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UK Hospital Hackers Say They’ve Demanded $50 Million in Ransom

A cohort of Russian-speaking hackers is demanding $50 million from a UK lab-services provider to end a ransomware attack that has paralyzed services at London hospitals for weeks, according to a representative for the group. Qilin, as the group is …

EU Regulators Call for Changes to Landmark ESG Rulebook

Europe’s ESG rulebook, which is seen as the benchmark for setting sustainability-disclosure requirements worldwide, keeps getting pushback from the regulators charged with enforcing it. In an opinion to the European Commission, regulators for the markets, banking and insurance industries called …

A $29 Billion Weed Market Fights to Diversify Amid Legal Hurdles

Michael Diaz-Rivera’s experience simultaneously represents the promise and failure of social equity licenses for the cannabis industry. Diaz-Rivera’s conviction in 2006 for marijuana possession made him eligible when Colorado agreed in 2020 to set aside licenses for members of historically …

Take Cover: Lightning Caused $1.2B in Homeowners Claims in 2023, Says Triple-I

Damage to U.S. homes due to lightning resulted in $1.2 billion in homeowners insurance claims in 2023, up 30% from 2022.. The number of lightning-caused U.S. homeowners insurance claims increased by 13.8% over 2022, with numbers from the top 19 …

Exxon Suit Targeting Activist Group Arjuna Tossed by Judge

A federal judge dismissed a lawsuit by Exxon Mobil Corp. against Arjuna Capital after a lawyer for the activist investor group vowed not to try to resurrect a shareholder policy opposed by the company. The judge in Fort Worth, Texas, …

Uninsured Roofing Firm Owner Sentenced for Attempted Cover-Up of Workplace Death

The owner of a New York roofing company has been sentenced for attempting to cover up an employee’s on-the-job death. Law enforcement investigators determined that Jeremiah Wiedemann, owner of Wiedemann Sons Roofing, had moved the victim to a different location …

AM Best Revises Outlooks to Stable for Philadelphia Contributionship Group

AM Best reports it has has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of the members of the Philadelphia Contributionship Group that …

California to Change Labor Law That Cost Businesses $10 Billion

California’s largest business and labor groups agreed to change a landmark law that has helped workers sue companies such as Walmart Inc., Uber Technologies Inc. and Google for workplace violations. The deal caps years of efforts by the state’s employers …

Report Says ‘Poor Maintenance’ Led to Deadly Crash of Helicopter in New Mexico

A loss of engine power due to poor maintenance caused a 2022 helicopter crash in New Mexico that claimed the lives of four Bernalillo County first responders as they were returning home from a firefighting mission, according to federal investigators. …

California Labor Commissioner Cites Amazon $6M for Violating Warehouse Quotas Law

Amazon failed to meet requirements of California’s Warehouse Quotas law at warehouses in Riverside and San Bernardino Counties, according to the Labor Commissioner’s Office. The ofice cited Amazon.com Services LLC $5,901,700 for violations of the Warehouse Quotas law in two …

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