Monthly Archives: <span>July 2023</span>

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

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 …

Awkward Insurance Podcast Wins Silver at IMCA’s 65th Annual Showcase Awards

AUSTIN, TX, July 10, 2023 — The National Alliance for Insurance Education & Research proudly announces the prestigious recognition of their Awkward Insurance Podcast at the 65th Annual Insurance Marketing & Communications Association (IMCA) Showcase Awards. The podcast episode, “What’s …

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

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

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 …

Whiskey Fungus, Liability, Tax Breaks Killing the Buzz for Residents Near Distilleries

For decades, the whiskey and bourbon makers of Tennessee and Kentucky have been beloved in their communities. The distilleries where the liquor is manufactured and barrelhouses where it is aged have complemented the rural character of their neighborhoods, while providing …

California Utility Pays $22M to Settle Claims in 2016 Wildfire

Southern California Edison and two other companies have paid $22 million to settle U.S. government claims that they caused a 2016 wildfire that burned thousands of acres of national forest, it was announced. The money covers damage from the Rey …

Fiery Plane Crash in South Carolina Resort Town Killed All Five on Board

Five people are dead after a single-engine plane crashed in a South Carolina coastal resort town. Officials said the fiery wreck near a golf course in North Myrtle Beach on July 1 killed all four passengers and the pilot, The …

Allianz Replaces UnipolSAI in UniCredit’s Insurance Venture Incontra

UniCredit said on Friday it was ending a non-life insurance venture with UnipolSAI as it strengthened its relationship with Germany’s Allianz, a top shareholder and insurance partner. UniCredit said it would buy the 51% stake the Italian insurer owned in …