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Explosion at Louisiana Chemical Plant Injures 6

An explosion on Jan. 26 at a southwest Louisiana chemical plant has left at least six people with minor injuries. The explosion occurred at an empty ethylene dichloride storage tank shortly before 11 a.m., a spokesperson for Westlake Chemical South …

Allianz and UniCredit Expand Longstanding Multi-Country Bancassurance Agreement

Allianz and UniCredit have signed a multi-country agreement to build on the companies’ longstanding bancassurance partnership which began in 1996. The agreement covers UniCredit’s footprint in Italy, Germany, Central and Eastern Europe, where the company serves more than 15 million …

Alera Group Acquires Texas’ Heritage Risk Management

Alera Group has acquired Heritage Risk Management, a Lubbock, Texas-based network of independent risk management agencies serving clients throughout Texas, Oklahoma, Colorado and New Mexico. Heritage Risk Management’s network of independent risk management agencies offers a broad array of products …

Insurtech Unicorn Bolttech Weighs Raising $300M in Fresh Funds

Bolttech, an insurance technology unicorn backed by Hong Kong billionaire Richard Li, is considering raising $200 million to $300 million in fresh funds this year, according to people familiar with the matter. The Singapore-based company is working with financial advisers …

Lawyers: LSU Athletics Official Who Sued Department Fired in Retaliation

Lawyers for an associate athletic director who filed a $50 million federal racketeering lawsuit against Louisiana State University say she has been fired in retaliation and asked the court Wednesday to add that claim to her suit. “On January 5, …

Florida Senator Tries Cat Fund Changes to Cut Cost of Property Insurance

Seeing no action on bills that would address Florida’s spiraling property insurance problems head-on, one state senator took a different route Thursday and proposed reducing insurers’ payments to the state’s hurricane catastrophe fund, a move he said could save policyholders …

California Insurance Agent Arraigned in Alleged Affinity Group Discounts Scheme

Raffi Sarian, 32, of North Hollywood, California, was arraigned this week on four felony counts of identity theft and nine felony counts of forgery after allegedly altering information from professional licenses and diplomas to apply unearned “affinity group” discounts to …

Families of Crash Victims Want Boeing 737 Settlement Reopened

Relatives of passengers who died in crashes of Boeing 737 Max jets are pressing Attorney General Merrick Garland to help them re-open a settlement that shielded Boeing from criminal prosecution for misleading federal safety regulators about the plane. Several family …

Delaware Lawmakers Advance Bill Legalizing Recreational Marijuana

A Democrat-led House committee voted mostly along party lines Wednesday to release a bill legalizing recreational marijuana use by adults in Delaware. A lone Republican joined Democrats on the Health and Human Development committee in voting to release the bill, …

Maine Finds ‘Forever Chemicals’ in Wells in Kittery Homes

Testing wells in a Maine town contain per- and polyfluoroalkyl (PFAS) and the chemicals may have traveled through well systems and drinking water, the state’s department of environmental protection found. Last month, the DEP said 10 Kittery homes will have …

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