HP Lost £730 Million After Buying Mike Lynch’s Autonomy, Judge Says
Hewlett Packard Enterprise Co. lost around £730 million ($985 million) after it bought Mike Lynch’s firm Autonomy Corp., a London judge ruled less than a year after the British tech tycoon drowned when his yacht sank in a storm off …
British Business Slows Climate Action, Sees Government Net Zero Agenda as Unrealistic
British business leaders are putting a brake on their plans to combat climate change and do not believe the government’s approach to net zero is compatible with growth, a survey of 1,000 executives showed on Tuesday. Both large companies and …
Philippines Braces for Heavy Rain After Six People Killed
Philippine authorities suspended government work and classes in the capital region and dozens of provinces for a third day on Wednesday, warning of continued strong rains that killed at least six people and forced thousands in flooded areas to evacuate. …
UK Plans to Ban Public Sector Bodies From Paying Ransom to Cyber Criminals
Britain plans to ban public sector bodies and operators of critical national infrastructure, including the state-run health service, local councils and schools, from paying ransom demands to cyber criminals, it said on Tuesday. The country has been the victim of …
Camp Mystic Deaths After Floods Darken a Cherished Texas Tradition
Camp Mystic was the totemic rite of passage for girls from establishment families in the American South: Lyndon Johnson sent his daughters there, Laura Bush worked there as a counselor years before becoming First Lady, and its alumni include the …
People Moves: Novatae Names Arora as VP Data, Business Intelligence & Innovation
Novatae Risk Group (Novatae), headquartered in Dallas, Texas, named Anju Arora to the newly created role of vice president of data, business intelligence and innovation. Arora will spearhead Novatae’s data-driven transformation, overseeing business intelligence, analytics and innovation programs. Arora has …
Insurer Says it Has No Duty to Defend Kansas City Super Bowl Parade Shooting Lawsuit
Cincinnati Specialty Underwriters said in a complaint last week that it has no duty to defend or indemnify a Kansas City sports promotion group facing an underlying lawsuit over a mass shooting at a 2024 Super Bowl parade. CSU said …
Louisiana Cancels $3B Gulf Coast Repair Funded by Deepwater Horizon Settlement
Louisiana last week canceled a $3 billion repair of disappearing Gulf coastline, funded by the 2010 Deepwater Horizon oil spill settlement, scrapping what conservationists called an urgent response to climate change but Gov. Jeff Landry viewed as a threat to …
Trump Exempts Scores of Plants From Biden’s Pollution Rules
President Donald Trump is allowing chemical makers, coal-fired power plants and other facilities to bypass a range of environmental regulations on grounds that the waivers are needed for national security purposes. The plants, which also include taconite iron ore processing …
Ground Squirrel Overpopulation Poses Threat to Minot, North Dakota Residents
The Richardson’s ground squirrel weighs less than a pound, is about a foot long and is native to the northern Plains. The little creature also is a ferocious tunneler, and it’s exasperating the people of Minot, North Dakota, where it’s …
People Moves: W.R. Berkley Promotes Albert President of Vela Insurance; Fusion Specialty Names Underhill Head of Americas
W. R. Berkley Corporation, headquartered in Greenwich, Connecticut, named Shadi Albert as president of Vela Insurance Services. He succeeds Arthur G. Davis, who will assume the role of chairman of the business. The appointments are effective immediately. Albert joined Berkley …
New Georgia Workers’ Comp Rules Took Effect in July, Aiming at Clarity, Consistency
The Georgia General Assembly made no statutory changes to the Workers Compensation Act in 2025. However, effective July 1, 2025, the Georgia State Board of Workers’ Compensation (SBWC) has introduced several important updates to its rules. These changes include clarifications, …
Workplace Injuries Costs Near $60B Per Year; Overexertion, Falls Top Causes
Liberty Mutual’s latest Workplace Safety Index has found that workplace accidents cost U.S. employers about $58.8 billion annually. The top 10 causes of injuries account for 86% of those costs, or $50.87 billion. The index marks its 25th year identifying …
KBRA Upgrades AmCoastal Debt Ratings, Reducing Interest Expenses
One year after American Coastal Insurance went through a regulator-forced shakeup in leadership, the Florida-based carrier’s holding company has received a slight upgrade in its debt rating from KBRA, producing a savings on interest expenses. “We are proud to have …
Alaska Air Resumes Flights After IT Outage Led to Grounding
Alaska Air Group Inc. continued to recover on Monday after temporarily grounding its entire fleet due to a data center equipment failure that affected several of the carrier’s key operating systems. Eighty-three Alaska Air flights, or about 9% of its …
Tesla to Fight California’s Claim It Overhypes Autopilot
Tesla Inc. is set to face off with the California Department of Motor Vehicles over claims that the company has exaggerated the capabilities of its Autopilot and Full Self-Driving technology and misled consumers. The stakes are high at a five-day …
People Moves: Oldenburg Joins Alliant as SVP in Oregon; IMA Names Branch Oregon Market President
Oldenburg Joins Alliant Insurance Services as Senior Vice President in Portland, Oregon Andy Oldenburg joined Alliant Insurance Services as senior vice president within its Alliant Americas division. Based in Portland, Oregon, Oldenburg will provide a strategic risk and insurance services …
Fashion Startup Founder Charged With $300M Fraud Freed on $1M Bail
A former chief executive of two clothing technology companies was released on $1 million bail Friday after pleading not guilty to charges alleging she cheated investors of over $300 million over the past six years. Christine Hunsicker, 48, of Lafayette, …
Meta Investors Settlement With Zuckerberg Takes Heat Off Delaware
A last-minute settlement between Meta Platforms shareholders and the company’s leadership last week ended an $8 billion trial and spared Mark Zuckerberg from testifying about alleged violations of Facebook users’ data. It also took the heat off the state of …
Woman, 66, Is 10th Person to Die After Massachusetts Assisted-Living Facility Fire
A tenth person has died after a fire that tore through an assisted-living facility in Massachusetts last weekend, officials confirmed on Saturday. Brenda Cropper, 66, died at a hospital Friday, according to Bristol County District Attorney Thomas M. Quinn III. …