29 03, 2023

South Carolina Senate Moves to Ban Foreign Adversaries from Owning Land in State

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South Carolina’s Republican-controlled Senate passed a bill Thursday that would bar citizens of “foreign adversary” nations from buying property in the state, an anti-espionage measure that critics fear will chill overseas investments over outsize concerns. The bill is one of …

29 03, 2023

APCIA Says Property Insurance Market ‘Hardest in a Generation’

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A combination of historic high inflation and a growing frequency of natural catastrophes is creating the hardest market in a generation for property insurance, the American Property and Casualty Insurance Association says in a new white paper. “The growth of …

29 03, 2023

Philadelphia: Still No Sign of Chemicals from Upriver Spill

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PHILADELPHIA (AP) — Philadelphia water officials say they continue to see no sign of contamination following a chemical spill into the Delaware River upstream of the city and are confident that drinking water will be unaffected at least through Wednesday …

29 03, 2023

$1.5M for California Homeowners Overcharged Under Wildfire Risk Score

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Kemper Independence Insurance Co. has issued more than $1.5 million in refunds to thousands of California homeowners after the California Department of Insurance found the carrier overcharged policyholders for wildfire risk. Kemper and its affiliate insurance company, Unitrin Auto and …

29 03, 2023

Landslide in Ecuador Kills at Least 7, with Dozens Missing

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ALAUSI, Ecuador (AP) — A huge landslide swept over an Andean community in central Ecuador, burying dozens of homes, killing at least seven people and sending rescuers on a frantic search for survivors, authorities said Monday. Earlier in the day, …

29 03, 2023

Insurance That’s Out of This World, Literally

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Battleface CEO Sasha Gainullin feels confident that as space tourism evolves, more data will exist to make insurers more comfortable entering this emerging market. In fact, his company already has a headstart. Battleface is a company launched in January of …

29 03, 2023

Washington Moves to End Child Sex Abuse Lawsuit Time Limits

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People who were sexually abused as children in Washington state may soon be able to bring lawsuits against the state, schools or other institutions for failing to stop the abuse, no matter when it happened. House Bill 1618 would remove …

29 03, 2023

5th Circuit: Corps Not Required to Reexamine Operation of ‘Polluting’ Spillway

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The Bonnet Carré Spillway diverts Mississippi River flood flows away from New Orleans into Lake Pontchartrain, which connects to the Mississippi Channel and eventually the Gulf of Mexico. The spillway has been opened only 15 times since construction was completed …

29 03, 2023

Brazil Miner Vale to Pay $56M to Settle SEC Charges Related to Dam Safety Disclosures

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Brazilian mining firm Vale SA agreed to pay $55.9 million to settle charges related to allegedly false and misleading disclosures about the safety of its dams prior to a 2019 dam collapse in Brazil that killed 270 people, the U.S. …

29 03, 2023

Southeast Beware: More Killer Tornadoes on the Way, Study Says

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America will probably get more killer tornado- and hail-spawning supercells as the world warms, according to a new study that also warns the lethal storms will edge eastward to strike more frequently in the more populous Southern states, like Alabama, …