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Prince Andrew Settles Sexual Abuse Claim for Undisclosed Amount

Prince Andrew has settled a lawsuit against him by a woman who said he sexually abused her when she was a teenager at the late convicted sex offender Jeffrey Epstein’s Manhattan and Virgin Island properties. The amount of the settlement …

Relatively Weak Hurricane Elsa Caused $1B in Damage Last Year

Hurricane Elsa, which made landfall on July 7, 2021, with winds of 86 mph, caused about $1 billion in damage to the southern United States and multiple Caribbean countries, the National Hurricane Center reported. New data compiled by the center …

St. Johns, Lighthouse Insurance Suspend New Writing in Florida

Two more property insurers, including one of the largest insurers in Florida, have stopped writing new policies in the state, marking the fifth and sixth carriers this year to pull back from the turbulent Florida waters. “At this time, St. …

Detroit Program to Target Basement Flooding During Intense Storms

Detroit is starting a program to reduce chronic basement flooding during intense storms. The program initially will target two neighborhoods and later expand to others, Mayor Mike Duggan said. The strategy follows major rain events last summer that left thousands …

Flint, Michigan Water Crisis Trial Will Test Contractors’ Liability

Jury selection starts Feb. 15 in a trial to determine if engineering contractors bear responsibility for lead-contaminated water in Flint. Veolia North America and Lockwood, Andrews & Newman, known as LAN, were not part of the recent $626 million settlement …

Gunmaker Remington to Pay $73M to Settle Liability Claims With Sandy Hook Families

Remington Arms will pay $73 million to the families of five adults and four children killed in the Sandy Hook Elementary School massacre, the families said on Tuesday, the first time a gunmaker has been held responsible for a mass …

Ohio Electric System Settles Lawsuits Seeking Corporate Reform

Akron, Ohio-based First Energy announced it has settled a series of shareholder lawsuits seeking corporate reforms in the wake of a bribery and corruption scandal. FirstEnergy in a statement said provisions of the settlement include an agreement that six longtime …

Probe Begins After Oklahoma City Apartment Fire Smoldered For Days

Investigators were set to begin digging through rubble to determine the cause of a massive fire that smoldered for four days and engulfed a $65 million luxury apartment complex in Oklahoma City that had been under construction. At least 80 …

Oklahoma Commission Approves 2021 Winter Storm Cost Recovery Orders

The Oklahoma Corporation Commission voted to approve two orders for state utilities to recover natural gas costs incurred during the February 2021 winter storm. The commission approved separate orders for CenterPoint Energy and Public Service Company of Oklahoma. Commission Chair …

Investment Gains Float Weight of $5.6B Underwriting Loss for U.S. P/C Insurers in Nine Months 2021

An increase in capital gains on investments is largely credited with lifting the after-tax net income of private U.S. property/casualty insurers to $42.1 billion over nine months in 2021 compared to $35.2 billion during the same period the prior year, …

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