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Jury Says Medtronic Owes $88 Million in First Trial Over Covidien’s Hernia Mesh
Medtronic must pay an Alabama man and his wife $88 million, a federal jury decided on Tuesday, in the first case to go to trial out of thousands facing the company from people claiming they were injured by hernia-repair mesh …
POSTED AUGUST 05, 2026 6:46 PM |
Amazon’s Zoox to Levy Fares, in US First for Controls-Free Taxis in Vegas
Amazon.com Inc.’s Zoox robotaxi division will start charging fares next week in Las Vegas, marking a first in the U.S. for autonomous vehicles without driver controls. Zoox will charge Vegas customers starting Aug. 10, with fares calculated from a base …
POSTED AUGUST 05, 2026 5:40 PM |
LDI Introduces One-Time Process for Military Auto Insurance Discount
The Louisiana Department of Insurance has revised the application process for military members to receive a 25% discount on the liability portion of their auto insurance premium. Under a bulletin issued this week by Commissioner Tim Temple, eligible service members …
POSTED AUGUST 05, 2026 4:40 PM |
Illinois Agrees to $20M Settlement With Distributor of Popular Vape Brands
Illinois Attorney General Kwame Raoul announced a settlement with the entities responsible for distributing Posh, one of Illinois’ bestselling disposable vape brands. The settlement resolves allegations the entities violated the Illinois Youth Prevention Vaping Act by selling unauthorized flavored e-cigarettes …
POSTED AUGUST 05, 2026 4:27 PM |
Kansas Insurance Commissioner Schmidt Loses GOP Primary for Governor
Kansas Insurance Commissioner Vicki Schmidt’s bid to become the state’s next governor came up short Tuesday. Schmidt finished third in the Republican Primary, losing to state senator Ty Masterson. Schmidt received 13.7% of the vote. Schmidt was elected insurance commissioner …
POSTED AUGUST 05, 2026 4:15 PM |
Inszone Acquires Oklahoma’s Chelf Insurance Group
Inszone Insurance Services has acquired Chelf Insurance Group, expanding Inszone’s footprint in Oklahoma. Co-owners Justin Crane and Nate Crow officially founded Chelf Insurance Group in 2024. The agency established a significant local presence by acquiring a 50-year-old insurance book in …
POSTED AUGUST 05, 2026 3:53 PM |
Ex-VW Engineers Plead Not Guilty to US Insider Trading Charges
Two former Volkswagen AG engineers denied charges they made a combined $300,000 trading on secret information about the German carmaker’s planned $5 billion joint venture with electric-vehicle maker Rivian Automotive Inc. The engineers, Michael Stamp and Marcus Plank, both in …
POSTED AUGUST 05, 2026 3:33 PM |
People Moves: Antares Names Leadership Team After Death of CEO van der Straaten
Following the passing of CEO Michael van der Straaten in July, Antares Global, the specialist re/insurance group, has announced its new leadership structure. Oversight of the Antares Global’s business will remain with Ahmed El Tabbakh, QIC’s group chief business officer …
POSTED AUGUST 05, 2026 3:09 PM |
Data Centers Exposed Carriers to China Hack, House Panel Says
US telecommunications companies connected their systems to data centers and related infrastructure in a way that exposed them to cybersecurity vulnerabilities, potentially opening the door to the massive Salt Typhoon hacking campaign that breached several mobile carriers two years ago, …
POSTED AUGUST 05, 2026 2:28 PM |
Proposed Hormuz Deal Would Give Iran Control of Inbound Traffic, Sources Say
A proposed deal between Iran and Oman would give Tehran control over ships entering the Gulf through the Strait of Hormuz, a senior Iranian source and two regional officials told Reuters on Wednesday, in one of the biggest concessions yet …
POSTED AUGUST 05, 2026 2:26 PM |
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