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Archive: December 2023

Louisiana Police Say a Drunken Driver Smashed Into a Building, Then Left a Debris Trail Leading to a Bar
Insurance Journal | December 19, 2023
Louisiana Police Say a Drunken Driver Smashed Into a Building, Then Left a Debris Trail Leading to a Bar
SLIDELL, La. (AP) – A drunken driver who fled after smashing into a Louisiana building left a debris trail that officers followed to find him at a bar, according to police. Police officers in Slidell were dispatched Saturday night to …
Biden Administration Launches Formal Evaluation of Vinyl Chloride Risks After Ohio Train Derailment
Insurance Journal | December 19, 2023
Biden Administration Launches Formal Evaluation of Vinyl Chloride Risks After Ohio Train Derailment
WASHINGTON (AP) – The Biden administration has initiated a formal evaluation of risks posed by vinyl chloride, the cancer-causing chemical that burned in a towering plume of toxic black smoke following a fiery train derailment earlier this year in eastern …
TSLA Names Officers and Directors at Annual Meeting
Insurance Journal | December 8, 2023
TSLA Names Officers and Directors at Annual Meeting
The Texas Surplus Lines Association, Inc. announces the election of the following Officers and Directors at its 68th Annual Meeting held at the Four Seasons Hotel Austin on November 13, 2023. President – Kimmi Cantwell, McGowan, Donnelly & Oberheu, LLC …
Microsoft’s OpenAI Investment Risks Scrutiny From US, UK Regulators
Insurance Journal | December 8, 2023
Microsoft’s OpenAI Investment Risks Scrutiny From US, UK Regulators
The US Federal Trade Commission is examining the nature of Microsoft Corp.’s investment in OpenAI Inc. and whether it may violate antitrust laws, according to a person familiar with the matter. The inquiries are preliminary and the agency hasn’t opened …
Son of North Dakota Senator Crashes During Police Chase, Killing Sheriff`s Deputy
Insurance Journal | December 8, 2023
Son of North Dakota Senator Crashes During Police Chase, Killing Sheriff`s Deputy
BISMARCK, N.D. (AP) – The 42-year-old son of U.S. Sen. Kevin Cramer crashed into a North Dakota sheriff`s vehicle during a police chase, pushing it into a deputy and killing him, according to authorities and the Republican senator`s family. Ian …
5th Circuit Largely Sides With Louisiana Sheriff`s Deputies Accused in Lawsuit of Using Excessive Force
Insurance Journal | December 8, 2023
5th Circuit Largely Sides With Louisiana Sheriff`s Deputies Accused in Lawsuit of Using Excessive Force
NEW ORLEANS (AP) – A federal appeals court has largely sided with two white Louisiana sheriff`s deputies in a lawsuit filed by a Black woman, rejecting her claims that they used excessive force against her as they investigated an allegation …
Ohio Settles Lawsuit With Chemical Companies For $110 Million Over PFAS Contamination
Insurance Journal | December 1, 2023
Ohio Settles Lawsuit With Chemical Companies For $110 Million Over PFAS Contamination
DOVER, Del. (AP) – The DuPont Co. and two spin-off firms will pay $110 million to the state of Ohio to settle a lawsuit over environmental threats from toxic chemicals used at a former DuPont facility in neighboring West Virginia, …
Despite Insurance Costs, Lux Condos Going Up: Miami Tower to Have $150M Penthouse
Insurance Journal | December 1, 2023
Despite Insurance Costs, Lux Condos Going Up: Miami Tower to Have $150M Penthouse
(Bloomberg) — A roughly 13,000-square-foot, full-floor penthouse and roof at the Rosewood Residences, a 17-story condo tower designed by Peter Marino in Miami’s South Beach, could soon be the most expensive in Miami Beach’s history. It’s priced at “over $150 …
Climate Change, Natural Disasters Sent Texas Homeowners Insurance Rates Skyrocketing in 2023
Insurance Journal | December 1, 2023
Climate Change, Natural Disasters Sent Texas Homeowners Insurance Rates Skyrocketing in 2023
Insurance companies across Texas have dramatically increased home insurance rates this year, state filings show, as climate change spooks executives and inflation pushes up costs to rebuild after natural disasters. Texas is prone to hurricanes and flooding, both of which …
Insurance, Cat Bonds Can Help Boost Poorer Countries’ Resilience to Climate Risks
Insurance Journal | December 1, 2023
Insurance, Cat Bonds Can Help Boost Poorer Countries’ Resilience to Climate Risks
Low-income countries are struggling to access insurance, catastrophe bonds and other hedging mechanisms that could help protect them from the economic fallout of climate change, industry sources told Reuters. Helping these countries, which face some of the biggest risks from …