Russian Court Orders Volkswagen to Pay $193M in Damages to Russian Carmaker July 9, 2024 A Russian court has ordered Volkswagen to pay 16.9 billion roubles ($193 million) in damages to Russian carmaker GAZ Group,...
Most of Houston Loses Power as Hurricane Beryl Delivers Latest Blow July 9, 2024 By David R. Baker Much of Houston remained without power in Tropical Storm Beryl’s wake, and authorities warned the blackout could last days even...
EU Markets Watchdog Signals a Hard Line on New ESG Disclosures July 9, 2024 By Frances Schwartzkopff Europe’s financial markets watchdog said companies shouldn’t anticipate that the complexity of new ESG reporting requirements will excuse sloppy disclosures....
Earth Continues Streak of Record-Shattering Hot Months July 9, 2024 By Seth Borenstein Earth’s more than year-long streak of record-shattering hot months kept on simmering through June, according to the European climate service...
Abbott Faces Trial Over Claims Preterm Infant Formula Caused Dangerous Disease July 9, 2024 By Brendan Pierson Similac baby formula maker Abbott was expected to face a trial on Monday over claims that its formula for preterm...
Commercial Lines Not at Top of Cycle; ‘Thieves’ Fuel Social Inflation: CEOs July 9, 2024 By Susanne Sclafane It’s not waning market discipline but the scourge of social inflation that industry leaders of commercial lines insurance businesses see...
Can Insurers Sue School Boards for PIP Claim Reimbursement? Florida Courts Differ July 9, 2024 By William Rabb In 1997, Florida lawmakers tweaked the state’s personal injury protection or “no-fault” auto insurance law. The idea was to allow...
Homebuilders Cut on ‘Sluggish’ Housing Market, Florida Woes July 9, 2024 By Breanna T Bradham Homebuilder-stock analysts are increasingly worried about signs of softening in key hot spots like Florida and Texas. Lennar Corp. and...
OSHA Alleges Roofer Put Own Kids at Risk on Job July 9, 2024 The owner of a Liverpool, Pennsylvania roofing company risked the lives of two of his children by exposing them to...
California Earthquake Authority Selling Debt to Avoid Paying More for Coverage July 9, 2024 A state-managed earthquake insurer for homeowners in California is opting to borrow from the public debt market in lieu of...