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AccuWeather Raises Texas Damage, Loss Estimate from Winter Storm to $130B
Damage costs and economic losses from the intense winter storm that hit the country in mid-February may rise to as much as $130 billion in Texas alone, according to AccuWeather. That figure is up from the $50 billion to $60 …
POSTED MARCH 06, 2021 1:26 AM |
Louisiana AG Backs $100M Deal in Freeport McMoRan Coastal Damage Suit
Attorney General Jeff Landry has said he’s backing a $100 million settlement between a dozen coastal parishes and mining corporation Freeport McMoRan to end a lawsuit over damage to Louisiana’s coastal wetlands, in what could become a landmark agreement. The …
POSTED MARCH 06, 2021 12:49 AM |
Weeks After Storms, Water Crisis Continues in Mississippi
Frustrations are mounting in Mississippi’s largest city, more than two weeks since winter storms and freezing weather ravaged the city’s water system – knocking out water for drinking and making it impossible for many to even flush their toilets. For …
POSTED MARCH 05, 2021 5:57 PM |
Heading into Spring Flooding Season, Missouri River Remains Low
This year is shaping up to be drier than normal throughout the Missouri River basin, and the risk of flooding is generally below normal throughout the region because conditions remain dry and snowpack levels are below average. The U.S. Army …
POSTED MARCH 05, 2021 5:33 PM |
CEO of Texas Power Grid Fired After Deadly February Blackouts
Texas’ power grid manager was fired on March 3 amid growing calls for his ouster following February’s deadly blackouts that left millions of people without electricity and heat for days in subfreezing temperatures. Bill Magness, CEO of the Electric Reliability …
POSTED MARCH 05, 2021 5:30 PM |
UK and EU on Track to Agree on Financial Services Cooperation – but Trust Must Be Built
Britain and the European Union are on course to agree a deal on regulatory cooperation in financial services this month, but the UK’s actions in Northern Ireland makes it harder to build trust, the bloc’s financial services chief said on …
POSTED MARCH 05, 2021 4:32 PM |
EverQuote’s Gumennik Moves to Policygenius to Lead Marketing
Maya Gumennik, a former EverQuote and Tripadvisor executive, has joined digital personal lines insurance broker Policygenius as the company’s head of Marketing. Gumennik will oversee the company’s marketing strategy and manage the marketing team. Gumennik brings nearly a decade of …
POSTED MARCH 05, 2021 4:10 PM |
CNA’s Cyber Risk Services Program, CNA CyberPrep, Launched in Canada
CNA announced that CNA CyberPrep, a proactive cyber risk services program, has been launched in Canada. Already available to CNA’s customers in the United States, CNA CyberPrep helps cyber policyholders with threat identification, mitigation and response. The CNA CyberPrep program …
POSTED MARCH 05, 2021 4:04 PM |
UK Broker, Specialist Risk Group, Acquires MGA CLS Risk Solutions
Specialist Risk Group (SRG), a London-based insurance broker, has agreed to acquire CLS Risk Solutions (CLS RS), subject to regulatory approval. Financial details of the acquisition — its fourth so far this year — were not disclosed. Established in 2010, …
POSTED MARCH 05, 2021 3:25 PM |
Engineers Grade U.S. Infrastructure C- as Biden, Congress Prepare to Debate Fix
America’s infrastructure has scored near-failing grades for its deteriorating roads, public transit and storm water systems due to years of inaction from the federal government, the American Society of Civil Engineers reports. Its overall grade: a mediocre C-. In its …
POSTED MARCH 05, 2021 3:20 PM |
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