Top court to review landmark case regarding “time on risk”

Canada’s top court has agreed to review a recent ruling that multiple insurers who are on the hook consecutively for long-tail claims spanning decades only have a duty to pay legal defence costs for the proportion of time their insurance…The post Top court to review landmark case regarding “time on risk” appeared first on Canadian Underwriter.

EV Bubble Warning After New Tariffs

The electric vehicle bubble popped around a year ago. Tesla (TSLA) is the only stock whose valuation defies the overall headwinds. While the robotaxi announcement this week should prop TSLA stock at current levels, the rest of the industry is in trouble.Last week, the European Union imposed large tariffs on China-made EVs. Germany, Europe’s largest economy, opposed the tariff. The country does not want a trade war with Beijing, but doing so would hurt its economy since it raises costs for suppliers. Consumers would end up paying for the tariff.The tariffs will add up to 45% in costs for…

Chevron Sells Canadian Assets For $6.5 Billion

U.S. oil major Chevron (CVX) has sold some of its Alberta oil sands assets to Canadian Natural Resources (CNQ) for $6.5 billion. The sale concerns Chevron’s 20% interest in the Athabasca Oil Sands Project and a 70% holding in the Duvernay shale project, both located in Alberta. The all-cash sale is expected to close by year’s end, according to Chevron. The asset sale comes as Chevron focuses its growth on the Permian basin in Texas and the Tengiz oil field in Kazakhstan, where a $48.5 billion U.S. expansion is almost completed. Chevron is also in the process of buying Hess Corp. (HES) for $…

Astrobiology Explorer Europa Clipper Buttoned Up For Launch – Astrobiology News

Astrobiology Explorer Europa Clipper Buttoned Up For Launch  Astrobiology NewsNASA releases photo of ocean world. It shows why NASA’s going there.  MashableHow to watch SpaceX’s Falcon Heavy rocket launch NASA’s Europa Clipper probe on Oct. 10  Space.comWith the Europa Clipper mission, NASA hopes to find signs of life  CBC.caEuropa is an icy ocean world—and NASA is finally going to explore it  National Geographic