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Dick’s Sporting Goods Reports Unauthorized Access to Information Systems

Dick’s Sporting Goods on Wednesday said it discovered unauthorized access to its information systems. In a filing with the U.S. Securities and Exchange Commission, Dick’s said it made the discovery of the cyberattack on Aug. 21 and immediately “activated its …

US P/C Insurance Industry Posts First H1 Underwriting Profit Since 2021

The U.S. property/casualty insurance industry recorded a net underwriting gain of $3.7 billion and net income of $94.6 billion for the first-half of 2024, according to a new report. “After years of consistent losses, premium growth is helping the overall …

Southern California Edison Seeks to Recover $1.6B of Wildfire-Related Losses

Southern California Edison, a unit of utility Edison International said on Thursday it was seeking approval for a settlement agreement to recover nearly 60% of losses related to wildfires and mudslides in 2017 and 2018. Under the agreement with the …

Alabama Shipbuilder Austal to Pay $24M to Settle Accounting Fraud Probe

MOBILE, Ala. (AP) — Austal USA, an Alabama-based shipbuilder that makes vessels for the U.S. Navy, has admitted wrongdoing and agreed to pay a $24 million fine to settle an accounting fraud investigation, the U.S. Department of Justice announced Tuesday. …

Inadequate Inspections and Oversight Cited in Fatal WV Helicopter Crash

CHARLESTON, W.Va. (AP) — Inadequate inspections by an operator and a lack of oversight by the Federal Aviation Administration were partly to blame for the crash of a Vietnam-era tourist helicopter that killed six people in West Virginia two years …

US Appeals Court Takes Aim at Big Tech Liability Shield

A US appeals court has struck down a long-standing argument from social media platforms: that a federal law grants them blanket immunity from being held accountable for user harms – even the wrongful death of children. In a ruling delivered …

Mosquito-Borne Encephalitis Virus Takes Life of New Hampshire Resident

A New Hampshire resident infected with the mosquito-borne eastern equine encephalitis virus has died, state health authorities said. The Hampstead resident’s infection was the first in the state in a decade, the New Hampshire Department of Health and Human Services …

Captain of Sunken Superyacht Declines to Answer Prosecutors’ Questions, Lawyer Says

The captain of a superyacht that sank during a storm off Sicily last week, killing seven people, decided not to respond to prosecutors’ questions Tuesday, his lawyer said. James Cutfield, a 51-year-old New Zealand national, is under investigation for possible …

Hedge Fund Fermat Says Returns Took a Hit Amid Catastrophe Bond Selloff

Fermat Capital Management, one of the world’s biggest investors in catastrophe bonds, says anxiety about this year’s hurricane season has already left a meaningful dent on returns. “Returns in May were low and even negative for a lot of funds,” …

Court Tosses Missouri Law That Banned Police From Enforcing Federal Gun Laws

COLUMBIA, Mo. (AP) — Federal appellate judges overturned a Missouri law Monday that banned police from enforcing some federal gun laws. The 8th U.S. Circuit Court of Appeals found the Missouri law violated a section of the U.S. Constitution known …

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