Monthly Archives: <span>May 2018</span>

Weakening Alberto Brings Heavy Rains to Southeast for Memorial Day

Subtropical Storm Alberto lost strength as it came ashore near Laguna Beach in Florida Monday, bringing heavy rains that threaten the U.S. South with economic losses of $1 billion. Alberto was 15 miles (24 kilometers) from Panama City, Florida, when …

Talks End without Softbank Stake in Swiss Re; Swiss Re Still Open to Other Investors

Swiss Re AG said it would continue to welcome an anchor investor after Masayoshi Son’s SoftBank Group Corp. ended its pursuit of a stake in the world’s second-largest reinsurer. The collapsed talks mark the end of nearly four months of …

P/C Insurers Improved Results in Q1

The U.S. property/casualty insurance industry saw its combined ratio improve by nearly five points in the 2018 first quarter and net underwriting income grow at a healthy clip, A.M. Best said in a special report. A combined ratio of 94.8 …

Alberto, 2018’s First Named Storm, Heading for Florida, Southeast Coast

Meet Alberto, the first named storm of 2018. The sub-tropical storm off Mexico’s Yucatan Peninsula is expected to bring heavy rain to western Cuba and much of Florida early next week, the National Hurricane Center in Miami said Friday. Alberto …

Illinois Lawmakers Send Governor Bill Legalizing Industrial Hemp

The Illinois House has sent the governor a measure legalizing industrial hemp. The House voted 106-3 this week to allow hemp cultivation for commercial use. Hemp is a form of the cannabis plant distinct from marijuana. It does not produce …

Oklahoma Earthquakes Lead to More Injection Well Shut Downs

The Oklahoma Corporation Commission’s Oil and Gas Division is directing some injection wells in north-central Oklahoma reduce injection volumes and others to stop operations. The directive issued Wednesday comes after the U.S. Geological Survey recently recorded several earthquakes in the …

Michigan Legislators Decide Motorists Need 3-Foot Distance to Pass Bikes

Michigan drivers would have to allow 3 feet of clearance or a “safe passing distance” while going by a bike on the road as part of a legislative compromise that could reach the governor soon. The Senate voted 36-1 this …

Offshore Worker Alleges Bias in Louisiana Lawsuit

An African-American offshore oil worker has filed a federal lawsuit saying he was intimidated on the job by a supervisor who drew a picture of him dangling from a high rig structure while surrounded by co-workers in Ku Klux Klan …

Ohio Homeowner Trying to Kill Weeds Burns Down Garage

Authorities say an Ohio homeowner trying to kill troublesome weeds with a torch has burned down his garage. The Springfield News-Sun reported Springfield Township firefighters in central Ohio were called to a home around 4 a.m. Thursday for a detached …

Virginia Governor Northam Vetoes GOP Healthcare Bills

Virginia Gov. Ralph Northam has vetoed a handful of GOP-backed bills related to health care. Northam vetoed a bill that would have allowed all groups like the Virginia Chamber of Commerce to pool their members together in a group to …