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G20 Skirts Taboos in Reaching Agreement on WTO Reforms

Many delegates from the world’s 20 largest economies arrived at a summit in Argentina this week determined to clinch an agreement to reform the global trade system, pushed to a breaking point by tensions between the United States and China. …

Gas Leak Caused Explosion That Killed 23 at ChemChina Plant

A gas leak at a plant owned by a ChemChina subsidiary caused a blast that killed 23 people and injured 22 last week in Zhangjiakou, Hebei province, ChemChina said in a statement on Friday. PVC producer Hebei Shenghua Chemical Industry …

Feds Sue Kentucky Restaurants Over Failure to Pay Workers $130K in Overtime

The federal Department of Labor is suing the owners of two Kentucky brunch restaurants it says failed to pay workers more than $130,000 in overtime. The Courier Journal reported Wednesday that the department says the Louisville North End Cafe restaurants …

Jury Awards $7.6M to Family of West Virginia Pedestrian Killed in Hit-And-Run

A West Virginia man has been ordered to pay $7.6 million in damages to the family of a pedestrian who was killed in a hit-and-run accident. The Dominion Post reports the Monongalia County Circuit Court jury issued the verdict Thursday …

VW Investors’ $48M Diesel Settlement Receives Preliminary OK

A U.S. judge in California has granted preliminary approval to a $48 million settlement for investors who said Volkswagen AG made false and misleading statements over its excess diesel emissions. Lawyers for the investors, who include police and other municipal …

Expert Sees a ‘Strong Need’ for Insurance for Cannabis Industry

There’s “still a really strong need” for specialty insurance to cover cannabis businesses as well as medical professionals prescribing cannabis, according to an attorney who specializes in the sector. Ian Stewart, a partner in Wilson Elser and chair of the …

Alabama Condo Complex Earns IBHS’ First-Ever Hurricane Gold Designation

Local developers in coastal Alabama that utilized Insurance Institute for Business & Home Safety’s (IBHS) FORTIFIED Commercial construction standards in the design of a coastal condominium complex have earned the first-ever FORTIFIED Commercial–Hurricane Gold. The new Colonial Inn Condominiums in …

Massive Earthquake Shakes Alaska, Hitting Roads And Bridges Hard

A powerful earthquake jolted southern Alaska on Friday morning, buckling roads, disrupting rush-hour traffic and jamming telephone service in and around Anchorage, the state’s largest city, but there were no reports of serious injuries. The 7.0 magnitude quake struck about …

California Seizes Small Insurer Merced P&C Due to Wildfire Claims

California regulators moved Friday to take over an insurance company that can’t pay out all claims following a massive wildfire that destroyed more than 13,000 homes. Merced Property & Casualty Company was pushed to insolvency by the fire that sparked …

AXA XL Adds Cybersecurity Services to Cyber Insurance Program

AXA XL, a division of AXA, has added complimentary proactive cybersecurity services for its primary cyber & technology insurance clients to improve their cybersecurity preparedness. During their first cyber insurance policy year, AXA XL’s cyber clients can choose one of …

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