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Voters Approve Recreational Marijuana in Two More States to Total 21

Voters approved recreational marijuana in Maryland and Missouri but rejected it in three other states, signaling support gradually growing for legalization even in conservative parts of the country. The results mean that 21 states have now approved marijuana’s recreational use. …

Arkansas Voters Reject Legalizing Marijuana

LITTLE ROCK, Ark. (AP) – Arkansas voters have rejected a constitutional amendment that would have legalized recreational marijuana in the state. The proposal failed six years after Arkansas voters made the state the first in the Bible Belt to legalize …

Moody’s: California Utilities Reduced Liability Following Catastrophic Wildfires

A new report shows California utilities have noticeably reduced their liability following catastrophic wildfires in the past that have been blamed on the utilities and have driven several massive lawsuits and financial challenges. The report out on Thursday from Moody’s …

D&O Pricing Falls 14.7% in Q3, Breaking 17-Quarters of Pricing Increases: Aon

Directors and officers liability pricing fell 14.7% in the third quarter, according to a recent survey. Aon’s Financial Services Group’s Q3 2022 pricing index for the quarter ending on September 30 decreased to 1.57 from 1.96 in the prior-year quarter, …

Ohio Town to Pay $200K Over Sewage Discharges

The city of Elyria, Ohio, has entered into a consent decree with the United States and the State of Ohio to complete a series of capital projects designed to eliminate discharges of untreated sewage from its sewer system into the …

People Moves: Stephens Hires Zarr; Novatae Names Kerr CEO

Stephens Insurance Hires Oil & Gas Industry Veteran Zarr Stephens Insurance, LLC, an affiliate of Stephens Inc., has appointed David Zarr as executive vice president. He brings over 25 years of experience in the insurance brokerage industry, focusing on the …

Iowa Voters Add Gun Rights to Constitution

DES MOINES, Iowa (AP) – Iowans voted Tuesday to add a right to keep and bear arms into the state constitution, a move that will make it more difficult to pass gun restrictions and easier to strike down existing gun …

No Radioactive Contamination Found at Missouri School

FLORISSANT, Mo. (AP) – Testing by the U.S. Army Corps of Engineers found no radioactive contamination at a Missouri school that was shut down last month amid fears that nuclear material from a contaminated creek nearby had made its way …

Novatae Risk Group Acquires MarketScout; Kerr Named CEO

Managing general agent Novatae Risk Group said it acquired fellow MGA, MarketScout Corp., on Nov 1. Terms of the transaction were not disclosed. Richard Kerr, founder and CEO of Dallas-based MarketScout, was named CEO of Novatae, effective immediately. Steve Cook, …

Insurers Say ‘Bazooka’ of Bogus Boy Scouts Claims is Abuse of Bankruptcy System

A group of insurers – including subsidiaries of AIG, Liberty Mutual, Allianz, Sompo International, and Travelers – are challenging an approval of the Boy Scouts of America’s $2.46 billion bankruptcy reorganization plan to allow the organization to settle tens of …

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