Insurance
Lindberg’s Right-Hand Man Sentenced to Two Years After Cooperating With Prosecutors
Almost four years after he pleaded guilty, the top associate to convicted briber, insurance entrepreneur and fraudster Greg Lindberg has been sentenced to two years in prison. Christopher Herwig, who was chief investment officer for Lindberg’s Eli Global and other …
Read More NJ School Board Not Liable for Boy’s Shooting at Football Game With No Metal Detectors
A New Jersey public school district has been found not liable for the fatal shooting of a 10-year old boy at a high school football game where security did not include metal detectors to screen attendees. The boy’s mother and …
Read More Markets/Coverages: AIG Starts Parametric Cloud Outage Solution
American International Group (AIG) said it launched a new Parametric Cloud Outage Solution, providing clients an additional layer of cyber insurance protection to help them recover faster from business interruption losses resulting from cloud service outages and cloud provider downtime. …
Read More Dallas-Based Bus Companies Settle Allegations of PPP Loan Violations for $3.9M
Tornado Bus Company, Inc. and El Expreso Group, LLC, two affiliated Dallas-based bus companies that operate numerous international bus routes between the United States and Mexico, agreed to pay $3.9 million to resolve allegations that the companies violated the False …
Read More Legal Battles Expected Over Corpus Christi’s Water Rate Referendum
Reservoirs have rebounded, but the fight over water isn’t over in Corpus Christi. The City Council has ordered a public referendum on a citizen-led petition that would sharply increase the price of water for industrial facilities during drought. The proposal …
Read More Midwest States Grapple With Recovery From Latest Severe Storms
Severe weather cut power to more than half a million people in the Chicago area and northwestern Indiana as perilous thunderstorms and tornadoes pummeled the region Tuesday, causing widespread damage and bringing lightning that injured people at an Ohio prison. …
Read More Shein Loses UK Lawsuit Against Temu Over Copyright Violations
Shein lost a UK lawsuit against PDD Holdings Inc.’s Temu over allegations its rival engaged in large-scale copyright violations. The Chinese-founded e-commerce giant must also compensate Temu for taking down thousands of product listings, according to a London court ruling …
Read More Taylor Farms Outbreaks Show Limits of US Ability to Safeguard Mexican Produce
Two foodborne illness outbreaks linked to Taylor Farms have exposed a weakness at the heart of North America’s food system: the United States is increasingly relying on Mexico’s produce industry, and regulators are straining to oversee it to keep consumers …
Read More Viewpoint: Storm Resilience Must Account for the Assets That Do Not Stay Put
Hurricanes, wildfires and other major weather events often dominate attention, but severe convective storms remain one of the most frequent and costly weather threats facing businesses. In 2025, there were a total of 23 billion-dollar disasters; 21 were severe storms. …
Read More Hawaii Faces More Tropical Threats From El Niño-Charged Pacific
A powerful patch of thunderstorms and wind is expected to strengthen into Tropical Storm Lala by Thursday before taking aim Hawaii this weekend. The weather system was 935 miles (1,500 kilometers) east-southeast of Hilo, Hawaii, with top winds of 35 …
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