News
El Niño Conditions Likely to Continue Through Summer
There is a 66 percent chance that the Northern Hemisphere will see persisting El Niño conditions in the summer of 2019, the National Weather Service's Climate Prediction Center (CPC) said in its ...
Product Defect Lawsuit Filed Against U.S. Cos. in London’s Grenfell Tower Fire Disaster
Three U.S. companies have been slapped with a wrongful death and products liability lawsuit for manufacturing products linked to London's Grenfell tower fire. The fire, which has been called the ...
For years, the insurance industry has been working to reduce the friction that slows down underwriting, claims, and servicing. Now,...
Amid China Dispute, Canada Expands Credit Insurance for Canola Exporters
Ottawa increased the insurance coverage available for canola exporters, a government corporation said on Thursday, as it seeks to reduce trade risks amid a dispute with China. China halted purchases ...
Shipping Insurance Premiums Spike Following Tanker Attacks in Middle East
Insurance costs for ships sailing through the Middle East have increased by at least 10% after attacks on two tankers in the Gulf of Oman on Thursday, with the potential for costs to rise further as ...
Plaintiffs Suing Drug Firms Propose Including All U.S. Municipalities in Opioid Settlement
Lawyers representing county and municipal governments accusing drug manufacturers and distributors of fueling the U.S. opioid epidemic proposed a novel plan on Friday that would allow every community ...
Uber, Lyft Seek Compromise on Drivers’ Independent Contractor Status
Faced with legislation in California that endangers their business model, Uber Technologies Inc. and Lyft Inc. are urging a compromise that would keep their drivers from being considered employees. ...
Russian Hackers Believed to Be Probing U.S. Power Grids
A group of hackers that shut down a Saudi Arabian oil and natural gas facility in 2017 is now targeting electric utilities in the U.S. and Asia, according to cyber-security company Dragos Inc. The ...
U.S. Rainfall to Leave Farmers With Estimated 2.2 Million Unplanted Soy Acres
American farmers, already set to leave a record number of acres without corn, now face the prospect of also failing to plant soybeans because of rampant rainfall. Growers are expected to file ...