A jury awarded $26 million to a Pasadena special-needs student who was sexually assaulted by three classmates, her lawyers said Wednesday. A Los Angeles County jury in Long Beach ruled this week in a negligence lawsuit against the Pasadena Unified …
Moderna is suing Pfizer and its German partner BioNTech for patent infringement in the development of the first COVID-19 vaccine approved in the United States, alleging they copied technology that Moderna developed years before the pandemic. Pfizer shares fell 1.4% …
Russian coal exports were effectively halted by a European Union ban on entities within the 27-nation bloc servicing shipments of the fuel to anywhere in the world. Suek JSC, Russia’s largest thermal coal miner, was unable to ship the fuel …
The global shipping industry agreed to declassify the Indian Ocean coastline off Somalia as a “high-risk area” following years of successful counter-piracy operations. The change was approved by marine groups including the International Chamber of Shipping and will be operational …
Activists mounting one of the world’s first legal challenges over corporate greenwashing have expanded a case against gas producer Santos Ltd., raising fresh allegations about the company’s climate plans. A suit filed against the oil and gas producer is the …
Global insurance broker Hub International reports it has acquired the assets of Winter Harbor Insurance Group. Located in Woburn, Massachusetts, Winter Harbor Insurance Group is an independent insurance agency providing commercial and personal insurance. Jimmy Aiken, president of Winter Harbor, …
State Farm Fire and Casualty Co. and two former claims-adjuster sisters, who more than 16 years ago filed a lawsuit claiming the insurer committed fraud against the government’s National Flood Insurance Program following Hurricane Katrina, have settled. According to documents …
Pennsylvania-based Erie Insurance has launched Erie Strategic Ventures to invest in innovations in risk avoidance, claims, underwriting, digital sales, agency productivity, and products and services for home, families and small businesses. Erie said the venture fund is stage and geography …
Europe’s record-breaking heat wave will be just an average summer in less than 15 years — even if countries meet their climate goals — with regular droughts and fires set to become the norm. By the end of the century, …
The National Council on Compensation Insurance is recommending an average 8.4% cut in workers’ compensation rates for the Florida voluntary market – the seventh straight reduction and double the size of the decrease for last year. The recommendation, which will …