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Climate Change to Cost London Up to £36 Billion a Year by 2050s
Climate change could cost London as much as £36 billion ($50 billion) a year by the 2050s, the Mayor of London’s office said in a report.Lost working hours, disruption to businesses and damage to infrastructure caused by extreme weather in …
POSTED AUGUST 20, 2026 11:04 AM |
China Sentences Evergrande’s Founder Hui to Life for ‘Heinous’ Crime
China Evergrande Group’s founder Hui Ka Yan has been sentenced to life in prison, bringing an end to one of the most dramatic rise and fall stories in China’s corporate history.The disgraced property tycoon, once Asia’s second richest man, had …
POSTED AUGUST 20, 2026 10:21 AM |
People Moves: Rhyner to Lead AXIS’ N.A. Financial Lines, Programs
AXIS Capital Holdings Limited said Jim Rhyner has been appointed head of North America financial lines, programs, and Canada. Rhyner will take the role on Aug. 31 and report to Head of North America Mike McKenna. He will work out …
POSTED AUGUST 20, 2026 6:23 AM |
Progressive Boosts Exposure With Football Field Logos at 13 Universities
Progressive insurance, already one of the most-recognized U.S. insurance brands, will gain more exposure this fall with its logo placement on 13 college football fields, including the fields at Ole Miss, Georgia, Oregon, USC, Boise State, Colorado State, Iowa, Kansas …
POSTED AUGUST 20, 2026 5:41 AM |
Zuckerberg Did Not Make Child Safety a Priority at Meta, Former Engineer Testifies
A former engineering director at Meta Platforms testified on Wednesday that CEO Mark Zuckerberg was responsible for a culture that may have led the company to shirk its responsibility to protect children who use its Facebook and Instagram platforms from …
POSTED AUGUST 20, 2026 5:13 AM |
People Moves: King Risk Names M&A VP; Tower MSA Hires Chief Legal Officer
King Risk Partners, ranked as the 36th-largest independent agency in the U.S., is planning for continued growth in coming years. The Gainesville, Florida-based firm this week named M&A specialist Colton Houseman as executive vice president over mergers and acquisitions. Houseman …
POSTED AUGUST 20, 2026 5:03 AM |
Automakers Paying $11.5M to Settle Mexican Engineers’ Claims of Job Deception
In a federal court case that gained little attention until recently, Hyundai and Kia automakers and staffing firms this summer agreed to pay more than $11.5 million—plus another $3.4 million in attorneys’ fees—to settle a class-action lawsuit brought by Mexican …
POSTED AUGUST 20, 2026 5:02 AM |
North Carolina Banned Litigation Funding but Other States not Following Suit
The decade-long war between the third-party litigation funding sector and the commercial insurance industry reached a turning point when North Carolina became the first state to ban commercial litigation funding on June 22. While some legal and business publications framed …
POSTED AUGUST 20, 2026 5:02 AM |
CIAB Survey: Overall Soft Market Conditions Continue in Q2
Average commercial insurance premiums decreased across all account sizes for the first time since 2017 during the first quarter. The trend continued for the second quarter. During Q2 2026, The Council of Insurance Agents & Brokers (CIAB)’s market survey found …
POSTED AUGUST 20, 2026 5:00 AM |
Report Shows Growing Silicosis Epidemic Among Quartz Countertop Workers
Newswise — A new report documenting California’s rapidly growing silicosis epidemic among quartz countertop workers underscores the urgent need for a national effort focused on stronger surveillance, earlier diagnosis and policy interventions to protect workers from a preventable yet often …
POSTED AUGUST 20, 2026 5:00 AM |
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