Monthly Archives: <span>September 2019</span>

Delivery Drone Unveiled by a Startup Joins Air Race for Commerce

A startup hoping to challenge more established drone delivery giants such as Amazon.com Inc. is unveiling a pod-like craft that it predicts could someday be used by stores to get products to customers within minutes. The company, Flirtey Inc., also …

California Dive Boat Owners Seek to Head Off Lawsuits After Tragic Fire

The owners of the dive boat where 34 people perished in a fire off Southern California filed a lawsuit Thursday to head off potentially costly litigation, a move condemned by some observers as disrespectful to the families of the dead. …

Purdue Fails in Bid to Nix Public Nuisance Claim Over Opioids

The U.S. judge overseeing nationwide litigation concerning the opioid crisis on Monday rejected Purdue Pharma LP’s effort to dismiss claims that its activities caused a public nuisance. U.S. District Judge Dan Polster in Cleveland said a reasonable jury could conclude …

Hurricane Dorian Insured Losses in Bahamas Could Hit $6.5 Billion: RMS

Insured losses in the Caribbean from Hurricane Dorian is estimated at $3.5 billion to $6.5 billion, according to RMS, the risk modeling and analytics firm. This estimate represents insured losses associated with wind and storm surge damage across the Caribbean …

Catastrophe Scenarios Highlight Need to Better Understand Cyber Risk

As the cyber insurance market has continued its rapid growth, its loss vulnerabilities have become increasingly clear. A new report from Guy Carpenter and CyberCube Analytics has identified potential loss scenarios in the current market that run in the billions …

Vaping Lung Illness May Be Linked to Cannabis Product, Say Health Officials

Severe, mysterious lung illnesses that have struck more than 200 people around the country may be tied to an ingredient in cannabis-containing vapor products, said the New York State Department of Health. New York and other states, as well as …

Tesla Insurance Will Seek to Use Driver Video, GPS Data

Tesla Inc.’s use of individual customer data, such as vehicle camera footage and GPS, to price its new insurance products will depend on drivers’ authorization and individual U.S. state laws, a senior company executive said on Wednesday. “The data is …

Hackers Net $4.2M in Cyber Theft from Oklahoma Pension Fund

OKLAHOMA CITY — The FBI is investigating after computer hackers managed to steal about $4.2 million in funds from a pension system for retired Oklahoma Highway Patrol troopers and other state law enforcement officers, state officials said Friday. A notice …

Facebook Faces Massive Damages in Cambridge Analytica Suit

Facebook Inc. users suing over the social network’s worst-ever privacy scandal gained leverage to pry into its internal records to back up their claims that it failed to safeguard their personal data, exposing the company to potentially billions of dollars …

Drugmaker Insys Wins Bankruptcy Court Approval to Sell Off Opioid

Drugmaker Insys Therapeutics Inc on Thursday won court approval to sell its flagship fentanyl spray to a buyer who agreed to only market the drug for use by cancer patients, in response to concerns about the product’s role in fueling …