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$24 Million Mold Remediation Starts on Federal Courthouse in Mississippi

Work has begun to renovate a northeast Mississippi federal courthouse long plagued by mold. WTVA-TV reports interior demolition began last week at the Thomas G. Abernethy Federal Building in Aberdeen. The U.S. General Services Administration announced in 2020 that it …

UK Regulator Pushes Insurers to Cut Premiums for Fire-Risk Apartments

Thousands of people living in high-rise apartments in Britain are set to get better deals on their property insurance following years of spiraling costs in the wake of the Grenfell Tower tragedy. The Financial Conduct Authority is expected to push …

Personal Auto Results Slow to Recover; GEICO, Progressive to Pass State Farm

With an overall combined ratio in excess of 100 for the first time since 2017, private passenger auto joined homeowners in unprofitable territory last year, prompting carriers to respond with pricing and underwriting actions. But improvement in the auto line …

Arthur J. Gallagher & Co. Acquires Toronto’s Four Corners Group Inc.

Arthur J. Gallagher & Co. announced the acquisition of Toronto-based Four Corners Group Inc. Terms of the transaction were not disclosed. Founded in 2007, Four Corners Group is a leading Canadian executive search firm operating throughout Canada and the United …

Tesla Sued in Germany Over Car Surveillance Cameras, Carbon Footprint Claims

Tesla Inc. was hit by a lawsuit in Germany over potential privacy concerns linked to its car surveillance cameras and claims that buying its vehicles helps cut CO2 emissions. VZBV, the main German consumer association, filed the action in a …

Update: UK Temperatures Hit Record High of 104°F

Temperatures in the UK rose above 40 degrees Celsius (104 degrees Fahrenheit) for the first time as a potentially deadly heat wave nears a peak on Tuesday. The temperature at London’s Heathrow Airport hit 40.2°C at about 12:50 p.m., according …

Record Heatwave Scorches Europe, as Wildfires Continue to Rage in France, Spain

Britain was forecast to see temperatures hit 40C (104F) for the first time on Tuesday after logging its warmest night on record, while wildfires raged across parched countryside in France, Spain and elsewhere. As a heatwave that settled over southern …

New UK Finance Minister Targets Flexibility of Post-Brexit Financial Regs, Solvency II

Britain’s government must focus on sound public finances and avoid further fueling inflation by pumping up demand, new finance minister Nadhim Zahawi is due to say in his first major speech on Tuesday. Zahawi will address the City of London’s …

UK Regulator May Lack Bandwidth to Push Post-Brexit Competitiveness: Policymaker

The Bank of England may not have enough resources to implement an extra objective of maintaining Britain as a competitive global financial center, a policymaker designate said on Monday. Britain’s government is due this week to unveil a draft law …

U.S. Senate Democrats Plan Bill Aiming to Restore ‘Net Neutrality’

Two U.S. Senate Democrats active in internet issues are working on a bill to restore landmark “net neutrality” rules that would bar telecommunications companies from blocking or throttling traffic or offering paid fast lanes. Senators Edward Markey and Ron Wyden …

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