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NSM Acquires Shield Commercial Insurance Services in California

NSM Insurance Group acquired Shield Commercial Insurance Services in Palm Desert, California. Shield specializes in insurance solutions for the general contractor and construction liability space. Shield is focused on underwriting business for small and mid-sized contractors, offering coverages for general …

Boeing 737 MAX Engine Fire at Newark Airport Under Investigation

The U.S. National Transportation Safety Board said on Friday it is investigating an engine fire last week on a Boeing BA.N 737-900 MAX plane operated by United Airlines UAL.O at Newark Liberty International Airport in New Jersey. The NTSB said …

Federal Disaster Declaration Approved for Spring Storm in Maine

President Joe Biden approved a disaster declaration request from Maine, freeing federal aid to help communities recover following a severe storm and flooding in the spring, officials said Friday. The state reported nearly $3 million in infrastructure damage across nine …

Acrisure Brand Roll Out Extends to the West Coast

Several Acrisure Partners in California, Nevada and Hawaii will rebrand to operate as the firm’s West region led by long-time partners Jennifer Anderson and Dan Michelini. In 2023, the Acrisure kicked off efforts to align under the Acrisure brand in …

$40M Lawsuit by Virginia Teacher Who Was Shot: Civil Court or Workers’ Compensation?

Lawyers for a teacher who was shot by her 6-year-old student in Virginia can start the process of interviewing eyewitnesses, reviewing the boy`s disciplinary files and accessing other records for a $40 million lawsuit against the school system, a judge …

Truck Makers Complying with California Rules Phasing Out Gas-Powered Vehicles

Some of the nation`s largest truck makers pledged to stop selling new gas-powered vehicles in California by the middle of the next decade, part of an agreement with state regulators aimed at preventing lawsuits that threatened to delay or block …

2019 Houston Chemical Fire Could Have Been Prevented, Federal Investigation Finds

A massive Houston-area chemical fire that burned for three days in 2019 could have been prevented if proper procedures were in place at the chemical storage facility run by the Intercontinental Terminals Co., according to an investigation released Thursday by …

People Moves: Stephens Insurance Appoints Krutsch

Stephens Insurance Appoints Rich Krutsch as Senior Vice President, Employee Benefits Division Stephens Insurance, LLC, an affiliate of Stephens Inc., announced the hiring of Rich Krutsch as a senior vice president within the employee benefits division. Mr. Krutsch brings more …

Artificial Weatherman? AI Could Better Predict Hurricanes, Research Paper Says

Artificial Intelligence may be the key to more accurate and more timely hurricane predictions, China-based researchers have reported in the scientific journal Nature. In two papers in the journal, the researchers, including scientists affiliated with the Chinese tech company Huawei, …

SVB Financial Sues FDIC to Recover $1.9B Seized in Bank Rescue

Bankrupt SVB Financial Group has sued the U.S. Federal Deposit Insurance Corp (FDIC) to recover the $1.93 billion that the regulator seized while it took over Silicon Valley Bank in March, a filing in a bankruptcy court on Sunday showed. …

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