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Author: Annie George
Shareholders Sue Southwest Airlines Over Flight Meltdown
Shareholders filed a lawsuit against Southwest Airlines Co, accusing the carrier of fraudulently concealing problems that led to an operational meltdown.
Louisiana State Police Arrest Insurance Adjuster Who Stole Hurricane Ida Payments
Louisiana State Police arrested an insurance adjuster Thursday on charges of pocketing more than $592,000 that he obtained on behalf of seven Hurricane Ida victims.
Reinsurers Rethinking Business in U.S. Disaster Hotspots
Reinsurers are increasingly reconsidering their business in natural disaster-prone areas such as California and Florida as losses mount.
Crypto Crime Reached a New High of $20B in 2022
The illicit use of cryptocurrencies reached a new high of $20.1 billion last year.
Higher Interest Rates Are Curing a Capital Glut for Reinsurers
There have been many big storms in recent years. But they haven’t come in a market environment quite like this one, with rapidly rising interest rates.
Cost-of-living Crisis Overshadows Climate Change: Davos Report
Climate change is the world’s biggest long-term challenge, but it is one that the world is least prepared to address due to short-term issues caused by a cost-of-living crisis.
FTX Located More than $5B in Cash, Liquid Assets
Bankrupt cryptocurrency exchange FTX announced that it has found more than $5 billion in cash and other liquid assets.
Supreme Court Allows New York Gun Law to Remain in Effect Pending Legal Challenges
The Supreme Court on Wednesday allowed a New York gun law that places restrictions on carrying a concealed firearm to remain in effect while legal challenges play out.
Flights Resume After FAA Lifts Halt on Departures
The FAA lifted an early-morning order to pause domestic departures after a critical system that alerts pilots and crew to safety advisories and other information for flights went down overnight.