Monthly Archives: <span>August 2019</span>

Union Pacific Worker In Texas Dies, Pinned Between Tankers

Investigators say a Union Pacific worker has died after being pinned between two railway tanker cars in Southeast Texas. The Jefferson County Sheriff’s Office says 39-year-old Travis Andrepont of Louisiana was killed before dawn Tuesday in Beaumont. Officials didn’t immediately …

Japan’s Tepco to Propose Decommissioning 5 Nuclear Reactors: Media

Tokyo Electric Power will submit to a municipal official on Monday a plan regarding the decommissioning of five reactors at its Kashiwazaki-Kariwa nuclear station, the world’s biggest atomic plant, Jiji Press said. Japan suffered its worst energy crisis since the …

California Utility Wants Help Paying Wildfire Victims

A troubled California utility company is asking the state Legislature to let it borrow money without paying taxes so it can compensate victims of a devastating wildfire caused by its equipment. Pacific Gas & Electric is facing up to $30 …

Fake Claims, Price Gouging, Bogus Contractors: How Fraudsters Steal Disaster Aid

As the scale and frequency of major disasters escalate, millions of dollars in federal, state and insurance payments intended for recovery efforts are being stolen by fraudsters taking advantage of chaos and the pipeline of aid flowing into the stricken …

Motor Vehicle Accident Fatalities Decline

The four-year upward trend in motor vehicle deaths that began in 2015 is ebbing, with the number of fatalities in the first six months of 2019 dropping 3% compared to the same six-month period in 2018. Preliminary estimates from the …

U.S. Lawmakers Urge Regulators to Treat Cloud Services as Players in Financial System

Two U.S. lawmakers have called on a top financial regulatory panel to consider direct oversight of the cloud services big tech companies provide to banks, saying they have become a critical component of the global financial system. In a letter …

New Business Up 20% at Insurer AIA on Hong Kong, China Sales

Asia-focussed insurer AIA Group Ltd on Friday posted a 20% rise in new business for the first half of the year, as it sold more insurance products in its main markets of Hong Kong and China. AIA’s new business value, …

Following Deadly Blast, Russia Launches Floating Nuclear Reactor

Russia’s Rosatom shipped its first floating nuclear-power reactor on Friday, setting the unit off on a barge journey among Arctic ice caps, raising concerns in the wake of a recent military accident that caused a brief spike in radiation. The …

China Tops List of U.S. Cybersecurity Agency’s Top Risks

A newly created U.S. cybersecurity agency said Thursday that China represents the greatest strategic risk to the U.S., and as a result, the agency’s top operational priority is reducing the risks from Chinese compromises to the global supply chain, including …

Allianz to Buy SulAmérica’s Auto, Other P/C Insurance Operations

Allianz has agreed to acquire automobile and other property/casualty insurance operations from Brazil’s SulAmérica for BRL 3 billion (667 million euros). Allianz said the acquisition will strengthen its competitive position in Brazil, making it one of the top three insurers …