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J&J’s $8.9 Billion Talc Settlement Faces Bankruptcy Test

Johnson & Johnson’s proposed $8.9 billion settlement of thousands of lawsuits alleging that its talc products cause cancer faces a crucial hurdle this week as a U.S. bankruptcy judge in New Jersey considers whether or not a J&J subsidiary may …

Pennsylvania Senate Votes to Expand Ban on Driver’s Use of Phones

Pennsylvania’s state Senate wants to expand a ban on texting while driving and approved legislation on Thursday that would increase the penalties for motorists who are handling their cell phones for almost any activity while driving. The bill, approved 37-11, …

Canada’s British Columbia Highway 99 Closed Due to Brush Fire

Canada’s British Columbia Highway 99 was closed in both directions on Monday due to a brush fire, the British Columbia Wildfire Services (BCWS) said in a post on Twitter. The brush fire broke out in southwest of Whyte Lake, approximately …

Environmental Changes Put 90% of World’s Marine Food Supplies at Risk: Study

More than 90% of the world’s marine food supplies are at risk from environmental changes such as rising temperatures and pollution, with top producers like China, Norway and the United States facing the biggest threat, new research showed on Monday. …

Howden Appoints WTW’s Douglas as CEO, Climate Risk and Resilience

Howden, the London-based insurance group, announced the appointment of Rowan Douglas as CEO, Climate Risk & Resilience, effective June 26. Douglas’ role is to continue to build an expert, full spectrum function to support the group worldwide, embedding climate and …

Australia Regulator Tells Medibank to Set Aside $167M After Major Cyber Attack

Australia’s banking regulator told insurer Medibank on Tuesday it would have to set aside A$250 million ($167 million) in extra capital, citing weaknesses identified in its information security after a major hacking breach. Shares of the country’s biggest health insurer …

PwC Australia Asset Sale Unlikely to Repair Firm’s Tarnished Reputation: Experts

PwC Australia’s sale of its government consulting business may give it temporary respite from a crisis in its tax practice but is unlikely to repair its toxic brand in the country anytime soon, according to experts. PwC said on Sunday …

Publishers Clearing House Settles for $18.5 Million for Misleading Consumers

Publishers Clearing House (PCH), which offers sweepstakes where people can win thousands of dollars per week for life, has agreed to pay $18.5 million and change its business practices to settle allegations it misled consumers about its contests, the U.S. …

Sub Disaster Puts Spotlight on Another Extreme Venture: Space Tourism

Commercial space travel shares plenty of similarities with deep sea tourism: wealthy customers, tight spaces, far-flung destinations and waivers that clearly warn people they’re risking death by embarking on unregulated vehicles. As the world dissects what went wrong with the …

FIGA Sells Muni Bonds to Keep Up with Insolvent Insurer Claims

The Florida Insurance Guaranty Association, which handles the claims of insolvent insurers, plans to borrow $600 million by selling municipal bonds, according to preliminary offering documents. It is the first time in three decades the agency has tapped the municipal …

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