German insurer Allianz on Friday declined to provide a forecast for 2020 given uncertainty around the COVID-19 pandemic, despite delivering an unexpected 6% rise in third-quarter net profit. Allianz, like other insurers, has warned about the impact of clients making …
An assistant chief of police in Kauai settled a lawsuit against his department and Kauai County for $1.84 million. Mark Begley sued the county and the Kauai Police Department in 2016, alleging he was harassed and retaliated against by former …
Local governments are increasingly taking it upon themselves to address climate change. Denver voters on election day passed Measure 2A, which would raise city sales tax by 0.25% starting in January with the goal of reducing the city’s climate footprint, …
California Insurance Commissioner Ricardo Lara on Thursday announced a mandatory one-year moratorium on insurance companies non-renewing or cancelling residential property insurance policies, a move he says is aimed at helping 2.1 million policyholders affected to date by the record 2020 …
RSA is in talks with a consortium of Canadian insurer Intact Financial and Danish insurer Tryg about a possible break-up deal that values the British firm at about 7.2 billion pounds ($9.46 billion). RSA said its board would be minded …
Cincinnati Financial Corp.’s London-based global specialty underwriting subsidiary, Cincinnati Global Underwriting Ltd., will begin writing two new lines of business: contingency and specie. Contingency insurance covers film and entertainment risks, such as: insuring film and TV production for their props, …
A Howell, Michigan, insurance agent has been charged with embezzlement and conducting a criminal enterprise, among other felonies, according to state Attorney General Dana Nessel. Alicia Holbrook-Bloink is accused of taking more than $375,000 of her clients’ money between 2015 …
Gordon Amini, general counsel of the Oklahoma Insurance Department, will retire at the end of the year. During his 43-year career as corporate legal and regulatory counsel, Amini was a member of the Oklahoma Bar Association and admitted to practice …
Georgia’s highest court on Monday found that a lower court was wrong to grant immunity from prosecution to three sheriff’s deputies facing murder charges in a stun gun death dating to July 2017. The three white Washington County deputies – …
A Chicago scrap shredder with a history of pollution problems has agreed to pay an $18,000 fine and make improvements intended to prevent explosions and stop metallic pollution from drifting into nearby neighborhoods. General Iron Industries agreed to the settlement …
