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New Research Warns Rare Winter Tornadoes May Get More Intense

Nasty winter tornadoes — like the deadly ones last week that hit five states — are likely to be stronger and stay on the ground longer with a wider swath of destruction in a warming world, a new study shows. …

McDonald’s Settles With Ex-CEO Easterbrook Over Claim He Lied About Sexual Affairs

McDonald’s Corp. said on Thursday it had reached a settlement with former chief Steve Easterbrook, resolving a lawsuit in which the burger chain had claimed that he covered up and lied about his sexual relationships with employees. As part of …

Zurich Insurance to Acquire Conversational AI Company AlphaChat

Zurich Insurance Group agreed to acquire Estonia-based company AlphaChat, which provides conversational artificial intelligence (AI) technology for customer service automation, to further enhance the group’s digital capabilities. Financial details of the transaction were not disclosed. AlphaChat is one of the …

Fairfax Completes Sale of Stake in Subsidiary Odyssey Group for US$900M

Fairfax Financial Holdings Ltd. announced the completion of the previously announced sale of a minority stake in Fairfax’s subsidiary, Odyssey Group Holdings for an aggregate cash price of US$900 million. An affiliate of CPPIB Credit Investments Inc., a wholly-owned subsidiary …

Spanish City of Zaragoza Braces for Flooding From Ebro River

MADRID (AP) – Authorities in the Spanish city of Zaragoza braced Tuesday for a critical surge in the level of the Ebro River, after flooding further upstream in recent days was blamed for two deaths. The river’s flow rate climbed …

Artful Mosaic Insurance Creates Global Agility for Specialty Startup

Mosaic Insurance, the Bermuda-headquartered startup and Lloyd’s specialty insurer, operates with a unique structural twist. Its hybrid model has the flexibility of a managing general agent (MGA), the stability of a carrier’s long-term capital, plus the ratings, global licenses and …

London Turns Into Ghost Town as UK Faces Record-Breaking Wave of COVID Infections

The owner of Parlez, a pub and restaurant in south London, hoped that sales this Christmas would have bounced back fully from last winter’s COVID-19 lockdown. Instead, every one of this week’s group reservations canceled their bookings. The UK is …

Missouri Jury Awards Transgender Student $4 Million

A Kansas City-area school district must pay a transgender student $4 million after it refused to let him use the boys’ restrooms or locker rooms, a Jackson County jury decided. The jury on Monday found the Blue Springs school district …

Typhoon Rai Threatens Philippines, Forcing Thousands to Flee Homes

Typhoon Rai has rapidly intensified as it nears central and southern Philippine provinces on Thursday, forcing thousands to flee their homes and leaving thousands stranded as airlines canceled flights. The typhoon that’s locally known as Odette is packing winds of …

Michigan School District Faces Two $100 Million Suits After Shootings

The parents of a 17-year-old girl who was shot in the neck at Oxford High School during a mass shooting that left four students dead filed a pair of lawsuits seeking $100 million each against a Michigan school district, saying …

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