Articles by Kanishka Singh

Inspector Told Residents Surfside Condo Building Was Safe Despite Engineer’s Warning

A town inspector had assured residents of a high-rise condominium in Surfside, Florida, that their building was sound a month after an engineering report warned of major structural damage that required prompt repair in 2018, U.S. media reported. The Champlain …

Severe Thunderstorms, Tornado Slam Chicago; Injuries, Power Outage, Property Damage Reported

Severe thunderstorms tore through the Chicago area on Sunday night after the National Weather Service said a “confirmed large and extremely dangerous tornado” had touched down in a western suburb of the city, causing damage. Chicago-area utility Commonwealth Edison’s (ComEd) …

Credit Suisse Begins Filing Insurance Claims Over Greensill Capital Collapse – FT

Swiss bank Credit Suisse has prepared its first insurance claims on losses stemming from its $10 billion of funds tied to collapsed finance group Greensill Capital, the Financial Times reported on Wednesday. Credit Suisse is attempting to recoup billions of …

Alabama Prohibits Businesses, Agencies From Requiring Vaccine Passports

Alabama Governor Kay Ivey on Monday signed a bill that prohibited private businesses and public institutions from requiring COVID-19 “vaccine passports” to access services or refusing those not inoculated against the coronavirus. “I’ve signed SB 267! Since the development of …

Louisiana, Texas Brace for More Heavy Rain and Flooding

Heavy rain across the eastern Texas and western Louisiana Gulf Coasts may bring more flooding on Friday, the National Weather Service said, with rainfall-related deaths rising to five in Louisiana. Of the five deaths, four involved people driving into high …

Two Die in Tesla Crash in Texas

Two men died after a Tesla vehicle, which was believed to be operating without anyone in the driver’s seat, crashed into a tree on Saturday night north of Houston, authorities said. “There was no one in the driver’s seat,” Sgt. …

Severe Storms Across Southeast Bring Tornadoes, NWS Warns of More Outbreaks

The U.S. National Weather Service said a regional outbreak of severe storms and tornadoes was possible on Thursday from parts of east-central Georgia and north-eastward across South Carolina and North Carolina. “Significant tornadoes, wind damage and large hail will be …

Flooding Prompts Hawaii Emergency Declaration, Evacuations Ordered

Hawaii Governor David Ige declared an emergency in the U.S. state after heavy rains brought floods, landslides and fear of dam failures, and authorities ordered the evacuation of several thousand people from communities threatened by rising waters. The move came …

Bond Insurer MBIA Agrees to Settle Mortgage Claims Against Credit Suisse

New York-based municipal bond insurer MBIA Inc.’s unit MBIA Insurance Corp. entered an agreement to settle a litigation it filed in 2009 against lender Credit Suisse and certain affiliated entities over property debt in the United States. The settlement followed …

Advisor Drops Opposition to Tesla Director After Change in D&O Insurance

Proxy advisory firm Glass Lewis said late on Tuesday it had recommended Tesla Inc.’s investors to vote in favor of re-electing Chairwoman Robyn Denholm after having earlier opposed her re-election in June. Glass Lewis said its recommendation changed due to …