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Vermont Supreme Court Revives COVID-19 Business Interruption Insurance Claim
The Vermont Supreme Court has kept alive a COVID-19 business interruption loss claim by major shipbuilder against a group of reinsurers. The state’s high court ruled that the case brought by Huntington Ingalls Industries Risk Management and its captive insurer …
POSTED SEPTEMBER 26, 2022 12:23 PM |
Australia Plans to Toughen Privacy Rules After Massive Cyber Attack on Optus
Australia plans to toughen privacy rules to force companies to notify banks faster when they experience cyber attacks, Prime Minister Anthony Albanese said on Monday, after hackers targeted the country’s second-largest telecoms firm. Optus, owned by Singapore Telecoms Ltd., said …
POSTED SEPTEMBER 26, 2022 11:49 AM |
Global Financial Firms Reassess Risks of Operating in China if Taiwan Tensions Escalate
Global financial firms, still smarting from multi-billion-dollar losses in Russia, are now reassessing the risks of doing business in Greater China after an escalation of tensions over Taiwan. Lenders including Societe Generale SA, JPMorgan Chase & Co. and UBS Group …
POSTED SEPTEMBER 26, 2022 9:35 AM |
Typhoon Noru Batters Philippines, Killing 5 and Leaving Millions Without Power
Typhoon Noru battered the Philippines’ main Luzon island, killing five rescuers and leaving millions of people without electricity. The fatalities were recovered from a flooded area in Bulacan province north of Manila, according to a local police report. The entire …
POSTED SEPTEMBER 26, 2022 8:12 AM |
Hurricane Fiona Hits Nova Scotia as One of Region’s Strongest Storms
Fiona, the most powerful storm of this year’s Atlantic hurricane season, roared ashore in eastern Nova Scotia early Saturday as one of the strongest systems ever to hit the region, knocking out power, toppling trees and forcing residents to flee. …
POSTED SEPTEMBER 26, 2022 7:52 AM |
NOAA: 6th Warmest August on Record
August 2022 was the world’s sixth-warmest August in 143 years, according to scientists at NOAA’s National Centers for Environmental Information. The warm August wrapped up the Northern Hemisphere’s second-hottest meteorological summer on record. Climate by the numbers August 2022 The …
POSTED SEPTEMBER 26, 2022 5:55 AM |
Head-Injured Alabama Worker May Get Comp Claim, Despite Mediation Barring It
An electrician sustains a head injury on the job. He signs a mediation agreement absolving the employer of any workers’ compensation liability while he pursues a tort action against the warehouse owner. Five years later, the man’s guardian files a …
POSTED SEPTEMBER 26, 2022 5:02 AM |
North Carolina Insurance Dept. Takes Over Investigation Into Furniture Plan Fire
An investigation into a fire that destroyed a 40-year-old furniture upholstery business in North Carolina has been turned over to the state Department of Insurance. Morgan Chair, a 25-employee company in Stanfield, North Carolina, was almost completely burned to the …
POSTED SEPTEMBER 26, 2022 5:01 AM |
Maine Opts Out of $440M Multistate Settlement With Juul
Maine has opted out of a $440 million multistate settlement with electronic cigarette maker Juul Labs in objection to certain conditions. Maine would have received roughly $11 million over six to 10 years under the agreement announced Sept. 6 that …
POSTED SEPTEMBER 26, 2022 5:00 AM |
Privacy Watchdog Suit Says California Utility Targeted Asians in Pot Searches
Extraordinary use of electricity has long been a telltale sign of illegal grow houses producing thousands of marijuana plants hidden in seemingly ordinary homes. But a lawsuit filed by a data privacy watchdog says a Northern California utility went too …
POSTED SEPTEMBER 26, 2022 5:00 AM |
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