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Fiery Train Derailment in Minnesota Forces Evacuations

RAYMOND, Minn. (AP) – A train hauling ethanol and corn syrup derailed and caught fire in Minnesota early Thursday and nearby residents were ordered to evacuate their homes, authorities said. The BNSF train derailed in the town of Raymond, roughly …

People Moves: Corvus Insurance Names Gangu President; Watt New Chief Claims Officer at Axis

Prashanth Gangu has been named president of cyber insurtech Corvus Insurance. Most recently president of the insurance and services division and chief operating officer of SiriusPoint, Gangu has more than 20 years of experience in the insurance industry across strategy, …

People Moves: Chubb’s Tripp Joins AmTrust as Regional VP for MidAmerica

AmTrust Financial Services, Inc. has hired Michael Tripp as regional vice president, head of MidAmerica region. Tripp joins New York, New York-based AmTrust from Chubb, where he spent the last four years as national vice president, small business sales. Previously, …

Justice Dept Sues Norfolk Southern Over Ohio Train Derailment

The U.S. Justice Department filed a lawsuit late Thursday against Norfolk Southern Corp. to ensure that the company pays the full cost of cleanup and any long-term effects of the derailment in Ohio of one of its freight trains in …

Massachusetts to Investigate First Republic Executives’ Stock Sales: Reuters

Massachusetts regulators have opened an investigation into sales of company stock by top executives at First Republic Bank in the weeks leading up to the recent banking turmoil. Massachusetts’ Secretary of the Commonwealth William Galvin told Reuters his office has …

AM Best Revises Outlooks to Negative for Virginia’s Northern Neck Insurance

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Northern Neck Insurance Co. of Irvington, Virginia. AM Best said the …

California Jury Awards $46M to Paralyzed Jiu-Jitsu Student

A San Diego jury has awarded more than $46 million to a man who suffered a catastrophic spinal injury during a beginner jiu-jitsu class five years ago, attorneys said. Jack Greener was enrolled at Del Mar Jiu-Jitsu Club in 2018 …

FEMA Index Offers Closer Look at Social Risks in Disaster Resilience

The free digital tool that the US government gives communities to help evaluate local risks from 18 natural hazards is getting a makeover. The Federal Emergency Management Agency introduced the National Risk Index last summer. Aimed primarily at planners and …

Whipped Cream Vodka Not so Sweet for Florida Woman Linked to False Insurance Claims

A broken bottle of whipped cream-flavored vodka may have turned into a just dessert for an Orlando-area woman who allegedly filed false insurance claims. Florida authorities announced Thursday that Anita Jovic, of Seminole County, has been charged with insurance fraud …

Quietly, Disney May Have Undermined DeSantis’ New Governing Board

Board members picked by Florida Gov. Ron DeSantis to oversee the governance of Walt Disney World said Wednesday that their Disney- controlled predecessors pulled a fast one on them by passing restrictive covenants that strip the new board of many …

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