Pacific Gas & Electric asked regulators Wednesday to grant a $3.6 billion rate hike to help it pay for hardening its power systems to prevent deadly wildfires. The nation’s largest electric utility requested the hike beginning in 2023, with half …
The Boy Scouts of America reached settlement with a major group of sex-abuse survivors, a defining moment in the organization’s bankruptcy case. The Boy Scouts have offered $850 million in cash and other assets to 60,000 abuse victims, including $59 …
A Tesla Inc. Model S Plaid electric vehicle burst into flames on Tuesday while the owner was driving, just three days after the $129,900, top-of-the-range car was delivered following its June launch, an attorney for the driver told Reuters. The …
As “the next digital pandemic,” cyber risks are increasingly becoming a problem for insurers themselves, according to an industry expert. With “a lack of controls at [an] insurer, [you] could have catastrophic damages to an entire portfolio,” said Jack Kudale, …
Robinhood Markets Inc, the online brokerage at the center of this year’s retail trading frenzy, disclosed on Thursday previously unreported regulatory risks in its long-awaited initial public offering filing. Amid an increasingly hostile climate in Democrat-led Washington, Robinhood’s growing regulatory …
Medical marijuana patients can continue to get a three month’s supply at a time, rather than one month’s, under revisions to the Pennsylvania program signed into law Wednesday by Governor Tom Wolf. The bill makes it easier for producers to …
The New Hampshire Insurance Department has announced that it investigated and submitted for criminal prosecution a total of 18 insurance fraud cases over the past twelve months. The cases varied in nature, but included false claims related to food poisoning, …
The New York State Department of Financial Services (DFS) has issued new guidance on preventing ransomware attacks. In the guidance, DFS identifies cybersecurity controls that it says reduce the risk of a ransomware attack and should be implemented by companies …
It might be shocking, but not only do I work for the fine people who publish Insurance Journal, but I read Insurance Journal. I’m particularly interested in reading it when I get an email from a friend, asking for my …
These International People Moves include appointments at AXIS Re, Zurich Insurance Group and MS Amlin. Details of these new hires follows. AXIS Re, the reinsurance business segment of AXIS Capital Holdings Ltd., announced that Nicole Hanhart has joined AXIS Re …
