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Diocese of Buffalo Suspends Three Priests Amid Sex Abuse Claims

Three priests have been placed on leave in response to claims in a lawsuit filed last month that they sexually abused a boy in the 1990s, the Diocese of Buffalo announced Saturday. Bishop Michael Fisher said the priests all “deny …

GM Offering Onstar Service to All Drivers Through App; Options Include Insurance

General Motors Co. plans to offer subscriptions for its Onstar Guardian security services to anyone in the United States or Canada who wants to download a smartphone app, expanding beyond owners of GM vehicles in a step to generate recurring …

50 Investors Urge Ethical Development of Facial Recognition Technology

A group of 50 investors managing more than $4.5 trillion in assets is calling on companies involved in the development and use of facial recognition technology, such as Amazon and Facebook, to do so in an ethical way. The investor …

Bank of England Launches Climate Change Stress Test for Insurers, Banks

The Bank of England on Tuesday set out its first comprehensive stress test of the ability of the British financial system to cope with climate change, saying the results will not be used to determine capital requirements for now. The …

Contaminants from Sri Lanka Ship Wreck Could Cause Wide-Reaching Damage

Contaminants released from the wreckage of a container ship off the coast of Sri Lanka could be dragged thousands of kilometers by ocean currents, impacting wildlife and humans in far-reaching latitudes. Authorities and salvage crews are now working to prevent …

Failure of Many ‘Zombie’ Companies Likely to Keep Insurance Rates Rising: Swiss Re

The expectation that hundreds of so-called zombie companies will fail over the next few years and drag on the economy is among the major concerns prompting insurers to reduce risk and charge higher premiums, a trend likely to continue as …

FBI Recovers Most of Bitcoin Ransom Paid by Colonial Pipeline

The U.S. recovered almost all the Bitcoin ransom paid to the perpetrators of the cyber attack on Colonial Pipeline Co. last month in a sign that law enforcement is capable of pursuing online criminals even when they operate outside the …

Florida Top Court Says Insurer Can Pursue Malpractice Claim Against Defense Law Firm

Attorneys who are hired by insurance carriers to defend policyholders from lawsuits have a duty to represent the insured, but the insurer is paying their fees. Obviously, the insurer has a financial interest in the outcome of the litigation. The …

FBI Offers Reward for Information on Walmart Fires in Alabama, Mississippi

Federal investigators are offering $2,500 rewards for tips leading to people who set fires inside Walmart stores in Alabama and Mississippi. The FBI posted Saturday security camera photos of masked people inside stores in Mobile, Alabama, and Gulfport, Mississippi. News …

Italian Insurer Cattolica Delays €200M Cash Call due to Generali’s Recent Takeover Offer

MILAN – Italian insurer Cattolica said on Monday it had decided to delay a planned 200 million euro ($244 million) cash call to give its shareholders the chance to take up a buyout offer by bigger peer Assicurazioni Generali. Generali, …

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