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Biden’s LNG-Permit Halt Challenged by 16 States in Lawsuit

Texas, Louisiana and more than a dozen other US states challenged the Biden administration’s suspension of new licenses to export natural gas via ocean-going tankers. A lawsuit filed against President Joe Biden and the US Department of Energy in Louisiana …

Apple Antitrust Suit Mirrors Strategy That Beat Microsoft, but Tech Industry Has Changed

The U.S. government’s antitrust lawsuit against Apple draws on the watershed 1998 case that broke Microsoft’s stranglehold on desktop software, but that may prove to be an imperfect blueprint for addressing smartphone competition. The market for the iPhone today looks …

Challenges to SEC’s Climate Rules Sent to Appeals Court

A U.S. judicial panel on Thursday consolidated at least nine lawsuits challenging the U.S. Securities and Exchange Commission’s new rules requiring public companies to report climate-related risks in a venue favored by Republican-led states and a business group. The St. …

Vermont Communities Hit by Summer Flooding Seek $3.5M to Elevate 20 Homes

Two of the Vermont communities hardest hit by last summer’s catastrophic flooding have requested $3.5 million in state funding to elevate 20 homes in Barre and the capital city of Montpelier for flood victims who still need safe places to …

China Scrutinizes PwC Role in $78 Billion Evergrande Fraud Case

Chinese authorities are examining the role of PricewaterhouseCoopers LLP in China Evergrande Group’s accounting practices after the developer was accused of a $78 billion fraud, ramping up pressure on the global accounting giant that audited a slew of developers before …

People Moves: Massaro Joins Hartford in Northeast; Alliant Adds Spina in New York

The Hartford, headquartered in Hartford, Connecticut, appointed Matthew Massaro head of sales and underwriting for its middle and large commercial businesses’ Northeast division. Massaro has been with The Hartford for over 25 years, most recently serving as regional vice president …

Yemen’s Houthis Tell China, Russia Their Ships Won’t Be Targeted

The Yemen-based Houthis have told China and Russia their ships can sail through the Red Sea and Gulf of Aden without being attacked, according to several people with knowledge of the militant group’s discussions. China and Russia reached an understanding …

Tech Update: Aon Launches Climate Risk Monitor to Aid Risk Mgmt, Renewal Decisions

Insurance broker Aon plc has launched its Climate Risk Monitor, a tool that helps clients visualize and understand their exposures to physical climate risk in order to enable better business decisions. The property insurance market is increasingly influenced by climate-related …

AM Best Downgrades, Withdraws Credit Ratings of Conifer Insurance Group

AM Best downgraded the Financial Strength Rating to C (Weak) from B+ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “ccc” (Weak) from “bbb-” (Good) of Conifer Insurance Co. and White Pine Insurance Co. They are subsidiaries of …

Apple, Meta, Google to Face EU Digital Markets Act Probes: Sources

Apple, Meta Platforms and Alphabet’s Google are set to be investigated for potential violations of the European Union’s Digital Markets Act (DMA) that could lead to hefty fines by the end of the year, according to people with direct knowledge …

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