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Commission Says Humanity to Pay Massive Cost for Not Adapting to Climate Change

Slowing the planetary march toward climate catastrophe—and the multitrillion-dollar investment required to do it—has become a central issue of global and national debate. But there’s the equally expensive matter of dealing with the here and now: From historic wildfires to …

Viewpoint: It’s Time to Regulate Outer Space

Last week, the European Space Agency reached out to to warn Elon Musk’s Space Exploration Technologies Corp. that one of its satellites might collide with a SpaceX communications satellite. When ESA first raised such concerns in late August, the chances …

Business News: FloodMapp, Ironshore, Sedgwick

FloodMapp Announces U.S. Launch of Flood-Prediction Technology FloodMapp, a firm founded in Brisbane, Australia that provides predictive flood modeling, will soon offer its product in Texas and Florida. The company said in a press release that FloodMapp uses a proprietary …

National Weather Service Chief Backs Forecasters who Contradicted Trump

HUNTSVILLE, Ala. — The head of the National Weather Service issued a strong public defense Monday of forecasters who contradicted President Donald Trump’s claim that Hurricane Dorian posed a threat to Alabama as it approached the United States. Director Louis …

PG&E’s Plan to Cap Fire Liabilities at $18 Billion Draws Ire

California utility giant PG&E Corp. has issued its long-awaited plan for emerging from the largest utility bankruptcy in U.S. history: Raise debt, offer equity and cap wildfire liabilities that led to its collapse at $18 billion — less than half …

Musk Deposed in Class-Action Lawsuit Over Tesla SolarCity Merger

Tesla Inc. Chief Executive Officer Elon Musk said he was involved in some discussions about the $2.6 billion acquisition of SolarCity in 2016, though he recused himself from a board vote approving the initial offer. Musk made the disclosure when …

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 …

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