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13 Years Later, Oil Drilling in Gulf Safer, But Concerns Persist, Study Shows

Thirteen years after the massive Deepwater Horizons spill fouled the Gulf of Mexico, regulators and industry have reduced some risks in deep water exploration in the gulf but some troublesome safety issues persist, a new study by the National Academy …

Volkswagen Halts Sale of Some ID.4 EVs Because Doors Might Open While in Motion

Volkswagen AG has ordered dealers in the U.S. and Canada to stop selling its ID.4 electric SUV because its doors might open while in motion, and the German carmaker doesn’t yet have a fix for the problem. Nearly 18,000 vehicles …

EU Vote on Human Rights ‘Due Diligence’ Looms for Financial Services Firms

Financial services companies would be required to take action if their clients were failing to protect human rights and the environment, a preliminary deal due to be voted on later this month by a panel of European Union lawmakers showed. …

Paris to Ban Electric Scooters in September

Paris will ban electric scooters from September 1, the French capital’s mayor said, after the public voted to remove them from the streets, however e-scooter operators said on Monday [April 3] they hoped to stop the plan. The e-scooter ban …

Amtrak Train Strikes Pickup Truck in North Dakota; 2 Teens Killed

SPRINGBROOK, N.D. (AP) – An Amtrak passenger train has struck a pickup truck in North Dakota, killing two teenage boys and injuring a third, authorities say. The North Dakota Highway Patrol said the crash happened around 8 p.m. Monday when …

Hub Acquires Minnesota’s Horizon Agency

Hub International announced that it has acquired the assets of Horizon Agency, Inc. (Horizon Agency). Terms of the transaction were not disclosed. Located in Eden Prairie, Minnesota, Horizon Agency is an independently owned agency that provides commercial and personal insurance, …

Germany’s Allianz Does Not Plan to Renew Policy for Nord Stream 1 Project

German insurance company Allianz said on Wednesday it does not intend to renew a policy for the Nord Stream 1 project when it expires in late 2023. Allianz said it was part of an insurance consortium that provided coverage for …

Western Curbs on Russian Oil Products Redraw Global Energy Shipping Patterns

Global fuel suppliers are turning to longer and costlier routes that produce more carbon emissions to move their diesel and other products as Western restrictions on Russian cargoes have reshuffled global energy shipping patterns. As a result of the European …

Zurich Exits Insurance Climate Alliance, Days After Munich Re

Zurich Insurance Group AG is leaving a coalition of major insurers that have committed to reach net-zero emissions, the second high profile exit from the group in a matter of days. The Swiss insurer said in a statement that it’s …

Markets/Coverages: Berkley Select Enhances Middle Market Lawyers Pro Liability Coverage

To address the growing risks faced by middle market law firms, Berkley Select said it enhanced its lawyers professional liability (LPL) offerings, adding new coverages, more flexible policy forms and expanded capacity. Berkley Select’s lawyers professional liability coverage enhancements include: …

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