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Flood Waters Receding After Storm Batters Western Alaska

Floodwaters were receding in parts of western Alaska battered by the worst storm in a half century, leaving behind debris flung by powerful Bering Sea waves into beaches and seaside communities. The remnants of Typhoon Merbok were weakening as the …

Missing Woman Found After Southern California Mudslides

A woman who went missing after recent flash floods unleashed mudslides that swept through her town in the Southern California mountains has been found dead under a pile of mud, rocks and other debris, authorities said. Thunderstorms late Monday triggered …

AIG Life/Retirement Unit Corebridge Valued at $13B

Shares of Corebridge Financial Inc opened 2 percent below the IPO price in their New York Stock Exchange debut on Thursday, giving the company a valuation of $13.2 billion, dimming hopes of a revival in U.S. listings as market turmoil …

American Family First U.S. Insurer to Join The Climate Pledge

American Family Insurance has become the first U.S.-based insurance company to sign The Climate Pledge, joining 375 other national and global companies across more than 53 industries and 34 countries in a further commitment to take climate action. Co-founded by …

More Coaches Named in South Carolina Cheerleader Abuse Lawsuit

A lawsuit alleging the rampant sexual abuse of underage athletes at a competitive cheerleading gym in South Carolina has been amended to name six more coaches as defendants and three more accusers. The accusers — now seven female and two …

Mississippi State Sorority Treasurer Sentenced in $4M Embezzlement

A woman has been sentenced to nearly four years in federal prison and ordered to pay nearly $3 million in restitution for embezzling money from a Mississippi State University sorority. The Northeast Mississippi Daily Journal reports that Betty Jane Cadle, …

AM Best Viewpoint: The Value of MGAs in a Hardening Market

The heightened perception of risk stemming from cyber attacks, the climate, pandemics and even inflation are just a few of the volatile factors fueling a demand-side need for more specialized coverage approaches, which underscores the premium growth prospects for the …

Auto Loss Costs Not Coming Down; Bigger Rate Hikes Ahead: Allstate CEO

Higher auto loss costs are here to stay, according to the leader of Allstate, who also said that his company will be pushing up auto insurance prices higher, and at a faster pace, for the balance of the year. Speaking …

Coalition of Insurers, Pension Funds Commit $7.1 Trillion to Support 1.5°C Climate Goal

A coalition of pension funds and insurance companies that includes Allianz SE, the California Public Employees’ Retirement System and Zurich Insurance Group AG have committed to managing $7.1 trillion of assets in line with the Paris Agreement’s goal of limiting …

Study: Four Major Tipping Points Close to Triggering Hotter Temps

Even if the world somehow manages to limit future warming to the strictest international temperature goal, four Earth-changing climate “tipping points” are still likely to be triggered, with a lot more looming as the planet heats more after that, a …

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