Pennsylvania authorities filed criminal charges on July 13 in Dauphin County against Kenneth Torres, Louis Torres, Ruth Negron-Acevedo, Juan Lopez-Barco and Philadelphia-based businesses EZ Multi-Services and Saul Auto Tags. According to the criminal complaints, the arrests stemmed from a multi-year …
Connecticut filed a lawsuit on Monday against oil giant Exxon Mobil Corp for misleading the public over the impacts of climate change, becoming the latest state to target the fossil fuel industry for violating state consumer protection laws. The state’s …
A federal appeals court on Monday cleared the way for New York state to collect about $200 million from drug manufacturers and distributors by imposing a surcharge on them to defray the costs of combating the opioid addiction epidemic. The …
London judges have ruled that some of the world’s biggest insurers were wrong to reject tens of thousands of claims from small firms battered by the COVID-19 pandemic, Britain’s Financial Conduct Authority (FCA) said on Tuesday. The FCA, which brought …
Claims inflation for the commercial liability business will increase through 2020, although it was accelerating even before the coronavirus pandemic hit. This trend, known as social inflation, has led the insurance industry to reduce capacity and increase prices to try …
Foresight is now appointing a group of founding broker partners focusing on hazardous verticals in the middle market San Francisco, CA, September 15, 2020 – Foresight, a commercial insurtech MGU with carriers rated A- (Excellent) by AM Best, recently launched …
In every crisis, lessons must be learned, but opportunities also are revealed. And so it goes with the COVID-19, which has shown the need for contract certainty in the re/insurance industry, while at the same time providing an impetus toward …
Charleston is now the first city in the American South to sue major oil companies in an attempt to hold them accountable for the “daunting” costs of climate change, city officials announced Sept. 9. The 24 defendants in the city’s …
Neptune Flood, an AI-driven flood insurance company, has expanded its flood insurance products to now include all NFIP product types. Neptune, which has previously offered flood insurance for one to four family homes, and main street businesses, now offers a …
A Florida husband and wife have been charged with lying about damage caused by Hurricane Irma. Christina Catalano, 38, and Joseph Catalano, 54, both of Holiday, were arrested Sept. 9, according to federal court records. Christina Catalano has been charged …
