Compiled by our editors with an eye to the quirky and the profound ways in which risk management and insurance impact our world.
The Congressional Budget Office estimates
that 22 million people would lose health care
insurance coverage under a proposed Senate bill
that would modify the Affordable Care Act.
In 2012, the University of Mississippi
Medical Center first discovered
centuries-old corpses of state insane
asylum patients buried on campus
property. Ongoing excavation has
brought the estimated body count to
7,000, which will cost the university
around $21 million to relocate.
California ruled that Glyphosate,
an active ingredient in Monsanto’s
Roundup weed killer, is cancer-causing.
A fake news story about the death of the creator of
Ethereum, the world’s second most valuable
cryptocurrency, almost immediately wiped out $4
billion of the currency’s total market value.
A shortage of steering gears at German auto
parts supplier Bosch led to a significant
production stoppage and potentially
millions in losses for BMW plants in
Germany, South Africa, and China. The
problem originated from a bottleneck
at an Italian manufacturer of castings
used in the steering gears.
Analysts estimate that British Air will pay $192
million in compensation to passengers when an IT
outage delayed flights for two days.
Google was rocked in June when EU officials
handed down a $2.7 billion fine, charging
the search giant with antitrust violations.
To reduce property damage risks from heavy truck traffic, the town of
Wacken in north Germany is investing in a €1 million pipeline system
to pump in beer for an upcoming heavy metal festival.
Organizers expect to pump in 400,000 liters of head-banging brew.
A lawsuit alleging that Hershey is intentionally
under-filling packages of Whoppers, Reese’s Pieces
and other candy has gotten the green light to move
forward. The plaintiff is asking for $5 million to be
returned to customers.
An Iowa health insurer could be facing
hundreds of thousands in HIPAA
violation fines after an executive made
public comments identifying the gender
and age of a teen hemophiliac patient
whose care currently costs $1M a year.
A new E.U. food safety rule stating
that potatoes be blanched in
hot water before frying is
sparking backlash in Brussels,
where the craft of making
frites is engrained in Belgian
Sunoco is asking a Pennsylvania judge
for an injunction to remove tree
sitters who are blocking construction
of a natural gas pipeline in
Huntingdon County, Pa.
An Arcadia, Calif. liquor store lost a hefty chunk of its
priciest wines and champagnes thanks to a rowdy peacock
which was trying to avoid capture by local animal
control officers. “She had expensive taste,”
said the store owners.