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Business News: FM Global Research Lab, Friss and Munich Re, MedRisk and Raintree

FM Global Expands Research Lab FM Global, an international commercial property insurer, had opened a electrical hazards and gas detection laboratory on its research campus in West Glocester, Rhode Island. The carrier said in a press release that the facility …

Safety Board Says Corroded Pipe Led to Philadelphia Refinery Fire

NEW YORK, Oct 16 — An old, degraded piece of metal pipe that had not been tested for corrosion led to a June fire and explosions at the Philadelphia Energy Solutions oil refinery, the U.S. Chemical Safety and Hazard Investigation …

Suit Challenges Michigan Regulator Over $250,000 Benefit Cap

LANSING, Mich. — The administrator of a plan that covers the medical expenses of uninsured non-drivers who are injured in car crashes is suing the state of Michigan, alleging that a regulator’s recent orders conflict with the state’s new auto …

Nor’easter Steering Toward New York City With Flooding Rainfall

A nor’easter barreling up the East Coast is aiming to soak the New York metro region starting around 4 p.m. today, whipping coastal areas with high winds and dropping a wet blanket on the baseball playoff game between the Yankees …

J&J Makes $4 Billion Opioid Offer as Distributors Seek Deal

Johnson & Johnson has offered to pay $4 billion to settle all claims accusing the company of helping fuel the U.S. opioid epidemic, as part of a potentially larger deal involving drugmakers and distributors that could top $20 billion. J&J’s …

California Fuel Tank Fire Contained, and Shelter Order Ends

A fire at a San Francisco-area fuel terminal is contained after spewing black smoke high in the air, snarling rush-hour traffic and prompting officials to ask residents to take shelter. Authorities are working to assess any health threat from the …

Aon: Mega Claims Driving Hardening of Hospital and Physician Liability Market

At first blush, it appears all is well within the hospital and physician professional liability market: For claims costing less than $2 million, severity is projected to increase 2% and frequency is expected to be flat, according to an analysis …

Hyundai Motor Group Unveils $35 Billion Investment Plan in Self-Driving Cars

SEOUL — Hyundai Motor Group said it plans to invest 41 trillion won ($35 billion) in mobility and other auto technologies by 2025, part of which will be directed to an ambitious effort to become more competitive in self-driving cars …

Pictures Raise Specter of Fake Evidence in 737 Max Crash Probe

Weeks after a Lion Air jet crashed in the Java Sea, killing all 189 aboard, an airline employee gave investigators photographs meant to show that a crucial repair had been properly performed the day before the disaster. Yet the pictures …

Cedar Rapids Struggling To Maintain Rare Houseboat Harbor

CEDAR RAPIDS, Iowa — Time is running out on Ellis Harbor as erosion buckles infrastructure and creates safety hazards, residents of the out-of-the-way refuge on the Cedar River say. And while the city has invested, they say, it has put …

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