A lawsuit filed by the state of Rhode Island against 21 fossil fuel companies seeking damages for the impacts of climate change will be allowed to proceed in state court, a federal appeals court has ruled. The decision Thursday by …
A disbarred attorney based in Yorktown Heights, N.Y., has pled guilty in White Plains federal court to stealing government funds. Gustavo L. Vila’s plea results from his theft of approximately $1 million that the U.S. Department of Justice’s 9/11 Victim …
Applied Systems has named Reid Holzworth as chief executive officer of IVANS, the insurance industry’s exchange connecting insurers, MGAs, agencies, and the insured. Holzworth will lead the expansion of the IVANS strategy and all business functions to accelerate the digitization …
Delaware is set to elect its next insurance commissioner tomorrow. Dr. Julia Pillsbury is the candidate for the Republican party, while current Delaware Insurance Commissioner Trinidad Navarro is running for re-election with the Democratic party. Navarro was elected to his …
A Eugene Weekly reporter who was hit with a tear gas canister while he filmed police breaking up a protest in late May in Oregon has settled a lawsuit against the city of Eugene. Henry Houston said he and the …
California regulators are being asked to fine Pacific Gas & Electric nearly $166 million for failing to properly inform customers before it cut power to millions of people last year. The sweeping outages without proper notification were “a major public …
Pelican Ventures and J.C. Flowers & Co., both private equity investors with significant insurance expertise, announced they have agreed to acquire reinsurance franchise Ariel Re from Argo Group for an undisclosed sum. Ariel Re is a global underwriter of property …
American International Group’s plan to downsize by divesting its Life & Retirement (L&R) business is drawing cautious and wary reactions from rating agencies that follow the property/casualty insurance giant. They said that they’re worried about what the divestiture will do …
Guy Carpenter & Co., the reinsurance broker subsidiary of Marsh & McLennan Cos., announced the launch of a new marine & energy mutual, agency and captive reinsurance solutions practice, and the appointment of Demian Smith as managing director to lead …
Insurers are bracing for a hit of about $4.3 billion from Hurricane Zeta in the United States, catastrophe modeling company Karen Clark & Co (KCC) said on Monday. At least six people were killed in the southeast of the United …
