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Explosion at Mississippi Chemical Plant Causes Ammonia Leak, Evacuations
An explosion at a hydrogen and nitrogen product manufacturer in Mississippi on Wednesday caused an ammonia leak and forced nearby residents to evacuate, officials said. Mississippi Gov. Tate Reeves said in a post on the social platform X that emergency …
POSTED NOVEMBER 07, 2025 3:56 PM |
Louisiana Farm Bureau to Benefit From Demutualization, AM Best Says
AM Best has placed under review with positive implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Louisiana Farm Bureau Mutual Insurance Company (Louisiana Farm Bureau), an action that follows the …
POSTED NOVEMBER 07, 2025 3:49 PM |
Former Injury Lawyer and SC House Member Indicted on Charges of Defrauding Clients
A former South Carolina state lawmaker and injury lawyer has been indicted on federal allegations that he schemed to defraud his legal clients. According to court papers, a federal grand jury on Wednesday indicted former Rep. Marvin Pendarvis, a Democrat …
POSTED NOVEMBER 07, 2025 3:46 PM |
Chicago Jury is Picked in Boeing Trial Over Payouts Related to Ethiopia Crash
More than six years after a Boeing 737 Max jetliner crashed in Ethiopia, the first civil trial related to the disaster that killed all 157 people on board was set to proceed. Boeing has settled most of the dozens of …
POSTED NOVEMBER 07, 2025 3:32 PM |
Zurich Invests Heavily in Underwriting Talent to Boost Mid-Market, Specialty Growth
Zurich Insurance Group is continuing to expand its middle market and specialty footprint by investing heavily this year in targeted recruitment of “top-tier underwriting talent” across the group. “In the U.S. alone, we have hired more than 100 middle market …
POSTED NOVEMBER 07, 2025 3:19 PM |
Jury Awards $10 Million to Virginia Teacher Shot by 6-Year Old Student
A jury in Newport News, Virginia has awarded $10 million to a teacher who was shot by a 6-year-old student. Abby Zwerner, who was shot in January 2023 in her first-grade classroom, had asked for $40 million against a former …
POSTED NOVEMBER 07, 2025 2:27 PM |
Boeing Avoids US Criminal Charge in 737 Max Jet Crash Case
Boeing Co. will avoid a criminal charge over two fatal 737 Max crashes after a federal judge paved the way for a $1.1 billion settlement agreement, handing the embattled manufacturer a victory in a long-running legal battle. US District Judge …
POSTED NOVEMBER 07, 2025 2:13 PM |
People Moves: NFP Names Roberts; Falvey Appoints Blubaugh
NFP Names Roberts Northeast SVP NFP, headquartered in New York City, appointed David Roberts as senior vice president, surety, in its Northeast region. With over three decades of experience managing commercial risk, Roberts, who is based in New Jersey, brings …
POSTED NOVEMBER 07, 2025 1:20 PM |
Bristol Myers Reaches $239 Million Settlement Over Psoriasis, MS Drugs
Bristol Myers Squibb reached a $239 million settlement of claims that former Celgene shareholders were defrauded about prospects for the psoriasis drug Otezla, and multiple sclerosis treatment now known as Zeposia. A preliminary settlement of the 7-1/2-year-old class action was …
POSTED NOVEMBER 07, 2025 1:14 PM |
Jamaica to Get 2nd Parametric Insurance Payout for Excess Rainfall From Storm Melissa
The Caribbean parametric insurer, CCRIF SPC, announced it will make a second payout of US$21.1 million to the government of Jamaica – a policy triggered by excess rainfall from Hurricane Melissa. This payout follows the CCRIF’s first record payment of …
POSTED NOVEMBER 07, 2025 10:48 AM |
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