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Trump OKs North Dakota Storm-Related Disaster Declaration

President Donald Trump has approved a disaster declaration for North Dakota after an October storm dumped heavy rain and snow on a large part of the state. Gov. Doug Burgum made the request last month and announced Trump had approved …

AXA Reviews Potential Sale of Middle Eastern Operations: Sources

AXA SA is considering options for its Middle Eastern operations including a potential sale, as Chief Executive Officer Thomas Buberl continues to streamline the operations of Europe’s second-largest insurer, people familiar with the matter said. The French insurer is working …

U.K. Financial Services Firms Must Prepare for Failure of Brexit Trade Deal: Regulator

Financial firms in Britain should be ready in case no trade agreement is struck with the European Union by December, a senior U.K. regulator said on Thursday. Britain leaves the EU next week, followed by a “business as usual” transition …

Florida Lawmakers Propose Task Force to Protect State from Sea-Level Rise

After years of mostly ignoring climate change, Florida lawmakers waded deeper into the matter on Tuesday, advancing a proposal that would create a statewide Office of Resiliency and establish a task force to begin looking into how best to protect …

4 Racehorses Die at New Orleans Track in 10-Day Span

Four thoroughbred racehorses were euthanized after competing at a New Orleans track in a 10 -day span, prompting criticism from an animal advocacy group based in Washington D.C. Officials at the New Orleans Fair Grounds Race Course didn’t specify the …

Wisconsin Manufacturer Fined $171K for Exposing Workers to Lead, Other Hazards

The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has cited Milwaukee Valve Company Inc. – based in Prairie du Sac, Wisconsin – for exposing employees to lead and copper dust at rates higher than the permissible exposure …

Court: Insurer GEICO Must Pay Injured Kansas Man for Care Provided by Wife

An insurance company must reimburse a Kansas man for the personal care his wife provided after he was injured in an automobile accident, the state Supreme Court ruled in rejecting that spouses are required to provide such support without compensation. …

Texas’ Galiot Insurance Services, Higginbotham Join Forces

Houston-based Galiot Insurance Services, with a specialty in the life sciences sector, and insurance broker Higginbotham, headquartered in Fort Worth, Texas, have merged operations. Galiot President and CEO Brian Toglia, with 14 years of experience in the insurance industry, focuses …

Hawaii Family Sues School Over Child’s Death While Kayaking

The family of a 5-year-old boy who died on a kayaking excursion filed a lawsuit against the school that conducted the trip. The family of Alaric Chiu filed the lawsuit last week against Mid-Pacific Institute citing reckless behavior and gross …

New Laws Spur Insurers to Reserve for Potential Child Sex-Abuse Claims

Travelers Companies Inc. has set aside a “modest” amount of additional money to cover its possible exposure to child sex-abuse claims, the insurer’s finance chief, Daniel Frey, told analysts during an earnings call on Thursday. Two analysts asked about Travelers’ …

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