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Archive: July 2023

Containment of Massive Southern California Wildfire Grows
Insurance Journal | July 19, 2023
Containment of Massive Southern California Wildfire Grows
Fire crews built containment lines and patrolled for hot spots throughout the day on Wednesday to continue to keep a massive Southern California wildfire from growing. Containment on the Rabbit Fire grew to 55% with extreme heat and low humidity …
Alaska Volcano Eruption Eases After Massive Ash Cloud
Insurance Journal | July 19, 2023
Alaska Volcano Eruption Eases After Massive Ash Cloud
An ongoing eruption of a remote volcano in Alaska’s Aleutian Islands produced an ash cloud so large this week that warnings were sent to pilots about potentially dangerous conditions. An ash cloud with an initial height of around 5.5 miles …
European Heat Wave Sees Temperatures Reaching 115F in Sardinia as Greece Burns
Insurance Journal | July 19, 2023
European Heat Wave Sees Temperatures Reaching 115F in Sardinia as Greece Burns
Europe baked in intense heat, with temperatures reaching almost 46C (115F) on the Italian island of Sardinia on Wednesday, as wildfires continued to rage in Greece. Authorities warned lives were in danger after the latest blast of Saharan heat saw …
Cancer Clusters Prompt Houston’s Multi-Million Dollar Plan to Relocate Affected Residents
Insurance Journal | July 19, 2023
Cancer Clusters Prompt Houston’s Multi-Million Dollar Plan to Relocate Affected Residents
HOUSTON (AP) – Houston plans to spend millions of dollars to relocate residents from neighborhoods located near a rail yard polluted by a cancer-linked wood preservative that has been blamed for an increase in cancer cases, the city’s mayor announced …
Truck Makers Complying with California Rules Phasing Out Gas-Powered Vehicles
Insurance Journal | July 10, 2023
Truck Makers Complying with California Rules Phasing Out Gas-Powered Vehicles
Some of the nation`s largest truck makers pledged to stop selling new gas-powered vehicles in California by the middle of the next decade, part of an agreement with state regulators aimed at preventing lawsuits that threatened to delay or block …
2019 Houston Chemical Fire Could Have Been Prevented, Federal Investigation Finds
Insurance Journal | July 10, 2023
2019 Houston Chemical Fire Could Have Been Prevented, Federal Investigation Finds
A massive Houston-area chemical fire that burned for three days in 2019 could have been prevented if proper procedures were in place at the chemical storage facility run by the Intercontinental Terminals Co., according to an investigation released Thursday by …
People Moves: Stephens Insurance Appoints Krutsch
Insurance Journal | July 10, 2023
People Moves: Stephens Insurance Appoints Krutsch
Stephens Insurance Appoints Rich Krutsch as Senior Vice President, Employee Benefits Division Stephens Insurance, LLC, an affiliate of Stephens Inc., announced the hiring of Rich Krutsch as a senior vice president within the employee benefits division. Mr. Krutsch brings more …
Artificial Weatherman? AI Could Better Predict Hurricanes, Research Paper Says
Insurance Journal | July 10, 2023
Artificial Weatherman? AI Could Better Predict Hurricanes, Research Paper Says
Artificial Intelligence may be the key to more accurate and more timely hurricane predictions, China-based researchers have reported in the scientific journal Nature. In two papers in the journal, the researchers, including scientists affiliated with the Chinese tech company Huawei, …
SVB Financial Sues FDIC to Recover $1.9B Seized in Bank Rescue
Insurance Journal | July 10, 2023
SVB Financial Sues FDIC to Recover $1.9B Seized in Bank Rescue
Bankrupt SVB Financial Group has sued the U.S. Federal Deposit Insurance Corp (FDIC) to recover the $1.93 billion that the regulator seized while it took over Silicon Valley Bank in March, a filing in a bankruptcy court on Sunday showed. …
‘Stoneos’ Cannabis Cookies Look Too Much Like Oreos, Says FTC
Insurance Journal | July 10, 2023
‘Stoneos’ Cannabis Cookies Look Too Much Like Oreos, Says FTC
Six companies that make snacks with the active ingredient of cannabis have been sent cease and desist letters because the packaging looks too much like foods that kids love, including “Stoneos” that mimic Oreo cookies, the U.S. Federal Trade Commission …