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Florida Officials Plan to Raise $100M for Reef Restoration in Florida Keys

Federal officials have announced plans to raise $100 million to fund projects to restore seven significant coral reef sites in the Florida Keys National Marine Sanctuary. “Mission: Iconic Reefs” calls for restoring nearly 70 acres (28 hectares) of the Florida …

Ratings of Kansas’ Farmers Alliance Mutual Insurance, Subsidiaries Upgraded

AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” from “a-” of McPherson, Kansas-based Farmers Alliance Mutual Insurance Co. and its wholly-owned subsidiaries, Alliance Indemnity Co. and …

McDonald’s Wins Battle With Labor, Avoids Joint Employer Liability with Franchises

McDonald’s Corp. has won a huge victory in a multiyear legal battle over whether it should share responsibility for alleged labor violations in its franchisees’ restaurants, a case that posed a major threat to the franchise model underlying one of …

5 Argo Group Directors Will Retire; Early Annual Meeting Planned

Five Argo Group directors plan to retire as of the beleaguered company’s 2020 annual meeting, the company disclosed on Dec. 11. Argo, a Bermuda-based specialty insurer and reinsurer, said that the decision is part of a “proactive refreshment process” announced …

Sandy Hook Families Get Gunmaker Trial Nine Years After Attack

Family members of nine children and educators killed in the 2012 Sandy Hook Elementary School massacre have received a September 2021 trial date in their landmark lawsuit against Remington Arms Co. over its marketing of the semiautomatic military-style rifle the …

Driver Privacy Concerns in Auto Insurance. There’s an App for That.

Apps that let you book a ride to work or borrow a car for your next vacation are feeding into a revolution in auto insurance — while also raising some privacy red flags. Data on everything from how frequently a …

California Judge Allows Gender Pay Bias Suit Against Disney to Proceed

Walt Disney Co. failed to persuade a judge to dismiss a lawsuit by female employees who allege the company discriminates by paying male workers better. A state judge in Los Angeles found that the 10 current and former employees who …

Democrats Pass Bill to Lower Prescription Drug Prices for Seniors

The U.S. House of Representatives on Thursday approved legislation aimed at driving down the prices that seniors pay for prescription drugs, but the bill’s future is clouded by President Donald Trump’s threat of a veto and lack of support in …

Vale Says Mine Collapse in Brazil Partially Linked to High Water Level

The deadly collapse of a Vale SA’s mining waste dam in Brazil was partially triggered by “a persistently high water level” that caused the structure to lose strength and stability, according to a report by a panel of experts appointed …

Big Victory for Johnson and Brexit. Now What?

Prime Minister Boris Johnson won a sweeping election victory on a promise to “Get Brexit done,” but a reality check awaits for voters hoping that the messy divorce is finally over. It’s just the beginning. Johnson should now be able …

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