Author: completebodyneeds

Even as Europe’s heat wave finally breaks, money managers say they’re still coming to terms with how climate change will affect their portfolios. Pictet Asset Management’s Katie Self says her firm has been fielding calls from clients about the risks and opportunities posed by the extreme heat. Nuveen says Europe’s drought will soon start affecting corporate credit spreads. Over at Rathbones Asset Management, fund manager David Harrison says he’s bullish on companies involved in climate solutions and grid infrastructure. “Climate adaptation and resilience is one of the most important investment themes of the next decade, but also the most difficult…

Japanese insurer Tokio Marine has identified Australian insurer Suncorp as a preferred takeover target after reviewing several potential options, the Financial Times reported on Tuesday, citing people familiar with the matter. Tokio Marine reviewed several takeover targets over the past months, including Insurance Australia Group (IAG) and Suncorp, as well as Canada’s Intact Financial Corp., the report said. Two people with direct knowledge of the matter told the FT that Suncorp had emerged as the preferred target for the Berkshire Hathaway-backed Japanese insurer, with the Canadian general insurer deemed too large. The sources warned that discussions were ongoing and there…

A federal judge has approved a $117.5 million data breach settlement against Comcast Cable Communications. The agreement represents one of the largest data breach settlement amounts and, with 31.7 million potential members, one of the largest classes in a data breach case. The case also represents one of the more complex data breach cases to date, according to Judge John Younge of the U.S. District Court for the Eastern District of Pennsylvania. Comcast customers complained about a data breach that occurred between October 16 and October 19, 2023, when cybercriminals exploited the “Citrix Bleed” vulnerability in the Citrix NetScaler appliance…

OpenRoad Insurance, a provider of specialized insurance for classic and collector vehicles and related coverages, said it is now licensed in 40 U.S. states, up from 35 since March. OpenRoad launched two years ago. The latest states added to OpenRoad Insurance’s portfolio include: New York; New Hampshire; Vermont; North Carolina; and Delaware. “Reaching 80% of states in two years is a testament to the hard work of our product team,” said Richard Hutchinson, chief executive officer of OpenRoad Insurance. “We built OpenRoad Insurance for the everyday car enthusiast who wants great coverage at a fair price, and an easier insurance…

Harvard Medical School says it agreed to pay $53 million to settle class action lawsuits by relatives of body donors whose remains were sold on the black market by its former morgue manager. Harvard Medical School Deans George Q. Daley and Bernard S. Chang announced the development in a letter to the community lasr Tuesday, calling the actions of former morgue manager Cedric Lodge “despicable, abhorrent, and a flagrant betrayal of our values as a medical community.” Pending court approval, Harvard said that two class action settlement funds totaling $53 million will be established to resolve the lawsuits. A Harvard…

A preschool’s insurance carrier is partly obligated to defend a child abuse negligence suit, despite alleged criminal acts. And an employer’s share of attorney fees must be deducted from the amount available from subrogation—not from the full settlement amount in a worker injury suit, the Kentucky Supreme Court decided in separate cases last week. First, the subrogation case: A grocery store worker, Chantella Blackburn, was injured in 2022 when she stepped off a ladder onto a poorly placed vendor’s cart and fell. Through workers’ compensation insurance, she received temporary total disability and medical benefits totaling about $25,250. Blackburn also sued…

So-called “nuclear” verdicts did not subside in 2025. In fact, it was quite the opposite. According to a new report from strategic communications and research firm Marathon Strategies, there were nearly 200 verdicts resulting in an award of at least $10 million in 2025. Verdicts like this against corporate defendants have come to be known as nuclear verdicts, and the total from 2025—a 40.7% increase over 2024—is the highest Marathon has seen since 2009. The total sum of the identified nuclear verdicts was about $25.6 billion, Marathon said, with 40 cases reaching what the firm described as “thermonuclear” level, or…

Los Angeles is bracing for a lengthy heat wave as the weather system that’s cooked Texas expands westward and begins stripping moisture from Southern California’s terrain. Heat alerts stretch from Santa Barbara along California’s central coast to the U.S.-Mexico border more than 200 miles (322 kilometers) southeast. Temperatures in downtown LA are forecast to approach 100F (38C) each day through Friday, according to the US National Weather Service. A little inland, daily highs are projected to get near 110F in the San Fernando Valley in the LA area. The high heat risks further drying out plants and soil around Southern…

A Texas court on Friday slashed a $50 million judgment that conspiracy theorist Alex Jones was ordered to pay families of the 2012 Sandy Hook Elementary School massacre over his false claims that one of the deadliest mass shootings in U.S. history was a hoax. The Infowars founder can only be forced to pay about $6 million, the Texas Third Court of Appeals ruled in a unanimous opinion, citing state laws that limit lawsuit damages. The ruling does not affect a separate $1.25 billion judgment against Jones in Connecticut, where he was also found liable for defaming and causing emotional…

The U.S. Department of Labor has cited a Wisconsin-based food products manufacturer after two incidents involving industrial kettles releasing hot steam and liquid, causing three worker deaths and two serious injuries. Investigators with the department’s Occupational Safety and Health Administration responded to the first incident on Feb. 12, 2026, at IPMF LLC, operating as NaturPak. The incident involved the lid of an industrial kettle unexpectedly opening after a clogged vent line led to pressure building up, and then releasing steam, liquid, and organic material onto two employees nearby. One of the employees was also struck by an object and suffered…