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Wildfires Burn, Farmers Struggle as Another Heatwave Bakes Western Europe

European nations sent firefighting teams to help France tackle a “monster” wildfire on Thursday, while forest blazes also raged in Spain and Portugal and the head of the European Space Agency urged immediate action to combat climate change. More than …

Partial Legal Settlement Over 2018 Killing of Maryland Teen Targets Police Reforms

Family members of Anton Black and the Coalition for Justice for Anton Black announced they have resolved part of their federal court litigation charging police and municipal officials in three Maryland communities with the unconstitutional killing of the Black teenager …

J&J to End Global Sales of Talc-Based Baby Powder

Johnson & Johnson will stop selling talc-based baby powder globally in 2023, the drugmaker said on Thursday, more than two years after it ended U.S. sales of a product that drew thousands of consumer safety lawsuits. “As part of a …

Another State Supreme Court Rules No Coverage for COVID-19 Shutdown

The South Carolina Supreme Court on August 10 became the fourth state high court in the nation to rule that the virus that causes COVID-19 cannot cause a direct physical damage or loss covered by a commercial property insurance policy. …

Cross Insurance Acquires Maine Insurance Agency

Cross Insurance reported it has acquired Maine Insurance Agency of Portland. The acquisition of Maine Insurance Agency, a fifth-generation family-owned business, expands the coastal region division of Cross. Founded in l905, Maine Insurance Agency offers insurance for homes, autos, recreational …

Weakening UK Regulators Would Undermine Financial Services, Bank of England Warns

Weakening the independence of regulators would undermine reforms to bolster Britain’s finance industry, the head of the Bank of England said on Thursday, in a rebuff to proposals from the leading candidate to be the country’s next prime minister. The …

Britain’s Proposed Post-Brexit Financial Reform Explained

Britain’s government proposed a far-reaching financial services law last month to exploit “freedoms” to write its own capital market rules since leaving the European Union. Approval of what is the biggest markets reform in two decades is expected by May …

Indiana Metalworking Lubricants Company to Pay $310,000 over Clean Air Act Violations

The U.S. Environmental Protection Agency and Indiana Department of Environmental Management announced a settlement on August 5 with Metalworking Lubricants Co. for alleged violations of the Clean Air Act at its used oil processing facility in Indianapolis. Under the terms …

Flexibility Is Key for Insurers Managing Inflationary Challenges

Inflation likely won’t subside anytime soon, and insurers will need to be proactive and flexible if they want to stay on top of the challenges, said Keith Buckley, managing director of Fitch Ratings’ global insurance rating group. He was speaking …

Officers Exempt from Workers’ Comp But Some Carriers Charging Anyway?

Tradespeople who call themselves and their workers “independent contractors” have long been an issue for the workers’ compensation industry, often cutting carriers out of premium and leaving injured workers without coverage. Some in the industry now worry, though, that at …

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