Monthly Archives: <span>May 2024</span>

Texas Lawmakers Zero In on Exploding Hemp Industry

Austin hemp entrepreneur Shayda Torabi is looking at a year filled with uncertainty. For the six years they’ve been in business, Torabi and her two sisters have operated Restart, their hemp dispensary, in a modest neighborhood in North Austin within …

Louisiana Department of Insurance Offers Guidance Following Severe Storms

Severe storms killed three people and caused significant damage in southwest Louisiana Monday. At least one EF3 tornado hit Lake Charles, officials said. The St. Martin Parish coroner reports that a female died in Cecilia after a camper rolled over …

Advocates Demand Investigation into Missouri Boarding School Abuse Allegations

ST. LOUIS (AP) — Advocates for victims of abuse at Missouri boarding schools on Monday urged the state’s attorney general to launch an investigation, work with local prosecutors and take other steps aimed at stemming the tide of abuse. Three …

FDIC Chair Gruenberg Apologizes for Agency Culture, Commits to Fixes

U.S. Federal Deposit Insurance Corporation Chairman Martin Gruenberg on Wednesday said he was deeply sorry for a toxic workplace culture and his own mistreatment of employees. Testifying before Congress, Gruenberg said he accepted the findings of an independent report that …

Markets/Coverages: CFC Partners With Online Quoting Platform Tarmika

Specialty insurer CFC said it will be offering its admitted cyber insurance solution on Tarmika, an online quoting platform for independent agents. CFC enables agents to instantly quote and bind cyber insurance directly on the Tarmika platform, making it even …

Baltimore Bridge Collapse Occurred After Ship Lost Power Multiple Times

The container ship that rammed into Baltimore’s Francis Scott Key Bridge in March lost power multiple times on both the day of the fatal accident and the day before, according to a preliminary report. The Dali, which sails under the …

Boat Found in Key Biscayne Incident That Killed 15-Year-Old Skiier

MIAMI (AP) — Investigators located a boat believed to have fatally struck a 15-year-old girl off a south Florida beach and fled without stopping, while friends and family members mourned her loss. A funeral service for Ella Adler was held …

Four in Florida Charged with Faking Auto Accident Injuries to Gain PIP Payouts

Florida authorities this week charged four people with falsifying injuries from an auto accident and attempting to defraud three insurance companies out of personal injury protection payments. Maria Campos, Isabella Mendez, Madison Martinez, and Krystal Arbona were charged with insurance …

Ardonagh Specialty Rebrands Reinsurance Business as ‘Price Forbes Re’

Ardonagh Specialty announced it is naming its reinsurance business Price Forbes Re. The renaming of Inver Re in London and Bermuda and Equinox Re in the US follows the simplification of Ardonagh Specialty’s multiple brands in 2023, with Price Forbes …

Before Global Scrutiny, Indian Spice Maker MDH Faced Many US Rejections

Popular Indian spice brand MDH, under scrutiny for alleged contamination in some products, has since 2021 seen an average 14.5% of its US shipments rejected due to the presence of bacteria, a Reuters analysis of US regulatory data found. Hong …