INSURANCE NEWS
Director of Minnesota’s New Marijuana Regulatory Agency Resigns Amidst Illegal Cannabis Sales Allegations
ST. PAUL, Minn. (AP) – The recently appointed director of Minnesota’s new marijuana regulatory agency Erin Dupree has resigned amid reports that she sold illegal cannabis products in the state. Dupree ran a business that sold products exceeding state limits …
Movie Star Anthony Mackie Returns to New Orleans to Repair Hurricane-Damaged Roofs
NEW ORLEANS (AP) – Movie star Anthony Mackie was back in his home town – and back at an old job – as he took part in a program to repair roofs damaged by natural disasters for people who aren’t …
People Moves: Bettencourt Settling In as New Hampshire Insurance Commissioner
DJ Bettencourt is settling in after he was confirmed as the state’s insurance commissioner, more than a month after he was nominated to the post by Gov. Chris Sununu. “As commissioner, my key priorities include making New Hampshire a gold …
California Governor Vetoes Bill to Have Humans Drivers Ride in Autonomous Trucks
California Gov. Gavin Newsom has vetoed a bill to require human drivers on board self-driving trucks, a measure that union leaders and truck drivers said would save hundreds of thousands of jobs in the state. The legislation vetoed Friday night …
Judge Sides with Nashville in Fight Over Fairgrounds Speedway
NASHVILLE, Tenn. (AP) — A newly enacted Tennessee law designed to lower the threshold needed for Nashville leaders to approve improvements to its fairgrounds speedway violates the state`s constitution and cannot be enforced, a three-judge panel has ruled. Thursday`s unanimous …
MGA iprism Purchases Property-Focused MGA, SK Underwriting
iprism, the London-based construction, property, commercial and high-net-worth MGA, announced the acquisition of property-focused MGA, SK Underwriting Ltd. for an undisclosed amount. Kent, England-based SK Underwriting was formed in 1999 and offers a range of commercial SME products, principally focused …
Family Settles for $8.5M After Man Died While Pinned to Floor at Virginia Hospital
RICHMOND, Va. (AP) — The family of a man who died while handcuffed and pinned to the floor for about 11 minutes as he was being admitted to a Virginia psychiatric hospital has reached an $8.5 million settlement with the …
FTC Poised to Sue Amazon for Antitrust Violations
The Federal Trade Commission is expected to sue Amazon.com Inc. for antitrust violations next week, according to people familiar with the matter – marking the agency’s fourth swipe at the online retail giant this year. The lawsuit, expected to be …
Tech Startups in US, France, Germany Help in Fight Against Wildfires
This year has been a challenging one for Phil Schneider, who hasn’t seen wildfire behavior like this in his 47-year firefighting career. Blazes raged through more than 2,000 acres of wildland in recent months in his county deep in the …
US Energy Regulator Recommends Revising Reliability Standards for Extreme Weather
The Federal Energy Regulatory Commission on Thursday [Sept. 21] recommended revising reliability standards for power grid and natural gas infrastructure to avoid issues during extreme weather, as part of findings from a report on winter storm Elliott in 2022. Elliott …
Alpine Tunnel Chaos Puts Crucial European Network Under Strain
When a landslide blocked an aging Alpine tunnel connecting Italy and France this summer, Livio Ambrogio knew what the fallout was going to be for his freight business: time and money. The closure of the 8-mile long Frejus tunnel meant …
Hedge Fund Manager Crispin Odey Faces Lawsuit Over Sexual Misconduct Allegations
Two of Crispin Odey’s alleged victims have filed a lawsuit against the hedge fund manager and his eponymous former firm. Two former employees have submitted a civil claim against Odey Asset Management and the 64-year-old former executive, according to Jill …