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Snowy Roads Lead to Hundreds of Crashes in Virginia, North Carolina

NORFOLK, Va. (AP) — Roads in Virginia and North Carolina remained treacherous Thursday as unusually heavy snow led to hundreds of accidents, including crashes on an interstate that involved more than 50 vehicles. Meanwhile, a polar vortex sent temperatures plunging …

EU Plans to Walk Back Key Planks of Toughest ESG Legislation

The European Commission is proposing a significant watering down of what was arguably its most consequential piece of ESG regulation. The European Union’s executive arm is proposing that the bloc amend eight main points in the scope of the Corporate …

COVID-Like Bat Virus Discovered by Researchers in Chinese Lab

Researchers at the Wuhan Institute of Virology in China said they discovered a new coronavirus in bats that enters cells using the same gateway as the virus that causes COVID-19. This virus hasn’t been detected in humans, merely identified in …

Bybit Hit by Crypto’s Worst Hack With Almost $1.5 Billion Stolen

Crypto exchange Bybit said it was hacked, resulting in what analysts estimate was the loss of almost $1.5 billion worth of tokens in the biggest theft ever committed in the industry. Researchers believe North Korean hackers were likely responsible. A …

EEOC Seeks to Drop Transgender Discrimination Cases

Signaling a major shift in civil rights enforcement, the federal agency that enforces workplace anti-discrimination laws has moved to dismiss six of its own cases on behalf of workers alleging gender identity discrimination, arguing that the cases now conflict with …

Berkshire Hathaway Removes Diversity and Inclusion From Annual Report

Warren Buffett’s Berkshire Hathaway on Saturday joined a growing list of American companies to publicly change their approach to discussing their commitment to diversity and inclusion. Berkshire’s annual report includes a section describing how the conglomerate’s 189 operating businesses, which …

Florida OIR Wants More Data, Warns Insurers About Concurrent Causation Denials

As consumer complaints have apparently mounted over unpaid hurricane losses, Florida’s top insurance regulator and some lawmakers are signaling new scrutiny on insurance carriers’ claims-handling and other practices. Florida Insurance Commissioner Michael Yaworsky late last week posted a memo, demanding …

How Better Water Systems Can Help a City Survive The Next Firestorm

Santa Rosa. Paradise. Boulder County. Lahaina. Los Angeles. All are places that have shown that American cities and their water systems weren’t built to withstand wildfire, experts say. Related: California Wildfire Mitigation And Recovery Bill Package Introduced Hydrants trickled. Pumps …

Washington Bill Would Provide Restitution for Policyholders Harmed by Insurers

A bill to allow the Washington’s insurance commissioner to order restitution for policyholders harmed by insurance companies moved out of the state Senate Business, Financial Services, and Trade Committee. Senate Bill 5331 gives the commissioner authority to require insurers to …

Buffett’s Berkshire Posts Record Profit on Insurance, Investments

Warren Buffett’s Berkshire Hathaway on Saturday said operating profit set a record in the fourth quarter and for the third straight calendar year, bolstered by improved underwriting and higher investment income in its insurance businesses. Much of that income came …

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