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Nine Dead After South Korean-Flagged Vessel Capsizes off Japan, South Korea Says

At least nine people were killed when a South Korean-flagged vessel capsized off Japan, South Korea’s foreign ministry said on Thursday. Two South Korean nationals were among the dead, it said, adding that the Japanese coastguard had rescued an Indonesian …

UK Insurer Direct Line Posts Operating Loss as it Grapples With Auto Claims Inflation

Direct Line posted a 2023 operating loss as it grapples high motor claims inflation, but reinstated its dividend as the British home and motor insurer tries to fend off takeover offers from Belgian rival Ageas. The 189.6 million pound ($242.6 …

Texas Contractor Faces $257K Fine After Teenager’s Death in Trench Collapse

A Houston, Texas-area contractor is facing more than a quarter million dollars in fines after a federal investigation found the company’s willful regard for required safety procedures contributed to a teenager’s death when a a 15-foot trench wall collapsed on …

Markets/Coverages: Tech Firm Gabriel Partners With Re/insurer Chaucer and Crisis Mgmt Specialist to Offer Active Assailant Product

Gabriel, an Israel-based technology company that tackles the challenge of mass shootings and workplace violence threats, announced it has partnered with global specialty re/insurance group Chaucer and crisis management specialists Merrill Herzog to provide an active assailant insurance product designed …

Ohio’s Cedar Point Amusement Park Fined $50K in Age Discrimination Suit

An Ohio will pay $50,000 to settle an age discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. Cedar Fair, L.P., doing business as Cedar Point, and Magnum Management Corporation, which own, operate, and …

Chicago Sues Glock Over Proliferation of Illegal Machine Guns on City Streets

CHICAGO (AP) — The city of Chicago sued Glock Inc. on Tuesday, alleging the handgun manufacturer is facilitating the proliferation of illegal machine guns that can fire as many as 1,200 rounds per minute on the streets of the city. …

Somali Pirates’ Return Adds to Crisis for Global Shipping Companies

As a speed boat carrying more than a dozen Somali pirates bore down on their position in the western Indian Ocean, the crew of a Bangladeshi-owned bulk carrier sent out a distress signal and called an emergency hotline. No one …

German Cannabis Legalization Uncertainty Is Spooking Investors

Investors in Germany’s cannabis sector are holding back and some startups risk running out of cash amid uncertainty over whether a partial legalization of the drug for recreational use will take effect as planned on April 1. After the ruling …

Britain’s Financial Services Sector Faces Long Haul to Gender Parity, Report Says

Britain’s banks and other financial firms are boosting the number of women in senior management roles, but unless the pace quickens, it will take until 2038 to reach gender parity, the finance ministry said on Thursday. The ministry’s Women in …

US Warns That Hackers Are Carrying Out Disruptive Attacks on Water Systems

The U.S. government is warning state governors that foreign hackers are carrying out disruptive cyberattacks against water and sewage systems throughout the country. In a letter released Tuesday, National Security Advisor Jake Sullivan and Environmental Protection Agency Administrator Michael Regan …

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