Author: completebodyneeds

The US Justice Department is urging a federal judge to order the states and trade union challenging Paramount Skydance Corp.’s $110 billion takeover of Warner Bros. Discovery Inc. to post a bond to cover any potential late fees that result from their lawsuit. Paramount wants the states — led by California — and the Writers Guild of America to post a nearly $1.9 billion bond pending the outcome of their twin lawsuits, which are currently set for trial in March. The DOJ didn’t take a position on the size of the bond, but said federal law requires the states and…

Wind farm developer Vineyard Wind said on Wednesday it had resolved a legal dispute arising from turbine supplier GE Vernova’s effort to walk away from its $4.5 billion project in New England over claims it was owed more than $300 million. As part of a settlement, GE Vernova said it had withdrawn the termination notice it sent in February seeking to end its involvement in the wind farm project. It also dropped an appeal of an injunction requiring it to keep working on it. Both sides agreed to dismiss all pending legal claims, the companies said. Other terms of the…

Over the course of the summer, Russian attacks have been pushing ever deeper into European territory. On Aug. 11, military divers destroyed two drones floating off the coast of Romania near a €4 billion ($4.7 billion) energy project. Nine days later, Bucharest scrambled two F-16s to take out a maritime drone near the same Black Sea gas platform with hundreds of workers on board. Earlier that month, German police detected an armed UAV at Leipzig airport, while this week NATO jets downed another unmanned aircraft that entered Lithuanian airspace from neighboring Belarus, an ally of Moscow. In all these cases,…

Severe weather disruptions will amplify food security risks in Asia, potentially triggering civil unrest and political instability in vulnerable countries such as India, Indonesia and the Philippines, according to consultancy Verisk Maplecroft. The warning comes as the war in Iran has already disrupted fuel and fertilizer supplies, both of which are key agricultural inputs. Now, weather extremes linked to a powerful El Niño are further threatening crops across the region. Indonesia, the world’s biggest palm oil producer, is suffering from a rash of hard-to-control wildfires that have disrupted harvests. The monsoon rains that top rice exporter India relies on are…

The catastrophic mountain flooding in Nepal that killed more than 1,300 people was driven by a complex web of climate and seismic processes that made it nearly impossible to predict, according to an international team of scientists. Rising global temperatures thawed permafrost and thinned glaciers along the Langtang Lirung peak in the Nepalese Himalayas, which, combined with lingering structural damage from a 2015 earthquake, weakened the mountain face, according to the study released by World Weather Attribution, a global consortium of climate scientists. Record late-summer heat and excessive meltwater then added immediate stress prior to the Aug. 26 collapse, the…

Arthur J. Gallagher & Co. acquired Englewood, Colorado-based McMillan Insurance & Bonding Inc., dba Innovise Business Consultants. The Innovise Business Consultants team, led by Jason McMillan, will relocate to Gallagher’s Denver office under the direction of Bret VanderVoort, head of Gallagher’s Western Zone retail property/casualty brokerage operations. Innovise Business Consultants provides commercial insurance brokerage and surety bonding services with industry focuses of construction, energy, real estate and manufacturing. Arthur J. Gallagher is a global insurance brokerage, risk management and consulting services firm headquartered in Rolling Meadows, Illinois. Topics Mergers & Acquisitions A.J. Gallagher Was this article valuable? Yes No Here…

Palestinian activist Mahmoud Khalil sued Columbia University on Monday, alleging it failed to address harassment against him and other members of a pro-Palestinian campus group and retaliated against them when they reported it. The university’s “deliberate indifference” led to the doxing of multiple group members and Khalil’s detention by immigration agents, according to the civil rights lawsuit filed in federal court in New York City. At a news conference announcing the lawsuit, Khalil accused the university of “discrimination aimed at intimidating Palestinian students.” “We are suing because no student, regardless of their background, should go through the hell that Columbia…

New York law recognizes a claim against insurance companies for breach of the implied covenant of good faith and fair dealing, specifically where the insurance company’s handling of a claim frustrates the policy’s purpose and results in damages beyond the mere failure to pay policy proceeds. In such circumstances, an aggrieved policyholder may recover consequential damages arising from the bad faith breach so long as it alleges: (1) the consequential damages flowed naturally and proximately from the breach; (2) the damages were, or reasonably should have been, foreseeable; and (3) the damages were within the reasonable contemplation of the parties…

California Insurance Commissioner Ricardo Lara is proposing changing regulations to prohibit insurance companies from using a driver’s marital status as an optional factor when setting private passenger automobile insurance rates. Related: California Governor Signs Act to Create Smoke Damage Presumption “The price of your auto insurance should be based on how you drive, not whether you’re married,” a statement from Lara reads. “For 30 years, insurers have been allowed to use marital status when setting rates. Today, we are taking action to end that outdated practice and reinforce a simple principle: insurance rates should be grounded in actual driving risk,…

US government agencies are tracking cyber threats against nearly 20 shipping vessels around the world, according to US officials familiar with the situation. The Coast Guard has asked for advance notice if any of those ships plan to come into a US port, said the three people, who asked not to be identified because they aren’t authorized to speak publicly about the matter. The vessels’ specific destinations and manifests weren’t immediately known. Several commercial vessels were targeted in potential cyberattacks in late August, one official at the federal Cybersecurity and Infrastructure Security Agency said, noting that hackers didn’t appear to…