13 04, 2023

Lawsuit Seeks to Uphold Closing California’s Last Nuke Plant

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An environmental group has sued to block Pacific Gas & Electric from seeking to extend the federal operating licenses for California’s last nuclear power plant. A complaint filed in San Francisco Superior Court by Friends of the Earth asks the …

13 04, 2023

Pipeline Involved in California Spill That Caused Numerous Lawsuits Restarting

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An offshore pipeline involved in a 2021 oil spill that fouled Southern California beaches is being put back in service, the operator said. Amplify Energy Corp. said that it received approval from federal regulatory agencies to restart operations and last …

13 04, 2023

Latest E-Bike Fire in New York City Kills 2 Children

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An electric bicycle powered by a lithium ion battery is being blamed for a fatal fire on Monday in New York City that killed two children, marking the latest in a string of e-bike-related fires in the city. FDNY Chief …

13 04, 2023

World Insurance Acquires TJ Woods Agency in Massachusetts

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Insurance broker World Insurance Associates reports that it has acquired the business of Thomas J. Woods Insurance Agency, Inc. of Worcester, Massachusetts. TJ Woods was founded in 1949, and is a property/casualty agency, providing personal and business insurance. Terms of …

13 04, 2023

Miami Homeowner Charged with Defrauding Citizens by Claiming Old Damage

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Florida authorities have charged a Miami man – who has a long record of criminal and civil cases under his name – with insurance fraud after investigators found that some $300,000 in claims were linked to pre-exiting damage to his …

13 04, 2023

HCI Launching New Florida HO Insurer After Go-ahead from Regulators

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Florida regulators have given a green light to a new homeowners insurance company, the first since state lawmakers took steps in December to rein in costly claims litigation. Tailrow Insurance Co., part of HCI Group, was approved April 4 by …

13 04, 2023

SVB Failed From Mismanagement, Not Loose Regulations: FDIC

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Management failures, not loose regulations, prompted Silicon Valley Bank’s sudden failure last month, a top Federal Deposit Insurance Corporation (FDIC) official said on Wednesday. “Mismanagement of interest rate risk was at the core of SVB’s problem,” FDIC Vice Chairman Travis …

13 04, 2023

Trump Sues Ex-Lawyer Michael Cohen Over Alleged Breaches of Contract

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Former President Donald Trump filed a $500 million lawsuit against his former attorney Michael Cohen for allegedly violating their attorney-client bond and spreading “embarrassing or detrimental” lies. Cohen, whose falling out with Trump has led to exchanges of insults between …

13 04, 2023

Juul to Pay $462 Million to Six States, D.C. Over Youth Addiction Claims

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E-cigarette maker Juul Labs Inc agreed on Wednesday to pay $462 million over eight years to settle claims by six U.S. states including New York and California, along with the District of Columbia, that it unlawfully marketed its addictive products …

13 04, 2023

Kremlin Warns Outlook for Extending Black Sea Grain Deal Is ‘Not so Great’

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The Kremlin warned on Wednesday that the outlook for extending a deal beyond May 18 that allows the safe wartime export of grain and fertilizer from several Ukrainian Black Sea ports was not great as Russia’s own such exports still …