Monthly Archives: <span>June 2021</span>

Amazon CEO Bezos Volunteers for Risky Space Travel Journey in June

Amazon’s billionaire founder Jeff Bezos said on Monday he and his brother Mark will fly on the first crewed space flight from his rocket company Blue Origin next month. “Ever since I was five years old, I’ve dreamed of traveling …

NRA Drops Countersuit, Will Fight New York Attorney General in State Court

The National Rifle Association has dropped a lawsuit accusing New York’s attorney general of suing the gun rights group last year out of political hostility, opting to challenge her through counterclaims in the same court where her case is playing …

Diocese of Buffalo Suspends Three Priests Amid Sex Abuse Claims

Three priests have been placed on leave in response to claims in a lawsuit filed last month that they sexually abused a boy in the 1990s, the Diocese of Buffalo announced Saturday. Bishop Michael Fisher said the priests all “deny …

GM Offering Onstar Service to All Drivers Through App; Options Include Insurance

General Motors Co. plans to offer subscriptions for its Onstar Guardian security services to anyone in the United States or Canada who wants to download a smartphone app, expanding beyond owners of GM vehicles in a step to generate recurring …

50 Investors Urge Ethical Development of Facial Recognition Technology

A group of 50 investors managing more than $4.5 trillion in assets is calling on companies involved in the development and use of facial recognition technology, such as Amazon and Facebook, to do so in an ethical way. The investor …

Bank of England Launches Climate Change Stress Test for Insurers, Banks

The Bank of England on Tuesday set out its first comprehensive stress test of the ability of the British financial system to cope with climate change, saying the results will not be used to determine capital requirements for now. The …

Contaminants from Sri Lanka Ship Wreck Could Cause Wide-Reaching Damage

Contaminants released from the wreckage of a container ship off the coast of Sri Lanka could be dragged thousands of kilometers by ocean currents, impacting wildlife and humans in far-reaching latitudes. Authorities and salvage crews are now working to prevent …

Failure of Many ‘Zombie’ Companies Likely to Keep Insurance Rates Rising: Swiss Re

The expectation that hundreds of so-called zombie companies will fail over the next few years and drag on the economy is among the major concerns prompting insurers to reduce risk and charge higher premiums, a trend likely to continue as …

FBI Recovers Most of Bitcoin Ransom Paid by Colonial Pipeline

The U.S. recovered almost all the Bitcoin ransom paid to the perpetrators of the cyber attack on Colonial Pipeline Co. last month in a sign that law enforcement is capable of pursuing online criminals even when they operate outside the …

Florida Top Court Says Insurer Can Pursue Malpractice Claim Against Defense Law Firm

Attorneys who are hired by insurance carriers to defend policyholders from lawsuits have a duty to represent the insured, but the insurer is paying their fees. Obviously, the insurer has a financial interest in the outcome of the litigation. The …