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

Utility Investors Wary of Exposures After Buffet’s PacifiCorp Held Liable for Wildfires

Destructive wildfires are now an almost routine part of summer in the American West, and electrical utilities have likewise become used to having their power lines and equipment blamed for igniting the blazes. But a jury verdict last month ordering …

Ukraine Plea to Keep Grain Moving Clashes With Reality Facing Insurers, Shippers

Ukraine is pushing for grain exports to continue from key ports following Russia’s withdrawal from the Black Sea grain deal. Insurers and shippers aren’t so sure. Russia’s termination of the pact this week means that it will no longer guarantee …

Australia’s Fortescue Hit by Cyber Attack That Disclosed Some Network Data

Fortescue Metals Group Ltd. said it had been subject to a cyber attack that resulted in “the disclosure of a small portion of data from our networks.” The world’s fourth-largest iron ore exporter described the attack as “a low impact …

US Auto Safety Regulators Open Special Probe Into Fatal Tesla Crash

U.S. auto safety regulators are opening a special crash investigation into a fatal accident in California involving a 2018 Tesla Model 3 suspected of relying on advanced driver assistance systems, the government agency said on Tuesday. The National Highway Traffic …

UK’s Post-Brexit Access to EU Financial Markets Still Unclear, EU Official Says

It is too early to tell if Britain’s financial rules post-Brexit will diverge too far from European Union norms to consider giving it access to the bloc’s markets, a senior EU official said on Tuesday. Paulina Dejmek Hack, a director …

ALKEME Acquires Kansas’ Wiggins Farha, Ohio’s The Milestone Company

ALKEME recently acquired a pair of Midwestern agencies. ALKEME announced the acquisition of Wiggins Farha Insurance Group,a full-service insurance agency operating out of Wichita, Kansas. Wiggans Farha Insurance Group is an independent insurance agency serving the state of Kansas and …

China Poses ‘Alarming’ Threat to US Power Grid, Lawmakers Told

China represents an increasing threat to the US power grid, lawmakers were told Tuesday during a hearing in which they were warned a cyberattack from the nation could plunge military and other sensitive sites into darkness. “The Chinese activities are …

Estee Lauder Hit by Cyber Attack, With Some Business Operations Disrupted

Cosmetics maker Estee Lauder on Tuesday said a hacker had obtained some data from its systems, with the cyber incident causing, and expected to further cause, disruption to parts of the company’s business operations. The MAC Cosmetics owner was working …

J&J Must Pay $18.8M to California Cancer Patient in Baby Powder Suit

Johnson & Johnson’s must pay $18.8 million to a California man who said he developed cancer from exposure to its baby powder, a jury decided on Tuesday, a setback for the company as it seeks to settle thousands of similar …

Ideas Are ‘Being Floated’ on How to Get Ukraine, Russia Grain to World: UN

There are a “number of ideas being floated” to help get Ukrainian and Russian grain and fertilizer to global markets after Moscow quit a deal allowing the safe Black Sea export of Ukraine grain, the United Nations said on Tuesday. …