A small earthquake struck near Port Townsend in Admiralty Bay. The Pacific Northwest Seismic Network says the earthquake happened shortly after 10 p.m. Wednesday between Port Townsend and Oak Harbor, Whidbey Island. The 3.1-magnitude quake occurred at a depth of …
The Everest National Insurance Co. has joined the Governing Committee of the Workers’ Compensation Insurance Rating Bureau of California. The WCIRB Governing Committee is responsible for setting policy and overseeing the management of the affairs of the WCIRB. The WCIRB …
General Motors Co.’s bid to block hundreds of lawsuits, potentially worth billions of dollars, over a deadly ignition-switch defect broke down on Monday when the Supreme Court refused to hear its appeal claiming the suits were barred by the No. …
Recreational marijuana may be legal for adults in Massachusetts but who ultimately will be in charge of regulating and enforcing the new law remains the subject of behind-the-scenes maneuvering on Beacon Hill. A legislative committee created to review and potentially …
Popular ride sharing companies Uber and Lyft are opposing a Vermont bill that would require the companies to greatly increase their insurance coverage for personal injuries when drivers are between rides. The Burlington Free Press reports that the bill would …
The New York State Senate in April passed its $153 billion 2017-2018 state budget that includes reforms to workers’ compensation in the state. These reforms serve to help businesses, local governments and not-for-profits save money while also enhancing protections for …
Treating cyber risk as a standalone insurance market holds the promise of unlocking the potential for meaningful coverage for both insurers and buyers, according to a new report by JLT Re and JLT Specialty Limited. According to the report released …
JLT Specialty USA, a U.S. subsidiary of Jardine Lloyd Thompson Group plc. (JLT), has appointed Molly Nolan as senior vice president. Nolan comes to JLT with more than 20 years’ experience in providing insurance services for complex property accounts. She …
Renewable power investments will need to rapidly grow in the coming two decades to be in line with the Paris Agreement climate goals, according to the Allianz Climate & Energy Monitor Deep Dive, which aims to inform investors and policymakers …
Bermuda-based AXIS Capital Holdings Ltd. announced the launch of the “AXIS Re Actuarial Scholarship” in partnership with Renmin University in China. The scholarship fund will provide financial assistance to actuarial students in Renmin’s School of Statistics to help develop their …
