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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 …

Romanian Government Plans Drought Insurance Scheme for Farmers

The Romanian government plans to approve an insurance system for agricultural land as part of a series of measures to help farmers whose crops have been ravaged by drought, Agriculture Minister Florin Barbu said on Wednesday. Romania is among the …

EU Mission in Red Sea Says no Oil Spill From Tanker Damaged in Houthi Attack

The European Union’s mission in the Red Sea said on Wednesday there was no oil spill in the waters near the Greek-flagged tanker hit by a fiery Houthi militant attack off Yemen’s coast. The mission, called Aspides, added that the …

Houthis Say Tugs Can Tow Away Stricken Oil Tanker Attacked in Red Sea

Yemen’s Houthi militants said they’ll let tugboats tow away an oil tanker that they attacked last week in the Red Sea, a step that might to help avert an environmental disaster. The 900-foot Sounion was hauling 150,000 tons of dense …

Millions Evacuated as Typhoon Slams Southwest Japan, Halting Flights and Factories

Millions of people were told to evacuate from their homes as Typhoon Shanshan lashed southwest Japan with strong winds and heavy rain on Thursday, knocking out power, snarling air traffic and forcing major factories to close. At least three people …

Weathering the Storm: How IBHS Is Revolutionizing Building Safety

I recently watched the new movie Twisters starring Daisy Edgar-Jones and Glen Powell, which gives viewers a fantastic and frightening look at the damage tornadoes and severe weather can cause to American communities. Early in the film, storm chaser/scientist Javi, …

Converge Insurance CEO Talks Focus, Innovation and Perseverance

Converge Insurance CEO Tom Kang said one of his most important pieces of advice for other InsurTechs is a seemingly obvious but often overlooked point, and that is to remember the insurance part of InsurTech. “Maybe this is an obvious …

Listeria Outbreak Linked to Deli Meats Claims 5 More Lives, CDC Says

The U.S. Centers for Disease Control and Prevention said on Wednesday that a Listeria outbreak linked to deli meats has resulted in 14 new illnesses and five additional deaths. This brings the total to 57 cases, all of which required …

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