Monthly Archives: <span>May 2023</span>

SEC Seeks to Recover Funds from NC Insurance Agent’s Alleged Investment Scam

The U.S. Securities and Exchange Commission has asked a federal court to bar a North Carolina insurance agent and financial advisor from trading securities and to disgorge ill-gotten gains from a real estate scam, according to court papers filed Tuesday. …

Markets/Coverages: U.S. Cannabis-Focused MGU Opens for Business in Europe

The North American managing general underwriter CannGen Insurance Services (CannGen) has launched a European operation amid expectations that the continent’s legal cannabis market is set for substantial growth. CannGen Insurance Europe SRL (CGEU) now operates as a property/casualty MGU, providing …

U.S. Warns China Could Hack Infrastructure, Including Pipelines, Rail Systems

The U.S. State Department has warned that China was capable of launching cyber attacks against critical infrastructure, including oil and gas pipelines and rail systems, after researchers discovered a Chinese hacking group had been spying on such networks. A multi-nation …

Maryland AG Sues 3M, DuPont, Other Manufacturers Over ‘Forever Chemicals’

Maryland Attorney General Anthony G. Brown has filed two lawsuits seeking to hold multiple chemical manufacturers accountable for contamination of the state’s natural resources and harm to public health from their so-called “forever chemicals” that have been used in many …

$3.1M Settlement Reached in Fatal Shooting of Black Man in Washington

Officials in Tacoma, Washington, will pay $3.1 million to the family of a Black man who was fatally shot by police during a traffic stop in 2019. The City Council announced the settlement with the relatives of 24-year- old Bennie …

Supreme Court Turns Away Social Media Sex Trafficking Case

The US Supreme Court turned away an appeal from victims of child pornography who claimed Reddit Inc. knowingly facilitates and benefits from images of child sexual abuse. The justices without comment left in place a ruling that affirmed Reddit can’t …

California Overtime Law Threatens Use of Grazing Goats to Prevent Wildfires

Hundreds of goats munch on long blades of yellow grass on a hillside next to a sprawling townhouse complex. They were hired to clear vegetation that could fuel wildfires as temperatures rise this summer. These voracious herbivores are in high …

Suspected State-Backed Hackers Hit Series of New Targets in Europe, SE Asia

A hacking group suspected of ties to an Asian government has broadened its targets to government agencies in countries including Indonesia and Thailand, carrying out cyber-espionage as recently as April, cybersecurity firm Group-IB says. The perpetrators, dubbed Dark Pink by …

Former HealthSouth CEO Scrushy Denies Hiding Millions of Dollars

The man who once led HealthSouth, a huge provider of outpatient rehab services, including therapy for injured workers, has been ordered to turn over records related to a bank account that lawyers say he’s using to hide millions. In a …

Eight Months After Ian, Struggles Continue for Swamped Florida Residents

Eight months ago, chef Michael Cellura had a restaurant job and had just moved into a fancy new camper home on Fort Myers Beach. Now, after Hurricane Ian swept all that away, he lives in his older Infiniti sedan with …