The cannabis world is buzzing about a possible move to reclassify marijuana from Schedule I to Schedule III under the Controlled Substances Act. If it happens, it will be a meaningful shift—especially for taxes and market access—but it will not be a magic wand. For insurers, brokers, risk managers, and cannabis operators, the likely impact … Read more
The director of a company at the center of a probe into the sale of counterfeit plane parts pleaded guilty to a charge of fraudulent trading. AOG Technics Ltd.’s director, Jose Alejandro Zamora Yrala, appeared at Southwark Crown Court on Monday wearing a blue suit and tie, speaking only to confirm his name and enter … Read more
Trafigura lawyers accused Prateek Gupta of having had a history of fraudulent dealings before he allegedly organized a $600 million metals scam with the commodity group, as the Indian businessman gave evidence for the first time on Wednesday. Gupta acknowledged he was being investigated for fraud in India, but denied the allegations as he took … Read more
The company behind a trucking navigation and compliance apps has launched its own insurance agency. Earlier this month, Trucker Path announced the launch of its in-house, digitally enabled retail agency focused exclusively on trucking insurance. Trucker Path Insurance debuted with a $7 million book of business focused exclusively on the trucking sector. TPI offers a … Read more
The case – against a British water company and two chicken producers, who all deny responsibility – has been launched on behalf of almost 4,000 people who say their lives are being negatively affected by river pollution. And while legal action brought against river polluters is not new, there has never been a UK case … Read more
Thames Water was among Britain’s most-polluting water companies last year as the total number of serious incidents jumped 60%, the Environment Agency said Thursday. Thames’ failure to improve its environmental performance, as well as sky-high debts, have left the firm in crisis. Its creditors are locked in talks with the industry regulator to rescue the … Read more