Competitor Dies During Swimming Event of CrossFit Games at a Texas Lake
DALLAS (AP) — A Serbian competitor in the CrossFit Games died while competing in a swimming event Thursday morning at a Texas lake, officials said. CrossFit CEO Don Faul said during a news conference that they were “deeply saddened” and …
Athens Braces for Wildfire Flare-Ups as High Winds Return
Greek firefighters are working to bring the remnants of a huge wildfire near Athens under control, after wind speeds picked up again on Tuesday afternoon. The biggest blaze of the summer started northeast of the capital Sunday, fueled by strong …
Ford, Mazda Advise Against Driving Certain Models Over Takata Airbag Concerns
Ford Motor and Mazda issued advisories to drivers of certain vehicles still affected by faulty Takata airbags and inflators that can cause potentially severe or fatal injuries. The National Highway Safety Administration has previously warned that air bag inflators could …
Manufacturers Hit by Soaring Property Insurance Costs
James Kirsh expects the cost of the property and casualty insurance for his family-owned foundry in Wisconsin that makes cast iron parts for tractors and other equipment to at least double when it’s up for renewal this fall. He’s been …
Insured Losses From UK Riots Will Be Manageable, With Claims Below £250M: Report
Insured losses from recent riots in the United Kingdom are expected to remain at manageable levels with a limited impact on insurers’ credit profiles, according to credit agency Morningstar DBRS, in a market commentary. The main reason for manageable claims …
Report: 10 of Top U.S. Metros at Moderate to Very High Risk of Wildfire Are in California
Ten of the top 15 metropolitan areas for wildfire risk concentration are in California, while more than 2.6 million homes across 14 states with a total reconstruction cost of $1.3 trillion are at moderate to very high risk of wildfire …
House Explosion in Maryland Kills 2 and Damages Nearby Homes
Two people were killed and 12 families displaced after a Maryland house exploded Sunday amid reports of a possible gas leak, fire officials said. Neighbors described feeling and hearing the early morning blast that damaged a number of surrounding houses …
Thailand Races to Stop Toxic Waste Cargo on MSC, Maersk Ships
Thai authorities are racing to stop about 100 shipping containers allegedly filled with hazardous industrial waste from Albania reaching the nation’s ports. Basel Action Network, a US-based nonprofit that tracks toxic trade which precarviously alerted Malaysia to illegal e-waste shipments, …
Tech Update: Hiscox Launches GenAI-Powered Lead Underwriting Platform
Hiscox, the global specialist insurer, has launched the London insurance market’s first lead underwriting platform enhanced by generative AI, aiming to provide sabotage and terrorism insurance quotes to customers faster and more efficiently than ever before. Initially developed as a …
UK Cyber Spies Plan AI ‘Lab’ to Counter Hostile State Threats
UK spies are stepping up efforts to tackle cyber and artificial intelligence threats from hostile foreign states, including the sort of online manipulation that helped foment rioting across the country in the past 10 days. GCHQ, the UK’s national security …
Swiss-Based Engineering Firm Schlatter Says IT Network Affected by Cyberattack
Schlatter Industries’ network was attacked with malware on Friday and it can be assumed this was a professional attack, the Switzerland-based company said on Monday. The group was hit on Friday by a cyberattack using malware, and the unknown perpetrators …
Sica Fletcher Index: Agency-Broker M&A Down Slightly in First Half 2024
The 22 acquirers that make up the Sica Fletcher Index were involved in 242 agent-broker deals in the first six months of 2024, totaling $635 million in revenue. That is a 45% drop in revenue from what was acquired during …
SEC Sues Over Alleged $650 Million Global Crypto Fraud
The U.S. Securities and Exchange Commission on Monday sued the cryptocurrency company NovaTech and its married co-founders, saying they fraudulently raised over $650 million from more than 200,000 investors worldwide, including many Haitian-Americans. NovaTech and co-founders Cynthia and Eddy Petion …
Employer’s Clinic May Not be Protected by Workers’ Comp Remedy, SC Court Says
The South Carolina Court of Appeals has signaled that employers who offer on-site health clinics may not be immune from tort claims from injured or sickened workers. It’s the latest twist to a question that has bounced around courts and …
Prompted by Mass Shooting, Maine Implements New Gun Safety Laws
With eleventh hour guidance from the state, Maine gun retailers on Friday began requiring a three-day wait period for gun purchases under one of the new safety laws adopted following the state’s deadliest mass shooting. Maine joined a dozen other …
People Moves: Embroker Appoints Lea Chief Insurance Officer, Malm to COO; Ryan Specialty Promotes Lentz to President of RT Specialty High Net Worth
Embroker, headquartered in San Francisco, appointed Andrew (Andy) Lea chief insurance officer and promoted Kristy Malm to chief operating officer. Lea mas more than two decades of insurance experience. Beginning his career in insurance as an underwriter, he later served …
OSHA Says Alleged Fall Hazards Could Cost Adidas in New York Nearly $400K
Federal workplace safety officials say that Adidas America Inc. – maker of one of the world’s best-selling sneakers – faces almost $400,000 in penalties for allegedly continuing to ignore federal workplace safety standards. The Occupational Safety and Health Administration (OSHA) …
Residents in Alaska Capital Clean up Swamped Homes After Ice Dam Burst and Unleashed a Flood
In her yard under the blazing sun, Debbie Penrose Fischer leafed through a water-logged cookbook with sentimental value that she hoped to salvage but doubted she could. Nearby, friends helped carry boxes out of her family’s garage, which was inundated …
Court, Not Board, Must Decide If Insurer Was Negligent After Canceling Policy
Claims that a workers’ compensation insurer acted with negligence after it canceled a policy are for a court, not the state’s workers’ compensation board, to decide, the Connecticut Appellate Court has ruled. Liberty Mutual Insurance Co. had succeeded before both …
J&J Gets Plaintiff Backing for $6.5 Billion Baby Powder Accord
Johnson & Johnson has cleared a key hurdle for advancing a $6.5 billion plan to resolve thousands of lawsuits by people who say its baby powder gave them cancer, according to people familiar with the matter. More than 75% of …