Monthly Archives: <span>March 2021</span>

Insurers Rewrite Business Policies After Pandemic Legal Tussles

NEW YORK — U.S. insurers are strengthening language in policies that cover business losses to protect them from future claims related to the coronavirus pandemic or other widespread illnesses that disrupt operations, industry sources say. New policies and renewals now …

Democrats Seek Closure of Youth Center Amid Abuse Claims

CONCORD, N.H. (AP) — Three Democratic lawmakers are asking Republican Gov. Chris Sununu to shut down the state’s youth detention center amid growing allegations of sexual and physical abuse. Rep. Mary Jane Wallner and Sens. Cindy Rosenwald and Becky Whitley …

SpaceX Starship Lands Upright, Then Explodes in Latest Test

CAPE CANAVERAL, Fla. (AP) — SpaceX’s futuristic Starship looked like it aced a touchdown Wednesday, but then exploded on the landing pad with so much force that it was hurled into the air. The failure occurred just minutes after SpaceX …

Haz-Mat Teams Responds to Train that Derails in SoCal Desert, Leaking Alcohol

LUDLOW, Calif. (AP) — A freight train derailed in the Southern California desert on Wednesday, sending more than 40 rail cars crashing into the sand, authorities said. Nobody was hurt and there was no fire when the BNSF Railway train …

Martin Shkreli Accused of Drug Monopoly Scheme by Insurer

A Blue Cross Blue Shield affiliate sued “Pharma Bro” Martin Shkreli, the pharmaceutical industry’s imprisoned enfant terrible, in a Manhattan federal court Thursday, alleging a scheme to monopolize the market for Daraprim, the “gold-standard treatment” for the parasitic infection toxoplasmosis. …

Endo to Rework $3.3 Billion Loan as Opioid Litigation Looms

Endo International Plc is trying to get more breathing room on its debt as it contests with ongoing opioid and patent litigation and an expected drop in earnings. The drug company said it will issue new debt to refinance its …

Hippo to Go Public in $5B Merger With Mark Pincus, Reid Hoffman-Backed SPAC

Hippo Enterprises will go public through a $5 billion merger with a blank-check firm backed by Silicon Valley heavyweights Reid Hoffman and Mark Pincus, in a sign of rising interest in the fast-growing “insurtech” sector. The deal, announced on Thursday, …

Weeks After Storms, Water Crisis Continues In Mississippi

JACKSON, Miss. (AP) — 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 …

Kentucky Seeking Federal Help As Floodwaters Cause Damage

FRANKFORT, Ky. (AP) — Kentucky’s governor toured parts of his state hard by heavy rains Tuesday and pledged to seek federal assistance after massive flooding inundated several areas. Gov. Andy Beshear said “parts of cities are underwater in eastern Kentucky” …

Strong Earthquake Shakes Central Greece, Felt in Balkans

ATHENS, Greece (AP) — An earthquake with a preliminary magnitude of at least 6.0 struck central Greece Wednesday and was also felt in neighboring Albania and North Macedonia, and as far as Kosovo and Montenegro. One man was injured by …