The public school district in Seattle has filed a novel lawsuit against the tech giants behind TikTok, Instagram, Facebook, YouTube and Snapchat, seeking to hold them accountable for the mental health crisis among youth. Seattle Public Schools filed the lawsuit …
Specialist insurer Beazley has launched the global insurance market’s first cyber catastrophe bond. The $45 million bond gives Beazley indemnity against all perils in excess of a $300 million catastrophe event, with the potential for additional tranches to be released …
With multiple powerful storms continuing to bear down on California, state officials have warned that rural areas are the most at risk of flooding because the levees that protect them aren’t built to the same standards as others that shield …
Israeli drugmaker Teva Pharmaceutical Industries Ltd said there was sufficient participation from U.S. states and local authorities to move forward with its nationwide settlement agreement to resolve opioid-related claims and litigation. Teva said on Monday it has either already settled …
French drugmaker Servier on Monday launched its appeal against manslaughter and deception convictions handed down by a Paris court in 2021 in connection with weight-loss pill Mediator. At least 500 people died of heart valve problems in one of France’s …
In a pollution liability case, the Massachusetts high court has determined that an insurer does not have a common law duty to cover the expenses that a business incurred in its efforts to prevent an imminent covered loss. Salad dressing …
Russia’s flagship oil is selling at less than half international prices — and way below a Group of Seven imposed cap — following sanctions targeting the Kremlin’s revenue from petroleum sales. The nation’s Urals grade, a far bigger export stream …
Lead exposure can have serious health consequences for children, but only a fraction of Georgia schools have signed up for a free testing program. Advocates worry school leaders are hesitant because of the cost and consequences of discovering lead in …
Brit Ltd.’s managing general underwriter, Ambridge Group, will be acquired by Amynta Group for $400 million. In addition, a multi-year strategic partnership has been formed in which Brit (a subsidiary of Fairfax Financial Holdings Ltd.) will be a significant capacity …
Two agriculture businesses in the Mississippi Delta and some Black farm workers have settled the workers’ lawsuits over claims the farms hired white laborers from South Africa and paid them more than the local Black employees for the same type …
