Monthly Archives: <span>May 2022</span>

Insurance Premiums Surging for Ukraine War-Exposed Business: Sources

Insurance premiums are doubling or more for some aviation and marine business particularly exposed to the war in Ukraine, increasing costs for airline and shipping firms, industry sources say. Global commercial insurance premiums rose 11% on average in the first …

EU Leaders Agree to Pursue Ban on Most Russia Oil; Insurance Prohibition Delayed

European Union leaders agreed to pursue a partial ban on Russian oil, paving the way for a sixth package of sanctions to punish Russia and its president, Vladimir Putin, for the invasion of Ukraine. The sanctions would forbid the purchase …

Insurer FWD Delays $1 Billion Hong Kong IPO: Sources

Asian insurer FWD Group has delayed its $1 billion Hong Kong initial public offering (IPO) because of volatile financial markets, according to three sources with direct knowledge of the matter. FWD declined to comment. The sources could not be named …

As Uvalde Parents Seethe, Recourse Against Police May Be Limited

Texas police accused of bungling the response to a mass shooter in an Uvalde school where 19 children and two teachers were killed aren’t likely to be held liable in a civil court, benefiting from broad immunity granted government entities. …

Jury’s Duty in Depp-Heard Trial Doesn’t Track Public Debate

A seven-person civil jury in Virginia will resume deliberations Tuesday in Johnny Depp’s libel trial against Amber Heard. What the jury considers will be very different from the public debate that has engulfed the high-profile proceedings. For six weeks, testimony …

National Grid Worker Electrocuted at Massachusetts Worksite

A 35-year-old employee of utility National Grid died at the hospital after he was electrocuted at a work site in Massachusetts early Thursday, officials said. The worker was alone in an electrical box in Medford when he was electrocuted at …

Rhode Island Becomes 19th State to Legalize Recreational Marijuana

Rhode Island’s governor signed legislation Wednesday making the state the 19th in the nation to legalize and regulate recreational marijuana, an issue that some lawmakers have been working on for years. “Together we got this job done and we got …

California Transit Agency Failed to Stop Gunman, Lawsuit Charges

One year after a problem employee shot and killed nine coworkers in a rampage at a light rail yard, the family of one of the victims filed a lawsuit alleging negligence and wrongful death by the Northern California transportation agency, …

McDonald’s Investors Demand Civil Rights Audit in Close Vote

McDonald’s Corp. investors voted in favor of a proposal calling for an independent civil-rights audit, going against the company’s recommendation, according to preliminary vote totals viewed by Bloomberg. The fast-food chain joins the ranks of other large businesses facing a …

Recreational Marijuana Validated for Ballot in South Dakota

South Dakota voters are set to vote again on whether they want recreational marijuana legalized for adults after the secretary of state on Wednesday validated the initiated measure for the November ballot. Secretary of State Steve Barnett announced that a …