News

Favre Wants Appeals Court to Reinstate Defamation Suit vs. Shannon Sharpe

NEW ORLEANS (AP) — Lawyers for retired NFL quarterback Brett Favre asked a federal appeals court Tuesday to revive a defamation lawsuit Favre filed against a fellow Pro Football Hall of Fame member, former tight end Shannon Sharpe, amid the …

Florida, Environmental Groups Settle Lawsuit Over Massive Phosphate Leak

ST. PETERSBURG, Fla. (AP) — Environmental groups and Florida regulators have settled a lawsuit over the 2021 leak of millions of gallons of polluted water from a phosphate plant reservoir into Tampa Bay, which triggered major fish kills and the …

French Shipping Company CMA CGM Loses 44 Containers in Tough Weather

French shipping and logistics company CMA CGM said on Thursday that its ship “Benjamin Franklin” had lost 44 containers in difficult weather conditions off the coast of South Africa on Tuesday. “No injury to the crew has been reported, no …

Aviva Completes Acquisition of Probitas, Re-entering Lloyd’s After More Than 20 Years

UK insurer Aviva announced it has completed the acquisition of Probitas Holdings (Bermuda) Ltd., which marks the company’s return to the Lloyd’s market after a hiatus of more than 20 years. The deal with Probitas, first announced in March, was …

Damage From Hurricane Beryl May Cost Insurers $2.7B in US, $510M in Caribbean: KCC

Insurers in the United States may take a hit of about $2.7 billion from damage caused by Hurricane Beryl, catastrophe modeling company Karen Clark & Co (KCC) said on Thursday. About 1.5 million customers remained without power in Texas on …

Global Reserve Managers Upbeat on Growth but Worry About Geopolitical Risks

An escalation in geopolitical conflicts is the biggest risk to the global economy, according to central bank reserve managers, who are generally positive about the world’s economic outlook, according to an annual survey released on Thursday. The UBS Asset Management …

Elon Musk Beats $500 Million Severance Lawsuit by Fired Twitter Workers

Elon Musk won dismissal of a lawsuit claiming he refused to pay at least $500 million of severance to thousands of Twitter employees he fired in mass layoffs after buying the social media company now known as X. U.S. District …

Hurricane Beryl Triggers Record Payout for Caribbean Insurer

Hurricane Beryl’s path of destruction through the Caribbean last week triggered a record $44 million payout to the nation of Grenada from a regional catastrophe insurance fund. The Caribbean Catastrophe Risk Insurance Facility, or CCRIF, said it will be paying …

Biden Administration Raises FEMA Bar for Flood Resilience

The US Federal Emergency Management Agency (FEMA) has finalized a rule mandating that projects built using its funds not only take into account previous and current levels of local flood risk, but for the first time consider the future risk …

3 People Killed by Faulty Replacement Air Bag Inflators in Last 9 Months: NHTSA

A U.S. auto safety regulator said on Wednesday that three people have been killed and two seriously injured in the last nine months by low-cost faulty replacement air bag inflators. The National Highway Traffic Safety Administration urged used car buyers …

News Archives by Month