tanker hit by a fiery Houthi militant attack off Yemen’s coast. The mission, called Aspides, added that the …
Houthis Say Tugs Can Tow Away Stricken Oil Tanker Attacked in Red Sea
Yemen’s Houthi militants said they’ll let tugboats tow away an oil tanker that they attacked last week in the Red Sea, a step that might to help avert an environmental disaster. The 900-foot Sounion was hauling 150,000 tons of dense …
Millions Evacuated as Typhoon Slams Southwest Japan, Halting Flights and Factories
Millions of people were told to evacuate from their homes as Typhoon Shanshan lashed southwest Japan with strong winds and heavy rain on Thursday, knocking out power, snarling air traffic and forcing major factories to close. At least three people …
Weathering the Storm: How IBHS Is Revolutionizing Building Safety
I recently watched the new movie Twisters starring Daisy Edgar-Jones and Glen Powell, which gives viewers a fantastic and frightening look at the damage tornadoes and severe weather can cause to American communities. Early in the film, storm chaser/scientist Javi, …
Converge Insurance CEO Talks Focus, Innovation and Perseverance
Converge Insurance CEO Tom Kang said one of his most important pieces of advice for other InsurTechs is a seemingly obvious but often overlooked point, and that is to remember the insurance part of InsurTech. “Maybe this is an obvious …
Listeria Outbreak Linked to Deli Meats Claims 5 More Lives, CDC Says
The U.S. Centers for Disease Control and Prevention said on Wednesday that a Listeria outbreak linked to deli meats has resulted in 14 new illnesses and five additional deaths. This brings the total to 57 cases, all of which required …
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