Yearly Archives: <span>2023</span>

Louisiana Lawmakers Considering Special Session to Address Insurance Crisis

BATON ROUGE, La. (AP) – As Louisiana continues to be plagued by insurance woes, with insurers leaving or going out of business in the hurricane-stricken state, some lawmakers say a special legislative session to address the crisis is imminent. Discussions …

Detroit Museum Seeks Dismissal of Lawsuit Over van Gogh Painting

DETROIT (AP) – A Detroit museum displaying a 1888 painting by Vincent van Gogh as part of a showing of 80 of his works said it shouldn’t be pulled into a dispute over ownership of the multimillion-dollar artwork. The Detroit …

USDA Rolls Out Rule to Stop Fraud in Organic Food Sales

The U.S. government plans to impose new regulations on food producers and handlers aimed at reducing fraudulent schemes in which non-organic products are sold as organic, one of the biggest changes to oversight of the industry in decades. A final …

Allstate Readies Investors for Q4 Loss of Up to $335M

Allstate Corp. on Wednesday said it expects to end 2022 in the red with a net loss of between $285 million and $335 million for the fourth quarter, and a combined ratio of 109.1. Estimated adjusted net loss for the …

Alabama Governor Names Fowler Insurance Commissioner

Alabama’s governor has appointed Mark Fowler as state insurance commissioner, elevating him from an acting commissioner position. “I am deeply thankful to Gov. Kay Ivey for the opportunity to serve as commissioner of insurance for the state of Alabama,” Fowler …

5 Killed, 8 Missing in China Chemical Plant Explosion

BEIJING (AP) — A massive explosion at a chemical plant in northeastern China killed at least five people and left eight missing, state broadcaster CCTV said Monday. More than 30 other people were injured in the explosion Sunday on the …

Davos 2023: UBS Chairman Says Regulators’ ‘Eyes Off the Ball’ on Non-Banks

UBS Chairman Colm Kelleher said traditional finance firms were “systemically safe” after years of increased regulation, but guardians of global financial markets had further to go to eradicate the risks posed by the non-banking sector. “Regulators have – with respect …

Airbus Withdraws From U.S. FAA Boeing Safety Culture Panel

European planemaker Airbus said it had withdrawn from a U.S. government-named panel reviewing Boeing’s safety processes and how they influence Boeing safety culture after two fatal 737 MAX crashes in recent years killed 346 people. The Federal Aviation Administration’s (FAA) …

Dutch Senate Expands Constitutional Ban on Discrimination

THE HAGUE, Netherlands (AP) — The Dutch Senate on Tuesday approved an amendment to the country’s constitution, expanding its first article to specifically ban discrimination based on sexual orientation or disability, a move hailed as historic by rights groups. The …

Jury Mostly Backs Virginia Police Sued by Army Officer Over Traffic Stop

A federal jury in Virginia on Tuesday found mostly in favor of two police officers who were sued by a U.S. Army lieutenant after he was pepper sprayed, struck and handcuffed during a traffic stop. Video of the 2020 incident …