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North Carolina Agency to Test Soil and Water at Fertilizer Plant Explosion Site

A North Carolina environmental agency has approved a plan to test the soil and groundwater for contamination at the site of a massive fertilizer-plant fire in January. Montrose Engineering and Geology laid out its plans in a 71-page document approved …

Alex Jones’ Defamation Trial Set to Begin in Texas

Jury selection was set for Monday in a trial that will determine for the first time how much Infowars host Alex Jones must pay Sandy Hook Elementary School parents for falsely telling his audience that the deadliest classroom shooting in …

Markets/Coverages: Openly’s New Homeowners Carrier; Neptune Flood, SIAA Partnership; MiKargo247 Launches for Per-Load Freight

Openly Starts Openly Insurance Company, a Licensed Homeowners Insurance Carrier Openly announced the launch of the Openly Insurance Company, a homeowners insurance carrier licensed in 17 states. Openly had formerly operating solely as a MGA. The announcement was made only …

Record Temperatures, Wildfires Wreak Havoc on Europe’s Wineries and Vineyards

In Portugal’s Douro Valley on July 7, a wildfire burned close to Oscar Quevedo’s Quinta da Alegria vineyard. By the middle of the night, flames surrounded it. The vines around the edges, amounting to about a hectare, burned. In his …

Japanese Insurers Sell Heatstroke Coverage as Temperatures Soar to Record Levels

As temperatures soar to unprecedented levels from Europe to Asia this summer, some Japanese insurance companies have begun selling policies to protect people struck down by the heatwave. Sompo Holdings Inc. and Sumitomo Life Insurance Co., two of the country’s …

Return of Coal as Alternative to Russian Gas Threatens European Firms’ ESG Ratings

European companies turning to coal as an alternative to Russian gas face a hit to their environmental, social and governance ratings, leaving them scrambling to impress investors still vocal on sustainability. Despite an energy crisis following sanctions on Russia, major …

One-Quarter of Firms Operating at Lloyd’s Reach 35% Target for Women Leaders

A quarter of firms operating at Lloyd’s of London have reached the commercial insurance market’s target for 35% of leaders to be women, though progress on diversity was “incremental,” Lloyd’s said in a report on Monday. Lloyd’s has been trying …

Insurtech Funding Levels Hold Steady in Q2 vs. Q1: CB Insights

Funding for the insurtech sector held steady in the second-quarter of 2022, coming in at roughly $2.4 billion, the same as the overall funding figure recorded for first-quarter 2022, according to data released by CB Insights last week. The consistent …

Uber Admits Covering Up 2016 Hacking, Avoids Prosecution in U.S. Settlement

Uber Technologies Inc. on Friday accepted responsibility for covering up a 2016 data breach that affected 57 million passengers and drivers, as part of a settlement with U.S. prosecutors to avoid criminal charges. In entering a non-prosecution agreement, Uber admitted …

U.S. Sues Chicken Producers, Alleging They Conspired to Keep Wages Down

US poultry producers Cargill Inc., Sanderson Farms Inc. and Wayne Farms LLC agreed to pay $84.8 million restitution for conspiring to lower wages for workers at chicken slaughterhouses as part of a settlement with the US Justice Department. The US …

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