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US Accuses BP of Gross Negligence Over Spill (Financial Times)
The U.S. Department of Justice intends to prove at trial that gross negligence or wilful misconduct by BP caused the 2010 Deepwater Horizon disaster in the Gulf of Mexico, government lawyers have said, in the clearest statement yet that they are seeking the maximum possible penalties from the British oil group.


FDA Let Risk Drugs Hit Market (Wall St. Journal)
An FDA effort to speed approval of new medicines allowed drugs for stroke prevention, cancer and multiple sclerosis onto the market without proper safety analysis, according to two drug-safety experts.


Hurricane Isaac Could Cost Insurers $1.2 Billion (ABC News Mississippi)
Insurance claims from Hurricane Isaac are trickling in, with one estimate saying losses to insurers could total $1.2 billon.


Authorities: Insurer Didn't Pay Hole-in-One Prizes (Seattle Times)
The owner of an online company that refused to pay up after selling insurance to golf tournaments that offered "hole-in-one" prizes to participants has been charged with five felony counts of selling insurance without a license.


Theft Puts Maple Syrup Supply Chain in a Sticky Situation (Bloomberg Businessweek)
Culprits managed to siphon off $30 million worth of syrup. That's the equivalent of 10 million pounds or roughly 15,000 barrels and significantly diminishes supply.


Alarming Levels of Drug-Reistant TB Found Worldwide (Reuters)
Scientists have found an alarming number of cases of the lung disease tuberculosis in Africa, Asia, Europe and Latin America that are resistant to up to four powerful antibiotic drugs.


China's Curious Insurance Market (Financial Times)
One of the advantages of not having an insurance industry with hundreds of years of continuous history is that you get to make things up as you go along.


Death Toll from S. Korea Typhoon Rises (Yahoo! News)
South Korean rescuers Wednesday recovered two more bodies near two wrecked Chinese fishing boats, bringing the confirmed death toll from Typhoon Bolaven to 18.


Hurricane Isaac Storm Surge Tops Levees (Yahoo! News)
A storm surge from Hurricane Isaac topped a levee in Plaquemines Parish south of New Orleans early Wednesday, officials said, trapping those who chose not to evacuate.


Tropical Storm Isaac to hit N.O. as Category 1 Hurricane (Times-Picayune)
Tropical Storm Isaac remains rooted on a northwestward path that will take it on an agonizingly slow journey across the New Orleans area on Tuesday and Wednesday as a Category 1 hurricane.


'Superbug' Stalked Hospital, Killing Six (Washington Post)
As a deadly infection, untreatable by nearly every antibiotic, spread through the National Institutes of Health's Clinical Center last year, the staff resorted to extreme measures.


Insurers Face Big Agriculture Losses (Financial Times)
The insurance industry faces its biggest ever loss in agriculture as the worst drought to hit the US in more than half a century devastates the country's multibillion-dollar corn and soyabean crops, triggering large claims.


Corporate Websites: Easy Prey for Cyber Crime (CFO)
Cyber security has been an issue for years. But cyber criminals -- be they organized-crime gangsters, politically motivated "hackivists," or even state-sponsored spies -- are getting more clever. What's particularly worrying is that their job is made easier by the very organizations they are all trying to penetrate.


Charlotte Buys $10M Insurance Policy to Cover DNC-Related Lawsuits (Charlotte Business Journal)
Charlotte is not taking any chances when it comes to liabilities that could result from protest activity or related arrests during next month's Democratic National Convention.


West Nile Outbreak One of Largest in U.S. (Wall St. Journal)
The current West Nile outbreak is one of the largest in the U.S., with four times the usual number of cases for this time of year, federal health officials said Wednesday.


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