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Rhine Falls to Lowest Since 1880, Threatening European Trade
The Rhine River’s water levels dropped to the lowest in nearly 150 years as hot, dry weather grips Europe, threatening to disrupt a crucial route for transporting coal, fuel and industrial commodities across a large swath of the continent. The …
POSTED AUGUST 04, 2026 9:26 AM |
Britain Says it Is Open to AI Regulation if Voluntary Safeguards Fall Short
Britain would consider regulating advanced AI models if its current voluntary system for testing them before deployment no longer proved sufficient to protect the public, AI Minister Kanishka Narayan told Reuters. Britain has favored a light-touch approach to AI regulation, …
POSTED AUGUST 04, 2026 9:01 AM |
Europe’s Wildfire Season Exposes Climate Insurance Gap
Domestic insurers are expected to absorb most of the losses from Europe’s worst wildfire season in recent history, but the blazes are also raising a bigger question: who will pay as climate-driven disasters become more frequent and destructive? Authorities have …
POSTED AUGUST 04, 2026 8:51 AM |
UBS Fined $125M by US Regulators for Money Laundering Violations
UBS was fined $125 million by U.S. regulators on Aug. 3 for violating the Bank Secrecy Act, the largest civil fine ever against a broker-dealer for violating the main U.S. anti-money laundering law. The U.S. Department of the Treasury’s Financial …
POSTED AUGUST 04, 2026 5:14 AM |
Product-Defect Presumption Lives On: Florida Appeals Court Upholds $103M vs. Ford
A Florida appeals court has upheld a $103 million jury award against Ford Motor Co. after a modified Ford Mustang exploded in 2017, leaving the owner with severe burns over much of his body and the loss of his hands. …
POSTED AUGUST 04, 2026 5:01 AM |
New Jersey Settles Trucker Misclassification Claims for $2.7 Million
The New Jersey Department of Labor and Workforce Development (NJDOL) has reached a $2.7 million settlement with STG Logistics, Inc. and subsidiaries resolving allegations that the shipping and logistics companies misclassified hundreds of truck drivers as independent contractors in violation …
POSTED AUGUST 04, 2026 5:00 AM |
California Supreme Court Rules for Gilead, Says Drugmakers Don’t Have ‘Duty to Innovate’
California’s highest court ruled on Monday that manufacturers of drugs that are considered safe do not owe a duty to patients to try developing drugs that could be even safer, ruling in favor of Gilead Sciences in the closely watched …
POSTED AUGUST 04, 2026 5:00 AM |
DOXA Buys LimitFi Platform for Credit Risk Insurance Products
Specialty insurance platform DOXA announced it has acquired LimitFi, a platform for capital and credit-risk insurance products. Connecticut-based LimitFi specializes in default-risk transfer and alternative credit products including non-payment insurance. The platform connects banks and lenders seeking capital relief and …
POSTED AUGUST 03, 2026 6:00 PM |
Farmers Files to Expand Coverage And Raise Rates for California Small Businesses
Farmers Insurance filed an upgraded business insurance rating plan to expand commercial insurance coverage for business owners across the state and a rate hike of 15%. The plan, which incorporates elements from the Sustainable Insurance Strategy, includes coverage in in …
POSTED AUGUST 03, 2026 5:28 PM |
Texas Hair Styling College Settles Discrimination Lawsuit
Dallas Barber and Stylist College, Inc., which operates multiple barber and hair styling locations and instructional campuses in the Dallas metropolitan area, will pay significant monetary damages and provide other relief to settle a pregnancy discrimination lawsuit filed by the …
POSTED AUGUST 03, 2026 4:53 PM |
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