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Setting Range for Emotional Damage Awards Is Not Its Job, Says Connecticut High Court

It is up to the Connecticut legislature, not courts, to set any minimum or maximum controls on damages for emotional stress claims, the Connecticut Supreme Court held in a ruling in which it refused to second-guess a $15,000 award in …

Alabama Town Gearing up for Micro Nuclear Reactor Assembly Plant

A Seattle-based nuclear energy company has selected Gadsden as the site of a microreactor assembly plant. Ultra Safe Nuclear Corporation said the facility will manufacture and assemble modules needed to construct the company’s microreactors. Unlike nuclear power plants, with their …

State Regulators Need to Improve ‘Fragmented’ Efforts to Assess Insurers’ Climate Risks: FIO

The Federal Insurance Office (FIO) has released a new report analyzing climate-related issues and gaps in U.S. insurance supervision and regulation, saying state regulatory efforts are fragmented and limited. FIO, part of the U.S. Department of the Treasury and formed …

Businesses Criticize New EU Data Rules, Saying They Could Hinder Data Flow

Businesses and Big Tech on Wednesday criticized European Union data rules agreed between EU countries and lawmakers, saying they could hinder data flow and contractual freedom, while a pan-European consumer group said they did little for Europeans. The Data Act, …

NFP Acquires Presidio Financial Services in California

NFP acquired Presidio Financial Services Corp. in Westlake Village, California. Presidio is an independent insurance brokerage that provides products tailored for physicians, doctors, healthcare facilities and healthcare professionals. Gisela Plazas, Presidio’s founder and CEO, will be joining NFP and working …

Push to Lower Wildfire Risk Across West Stumbles in Places

Using chainsaws, heavy machinery and controlled burns, the Biden administration is trying to turn the tide on worsening wildfires in the U.S. West through a multi-billion dollar cleanup of forests choked with dead trees and undergrowth. Yet one year into …

FERMA Appoints Hedemark as President, Succeeding Wegener

The Federation of European Risk Management Associations (FERMA) has appointed Charlotte Hedemark as the next president of FERMA. Her election was announced at the first meeting of the new FERMA Board following the Annual General Assembly in Brussels on June …

Disney Beats Investor Lawsuit Over Feud with DeSantis

The Walt Disney Co. board did not act negligently when it criticized a sexual identity bill signed by Florida Governor Ron DeSantis, a Delaware judge ruled on Tuesday, in a case the judge said was improperly directed by a conservative …

Russia’s Arctic Shipping Dream Stumbles on Small Aging Fleet

Russia will struggle to meet its strategic goal of more than quadrupling Arctic sea shipments by the end of the decade as the nation cannot increase and upgrade its small, aging ice fleet fast enough, according to the Northern Sea …

Oil-Field Lawsuit Offers Rare Insight Into Harassment Complaints

A lawsuit set for trial in July against the world’s largest provider of drilling services will offer rare public testimony about the plight of women working in America’s oil fields. Jessica Cheatham, who worked as an engineer for SLB, previously …

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