Even before last week’s hurricane, Florida’s home insurance market was dealing with billions of dollars in losses from a string of natural disasters, rampant litigation and increasing fraud.
Nation & World
National and world news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
WTO predicts trade growth to slow next year amid crises
In 2023, the prediction is for global trade volumes to grow just 1%, down from the 3.4% expected previously.
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Posted inNation & World, News
Colorado baker fighting ruling over gender transition cake
The Colorado baker who won a partial Supreme Court victory after refusing to make a wedding cake for a gay couple may have broken laws again after refusing to make a cake celebrating a gender transition.
Posted inNation & World, News
Relatives of kidnapped California family beg for help, tips
The alleged kidnapper is in custody, but the whereabouts of a baby, her parents and uncle are unknown.
Posted inNation & World, News
Climate change made summer drought 20 times more likely
Researchers say this type of drought would only happen once every 400 years across the Northern Hemisphere if not for human-caused climate change. Now they expect it every 20 years.
Posted inNation & World, News
Revised ‘Dreamers’ program to get another review by court
The Deferred Action for Childhood Arrivals program was adopted by former President Obama’s administration and has had a complicated ride through federal court challenges.
Posted inArts & Entertainment, Nation & World, News
Acclaimed artist Kim Jung Gi dies of a heart attack at age 47
Kim was known for his exceptional ability to draw intricate illustrations entirely from memory, with no references whatsoever, on large canvases with his trusty brush pen.
Posted inNation & World, News
Nobel Prize goes to 3 chemists who snapped together molecules, a boon for medicine
The goal is ‘doing chemistry inside human patients to make sure that drugs go to the right place and stay away from the wrong place,’ says one of the Americans who shared the prize.
Posted inBusiness, Nation & World, News
OPEC+ makes big cut to oil production to increase prices
The Saudi oil minister rejects the implication that OPEC was assisting Russia, saying the discussion was in a nonpolitical ‘silo’ where the focus was prudent management of oil markets.
Posted inNation & World, News
Putin signs annexation of Ukrainian regions even as Russian losses mount
In a defiant move, the Kremlin held the door open for further land grabs in Ukraine.