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Amputation Frees Woman From Collapsed Iowa Building

DAVENPORT, Iowa (AP) – One moment Lexus Berry and her wife were rushing toward the door of their fourth-floor apartment, and the next, Quanishia “Peach” Berry was gone. Their apartment had disappeared into a heap of bricks and steel far …

Former Arizona County Official Who Said Election Deniers Made Work ‘Toxic’ Gets $130K

A former elections official for a rural Arizona county where leaders have embraced election conspiracy theories has received a $130,000 settlement over toxic work environment claims. Lisa Marra, who was Cochise County elections director during the 2022 midterm election, got …

Reinsurers Maintain Their ‘Heightened Risk Aversion’ During June 1 Renewals: Report

Reinsurance rates continued to harden during the June 1 renewals, with risk-adjusted property-catastrophe pricing up 33% on average, according to reinsurance broker Howden Tiger. Prices rose within a typical range of 25% to 40%, including important variations by layer, which …

Judge Dismisses Criminal Charges Against PG&E Energy in Fatal California Wildfire

A California judge dismissed all charges against Pacific Gas & Electric in connection to a 2020 fatal wildfire sparked by its equipment that destroyed hundreds of homes and killed four people, including an 8-year-old. The utility also reached a $50 …

Billionaire SPAC Kings Dragged to Court After Boom Goes Bust

The unwinding of the blank-check stock frenzy, one of the hottest pandemic-era trends on Wall Street, is playing out its last act on a different stage: the courtroom. The raucous boom in special-purpose acquisition companies — which bankrolled takeovers that …

ANALYSIS – Breakup of Insurers’ Climate Coalition Driven by U.S. Regulation Fears

The success of Republicans in triggering the breakup of a coalition of insurance firms aimed at tackling climate change is down to U.S. states being the industry’s primary regulator, interviews with industry executives and former officials show. The U.N.-backed Net-Zero …

Survey: 17% of Louisiana Homeowners Lost Coverage in 2022

A survey published this week by Louisiana State University (LSU)’s Manship School of Mass Communication found that 17% of residents reported their provider cancelled their policy in 2022. The results are part of the 2023 Louisiana Survey, which asked residents …

NHTSA to Require Auto Braking on New Vehicles and Set Tougher Standards

The U.S. government’s auto safety agency plans to require that all new passenger cars and light trucks include potentially life-saving automatic emergency braking and meet stricter safety standards within three years. Wednesday’s announcement by the National Highway Traffic Safety Administration …

FEMA Hit by Multi-State Lawsuit Over Flood Insurance Rating Formula

A federal lawsuit claims FEMA failed to take into account skyrocketing flood insurance costs generated by its new rating system, Risk Rating 2.0. Ten states, along with 43 Louisiana parishes and more than a dozen levee districts, are suing FEMA, …

People Moves: Everest Appoints Maritzen Global CUO; Swearengin to Lead One80 National Casualty Practice; Haggerty Head of QBE NA Commercial Programs

Everest Insurance Appoints Maritzen Global Chief Underwriting Officer Everest Insurance, the insurance division of Everest Re Group, Ltd., has named Mark Maritzen as global chief underwriting officer. Maritzen is based in New York. Maritzen will oversee all aspects of global …

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